Thursday, May 30, 2019

Brex, a startup that provides credit cards to tech startups, is in talks to secure new funding at a valuation of $2B+, up from a $1.1B valuation in October (Bloomberg)

Bloomberg:
Brex, a startup that provides credit cards to tech startups, is in talks to secure new funding at a valuation of $2B+, up from a $1.1B valuation in October  —  - Fintech's new cash infusion comes just months after last round  — Kleiner Perkins, Peter Thiel among startup's backers



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...