Chinese ride-hailing giant Didi Chuxing’s autonomous driving subsidiary is planning to raise as much as $500 million at a valuation of about $6 billion, Bloomberg reported. The move comes as bankers and investors expect Didi, one of the world’s most highly valued venture-backed startups worth $62 billion, to go public later this year. Ahead of the highly anticipated IPO, Didi is redoubling its...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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