Thursday, May 4, 2023

As US VCs flood to the Middle East in search of funding, some view their desperation poorly because the region's investors value long-term relationships (Bloomberg)

Bloomberg:
As US VCs flood to the Middle East in search of funding, some view their desperation poorly because the region's investors value long-term relationships  —  Silicon Valley has taken investment from moneyed state-run funds in the Middle East for years.  Now that the technology industry …



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A look at the battle between Uber and its unlikely ally, Chinese-owned rival 99, against the São Paulo city government, which banned motorcycle taxis in 2023 (Gabriela Sá Pessoa/Rest of World)

Gabriela Sá Pessoa / Rest of World : A look at the battle between Uber and its unlikely ally, Chinese-owned rival 99, against the São Pau...