Friday, May 28, 2021

Wejo, which collects and analyzes real-time vehicle data, is going public via a SPAC merger to raise $330M, which will value Wejo at $800M including debt (Reuters)

Reuters:
Wejo, which collects and analyzes real-time vehicle data, is going public via a SPAC merger to raise $330M, which will value Wejo at $800M including debt  —  Auto data startup Wejo, backed by General Motors Co (GM.N),will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp …



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Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism of Chinese tech companies' work culture (Financial Times)

Financial Times : Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism o...