Best Buy’s online sales more than tripled in the three months ended Aug. 1, boosted by demand from back-to-school shoppers and at-home workers. The national electronics retailer, however, warned growth would likely cool in the third quarter from an increase of more than 20% during the first three weeks of the current quarter, as high unemployment and uncertainty around government stimulus could...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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