In a sign of growing optimism that manufacturers in China think they can restart operations that had been paralyzed by China’s effort to halt the spread of the coronavirus, Foxconn, which assembles most of Apple’s iPhones, said it expected production to return to normal soon. The company said it’s operating at 50% of normal capacity for this time of year, which is generally a lull in the annual...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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