Zoom shares dropped more than 5% in after-hours trading after the workplace collaboration company reported its slowest annual sales growth in its three-plus years as a public company during the three months to Oct. 31. However, there were some bright spots that suggest Zoom’s business is stabilizing after the disruption caused by more companies returning to work and decreasing their usage of...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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