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Other Developments
A curated list of other prominent stories from this day.
10:00 PMFinancial Times
Chinese VC firms rush to raise funds after 3-year drought
Summary
Chinese venture capital firms are seeking new funding after a three-year period of limited fundraising. They are positioning China-focused investments as a hedge for investors heavily exposed to US markets.
The fundraising window is reopening, but investor interest appears driven more by portfolio diversification than
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Why it matters
A shift from growth-driven investing to geopolitical and portfolio hedging could revive Chinese VC without signaling a full recovery in startup funding.
‘People can go from zero to 100’: How Gen Z is raking in $260,000 per month on a livestream auction app
Summary
Cofounders Abhinavan Thanendran and Neil Shah went from workplace colleagues to leading a startup valued at more than $50 million. Their livestream auction app has enabled some Gen Z sellers to generate as much as $260,000 a month.
The decisive shift is that livestream selling is becoming a scalable income channel rather than
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Why it matters
The company is betting that accessible livestream tools can turn a new generation of sellers into both its users and its growth strategy.