Crypto payments company Circle announced Monday it has scrapped its plan to go public via special purpose acquisition company Concord Acquisition Corp. The deadline to complete the merger was Dec. 8, with the possibility of extending to Jan. 31, 2023. Circle and Concord first announced the SPAC merger in July 2021 and renegotiated the agreement in February, which increased Circle’s enterprise...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing asia policy
What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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.
Recent Popular Stories
Exclusive startups venture capital
A Long, Strange Trip for the ‘Uber for Nurses’
The 1:1 ai
Adam D’Angelo’s Endless Quest to Answer Everything
Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.