Elon Musk has donated $5.7 billion in Tesla shares to charity in November, according to SEC filings. The donation, which was made to an unspecified charity, was part of a sale of $16.4 billion worth of shares. Earlier, Musk had said he would have to pay more than $11 billion in taxes in 2021 from his exercise of stock option. His stance on taxes has gotten him into sharp exchanges with...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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