Heather Somerville
Stories by Heather Somerville
Lyft to pitch fast US growth to investors in IPO race with Uber
Lyft is under pressure to sell investors on its prospects as it races neck-and-neck with Uber to an IPO that could take place in the second quarter of
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 v
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
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 ev
China’s penetration of Silicon Valley creates risks for startups
The possibility of a regulatory crackdown has caused unease in the startup world.
