Zoom Video Communications revealed that the total number of businesses using its service fell slightly in the January quarter, a vivid reminder of how much the pandemic star has fallen from grace. Zoom said that 509,800 firms with more than 10 employees used its service in the quarter, down from 512,100 in the October quarter. That number had skyrocketed, from 81,900 immediately before the...
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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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