Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five…

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Quantum computing, not AI, will define our future

William ("Whurley") Hurley IBM researcher Jerry Chow in the quantum computing lab at IBM’s T.J. Watson Research Center. Humanizing Quantum Computing These are just the beginnings of the strange world of quantum mechanics. Personally, I’m enthralled by quantum computing. It fascinates me on many levels, from its technical arcana to…

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Interest rates and fears of a mounting trade war send tech stocks lower

Shares of technology companies were battered in today’s trading as fears of an increasing trade war between the U.S. and China and rising interest rates convinced worried investors to sell. The Nasdaq Composite Index, which is where many of the country’s largest technology companies trade their shares, was down 219.4…

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In venture capital, its still the age of the unicorn

Howie Xu At the time, the piece defined a new breed of startup — the $1 billion privately held company. When Lee did her first count, there were 39 “unicorns”; an improbable, but not impossible number.. Today, the once-scarce unicorn has become a global herd with 376 companies on the…

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The Hole at the Heart of Chinas Silk Road

Nobody pretends the People’s Republic of China is an entirely benign power, least of all its leaders in Beijing. Yet, even by the standards of what continues to be a remarkably repressive state, the stories that are emerging from behind the Great Firewall about the crackdown on Xinjiang’s Uighur Muslim…

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Death, Diamondsand Russias AfricaProject

The poorest country according to the World Bank, has turned a spotlight on what looks like a big Kremlin play for influence and resources in Africa. Where China has spent decades and billions of dollars trying to entrench itself there, Russia is offering its brute force and strong appetite for…

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Elon Musk Stumbles Into a Good Point

Today’s Agenda Tesla really should just go private. America’s health-care system is at stake in the midterm elections. The Trump administration is blowing its AT&T/Time Warner appeal. Starbucks thinks China will come out of the trade war in good shape. Maybe job tenure shouldn’t just be a thing for college…

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Zero-Sales Biotechs May Damage Your Financial Health

China's biotech unicorns are chasing a big prize. Landing it may prove elusive. BeiGene Ltd. raised $903 million in a secondary listing in Hong Kong last week. The company’s market value has swelled to $9.4 billion since its 2016 initial public offering on the Nasdaq, despite the firm being at the “clinical…

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