Tuesday, November 9, 2021

Source: Chinese social e-commerce app Xiaohongshu has raised a new funding round of $500M, led by Temasek and Tencent at a $20B valuation (Tracy Qu/South China Morning Post)

Tracy Qu / South China Morning Post:
Source: Chinese social e-commerce app Xiaohongshu has raised a new funding round of $500M, led by Temasek and Tencent at a $20B valuation  —  The platform known as China's answer to Instagram raised the money from existing investors after being forced to put IPO plans on hold Xiaohongshu …



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A look at the secretive process Meta used to get an advantageous deal for its Hyperion data center in Louisiana, including tax breaks and lack of public input (New York Times)

New York Times : A look at the secretive process Meta used to get an advantageous deal for its Hyperion data center in Louisiana, includi...