Investments in tech startups are set to surpass $200B this year, the largest since dot-com bubble
As with Uber’s prior retreats, quitting a costly slugfest against GrabTaxi Holdings Pte will help alleviate Uber’s whopping losses.
Tencent, Alibaba Group Holding Ltd. and Japan’s SoftBank Group Corp. have made strings of investments outside their home countries.
Just four countries—the US, Germany, Japan and the UK— contributed 92% of Amazon’s $136 billion in revenue for 2016.
Amazon plows about 97 cents of every dollar in sales back into fuelling its endless ambitions.
Spotify, are you paying attention? Blue Apron? Dropbox? Uber?
The performance shows that the latest breed of “unicorns” — the corny but handy term for tech startups valued at $1 billion or more — can go public successfully. That hasn’t been the pattern of late. Almost no unicorns have gone public recently; Twilio is just the second tech company to go public in the U.S. this year.