Chinese e-commerce giant Alibaba’s female employee has accused her manager of sexually assaulting her. The company and the police are investigating the case. In a post on Alibaba’s intranet, the employee said her boss and some Alibaba clients sexually assaulted her during a business trip. Alibaba’s spokesperson said that the company has suspended the relevant parties suspected of violating...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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