Heather Somerville

Chinese venture funding in US startups slows to a trickle amid tightened scrutiny

Chinese venture funding in U.S. startups crested to a record $3 billion last year, according to New York economic research firm Rhodium Group.

Uber stealthily files for IPO in step with Lyft

Uber is eager to beat Lyft to Wall Street, a sign of the company’s entrenched competitiveness.

Uber plans smaller, more cautious self-driving car launch

Uber plans to begin driving “a handful” of cars on a mile loop between two company offices in Pittsburgh, where Uber first debuted its autonomous vehicles in 2016.

US fintech startup Stripe valued at $20b in fresh funding round

Stripe will use the funds to fuel growth in key overseas markets such as Southeast Asia and India

Uber fills long-vacant CFO seat with Merrill Lynch veteran, paving way for IPO

Uber must meet its self-imposed deadline of an IPO next year or a shareholder provision that would lift transfer restrictions on shares could create a chaotic market of buying and selling Uber stock.

China revokes approval for Facebook’s upcoming venture

A Chinese government database showed that Facebook had gained approval to open a subsidiary, but the registration has since disappeared.

Scooter makers ride high with growing demand from well-funded rental startups

Investors poured $3.5 billion into scooter- and bike-rental startups globally for the first half of 2018, according to data firm CB Insights.

Snap bet helps Lightspeed Venture raise $1.8b for new funds

Lightspeed is eyeing a business expansion to Southeast Asia and wants to add investments in cryptocurrency, biotech, new TV streaming services and even cosmetics companies.

China’s penetration of Silicon Valley creates risks for startups

The possibility of a regulatory crackdown has caused unease in the startup world.

Scooter startup Bird raises $300m in latest funding round

The round was led by Sequoia Capital and joined by investors Accel, B Capital, CRV, Sound Ventures, Greycroft and e.ventures.