Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets FizzleRead more

Briefing
asia

ByteDance in Talks With India’s Reliance About TikTok Investment

By
Juro Osawa
· · Source: TechCrunch

Indian conglomerate Reliance Industries is in preliminary discussions with China’s ByteDance to invest in TikTok’s India business, TechCrunch reported. The talks come after India’s government banned TikTok and dozens of other Chinese-owned mobile apps in late June. An investment from Reliance, one of the most politically connected companies in India, could revive TikTok in the country. Indian...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive enterprise Finance
Sumo Logic Cuts Staff After Francisco Partners Takeover
By Paris Martineau and Maria Heeter · June 10, 2023 7:30 AM PDT
Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
Latest Briefs
 
Oracle Preps Cloud AI Pact with OpenAI Rival
By Amir Efrati · June 9, 2023
Andreessen Horowitz Restructures Investment Teams in AI Push
By Kate Clark and Erin Woo · June 9, 2023
Reddit CEO Cites Profit Push in Response to Backlash
By Isabelle Sarraf · June 9, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
CareRev co-founder Will Patterson stepped down as CEO last week. Art by Clark Miller
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
By Paris Martineau
Will Patterson was on a hot streak. As the co-founder and CEO of CareRev—a gig-work platform sometimes described as an “Uber for nurses”—he saw his company’s business surge during the pandemic as hospitals and clinics scrambled to find healthcare workers.
Art by Clark Miller.
The Big Read space venture capital
The Overlapping Galaxies of Delian Asparouhov
By Margaux MacColl
Delian Asparouhov, newly minted Founders Fund partner and co-founder of Varda Space Industries, is obsessed with speed.
Photo via Shutterstock.
Exclusive startups Finance
Inside the Culture Clash at JPMorgan and WePay
By Michael Roddan
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
Marc Andreessen. Photo: Bloomberg.
Exclusive startups venture capital
Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets Fizzle
By Kate Clark and Erin Woo
Andreessen Horowitz has combined its finance and consumer investment teams into one, merging what were two of the hottest pandemic-era investment categories that have since cooled.
Peng Zhao, CEO of Citadel Securities. Photo by Bloomberg.
Exclusive ai venture capital
Wall Street Firm Citadel Securities Courts AI Startups for Trading Edge
By Jon Victor and Cory Weinberg
Citadel Securities, a prominent high-frequency trading firm, has told startup founders and investors it is looking to license software from artificial intelligence startups working on large-language models or to buy stakes in them, according to two people with knowledge of the conversations.
The Port of Los Angeles, where Next Trucking has a significant presence. Photo by David McNew/Getty Images.
Exclusive startups Finance
Logistics Startup Next Trucking Tries to Sell Itself
By Maria Heeter
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information.