TikTok’s Chinese owner, ByteDance, has finalised a deal to establish a majority US-owned joint venture company to avoid a ban on the popular social media app used by more than 200 million Americans. The deal is a milestone for the short video app after years of battles that began in August 2020, when US President…
When DCM wrote the first institutional check into Figure Technologies, the Menlo Park-based venture firm was making a risky bet on both an unproven use of blockchain technology and a founder with a checkered past. Nearly eight years later, that decision is set to deliver one of DCM’s biggest wins: a stake worth nearly 60x…
An estranged couple from southwestern China became embroiled in a dispute over 29 chickens during their divorce proceedings. After telling them to split the batch of birds evenly, a judge advised them to eat the extra one as a “farewell meal” before finalising their divorce. The idea was not only practical but also reflected traditional…