Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
venture capitalists
Venture Capital GGV raises $2.52 billion in latest funding round
On Thursday, Venture Capital firm GGV stated, it raised $2.52 billion for its latest group of funds marking it as its largest fund raising so far. The development follows several successful initial public offerings of its portfolio companies, including Affirm… Read More ›
U.S. venture capitalists set for record growth rate this year
Despite apprehensions of a corrections in venture capital funding, data from PitchBook Data Inc and National Venture Capital Association point to a bonanza year. According to a report that was released on Wednesday, U.S. venture capitalists are likely to sink… Read More ›
Investors and venture capitalists tapping microflats for boosting growth in real estate
Net yields are pushing property developpers towards microflats as opposed to build-to-rent private apartments. In a development that has taken many in the real estate market by surprise, priced out of London’s traditional housing market, millennials are now opting to… Read More ›
Travis Kalanick resigns as Uber’s Chief Executive
While his aggressive and pugnacious style of working defined Uber, things went downhill following an investigation into the company’s management style. Travis Kalanick, co-founder and CEO of Uber Technologies Inc has resigned from the company under pressure from investors over… Read More ›
Wal-Mart set to launch its first investments arm – Store No. 8
In order to better compete with arch rival Amazon.com, Wal-Mart is hoping to profit from the benefits of its investment arm, which will focus on tech startups, so as to better compete in its e-commerce push. The world’s largest brick… Read More ›