now-valued Archives - Elite Sites

China state fund CIC invests in taxi app Didi Kuaidi: source

August 3, 2015 publisher china, citywide-jobs, matter, media, not-authorized, now-valued, person-said, queens, recent-months, said-on-tuesday, source-did, startup, technologies, the-matter

China's sovereign wealth fund has invested an unspecified amount in Didi Kuaidi, China's dominant ride-hailing app which is competing against U.S. firm Uber Technologies, a person with knowledge of the matter said on Tuesday. The person said China Investment Corp (CIC) was one of several investors that injected more than $2 billion in recent months into the startup, which is now valued at $15 billion.

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Yelp needs help, and buyout may be the answer

July 29, 2015 creative billion-times, bloomington, boost-its, consumer-review, facebook, francisco-based, now-valued, officer-sheryl, offices, police, social, suburban, their-offices

Yelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter that was far below expectations. As of Tuesday's close, Yelp – now valued at about $1.8 billion – had already lost 39 percent of its value this year. Unless Yelp can come up with a strategy to boost its financial performance, the San Francisco-based company should consider selling itself, several analysts said.