$7.1b

Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage “hard technology” startups valued below ¥500M, or about $71M

Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage “hard technology” startups valued below ¥500M, or about $71M

China on Friday launched three venture capital funds to invest in “hard technology” areas, state broadcaster CCTV reported.

ServiceTitan's shares closed up 42.25% at $101 in its Nasdaq debut, giving the cloud software provider an ~$8.9B market cap after it raised ~$625M in its IPO

All topics  —  Top of the Morning  —  David Bonderman … Financial Times : Live news: ServiceTitan shares pop 42% in debut Bluesky: Chirag Mehta / @chirag : A good signal that the market might welcome ...

Didi reports Q2 revenue up 4.1% YoY to ~$7.1B and ~196M net profit, after ride-hailing transactions hit a record, as Didi recovers from a $1.2B US fine in 2022

Bloomberg :

Venture funding to cybersecurity startups grew to $4.4B in Q2 2024, up 144% YoY; funding in H1 2024 was $7.1B, up from $4.7B in H1 2023

Chris Metinko / Crunchbase News :

Venture funding to cybersecurity startups grew to $4.4B in Q2 2024, up 144% YoY; funding in H1 2024 was $7.1B, up from $4.7B in H1 2023

Chris Metinko / Crunchbase News :

Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses

Cybertech Global and IVC: in 2023, Israeli cybersecurity exit deals grew by 65% YoY to $7.1B; total tech sector exits were ~$11B, down from $13.5B in 2022

Steven Scheer / Reuters :

HPE reports Q1 revenue down 14% YoY to $6.76B, vs. $7.1B est., Server revenue down 23% YoY to $3.4B, and reduces its FY 2024 outlook for sales growth and profit

Brody Ford / Bloomberg :

Intuit plans to close personal finance app Mint, acquired in 2009 for $170M, on January 1, 2024, and pushes users to Credit Karma, acquired in 2020 for $7.1B

https://lnkd.in/djtFkne8 Ryan Pollock : Aww man, does Intuit really need to pull a Google?  —  I've been using Mint ever since Noah Kagan gave me a pre-launch demo over lunch at the 'plex back in '06 ...