Trump Is Right: China Should Stop Stealing the U.S.’s Best Ideas
August 14, 2018

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It Continue reading

Saudis, SoftBank Plan World’s Largest Solar Project
April 1, 2018
  • Venture may cost $200 billion, add 100,000 jobs in the kingdom
  • Plan envisions 200GW of solar capacity in Saudi Arabia by 2030

Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power Continue reading

Tencents 60,000% Runup Leads to One of the Biggest VC Payoffs Ever
March 26, 2018

  • Media giant to reduce its stake in Chinese game maker by 2%
  • Sale to reduce valuation gap of share price and Tencent stake

South African media company Naspers Ltd. is cashing in a sliver of one of the greatest venture-capital Continue reading

Uber Co-Founder Travis Kalanick Plans to Sell 29% of Stake
January 7, 2018

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge Continue reading

How Saudi Arabia Is Building Its $2 Trillion Fund
October 26, 2017

Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of sorts for the Public Investment Fund, which is central to the government’s effort to diversify the economy away from oil, under Continue reading

Former Uber CEO Names Two Directors Without Consulting Board
October 14, 2017

Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick named two new directors without consulting the company’s new leader or other existing board members, ratcheting up a Machiavellian battle for control of the world’s most valuable startup.

The former CEO Continue reading