FTX, the third largest cryptocurrency exchange by trading volume, raised $400 million in a new funding round that valued the company at $32 billion, the company announced Monday. Among the investors participating were SoftBank Vision Fund 2, Paradigm, Tiger Global, Lightspeed Venture Partners and Ontario Teachers’ Pension Plan Board. The new investment comes less than four months after FTX...
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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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