Shanghai-based venture capital and private equity firm CMC targeted $1 billion when it started raising a new fund from global investors in 2021. Two years later, CMC hasn’t completed raising the fund, even though the firm has extended its fundraising period in hopes of getting closer to its target, according to two people with direct knowledge of the matter. The previously unreported...
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SpaceX, Klaviyo, LLMs: Highlight Stories From This Week
This week we were treated to not one but two big tech IPOs! Plus, two tech juggernauts—Amazon and Microsoft—held big, flashy product launch events. Through it all, The Information’s newsroom pumped out a string of scoops, analyses and meaty newsletters.
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