Thursday, June 8, 2023

Roelof Botha says splitting Sequoia into three helps prevent the entities rubbing against one another; sources say Neil Shen agitated to separate the China unit (Financial Times)

Financial Times:
Roelof Botha says splitting Sequoia into three helps prevent the entities rubbing against one another; sources say Neil Shen agitated to separate the China unit  —  Silicon Valley VC firm's lucrative foray into rival nation ends as geopolitical tensions flare up



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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...