Congrats to Databricks for closing $1.6B Series H
funding led by Morgan Stanley with participation from us - Race Capital!
My partner Alfred first met Ion Stoica and Ali Ghodsi in 2013 while they were still working on the idea of Spark - data analytics in the cloud. Alfred was so impressed by their vision and ambition that he became an early angel and believes that cloud-based services of all kinds are getting a boost as the Covid-19 pandemic has pushed many businesses to improve their data and information technology infrastructure.
DeFi, short for decentralized finance, has exploded over the past 12 months with total value locked (TVL) growing from $2 billion to $150 billion in May of 2021. Defi uses blockchain technology to execute financial services without an intermediary. Race Capital really like this space and my partner Chris wrote this DeFi Infrastructure 101
Partnering with SCMP, my fourth annual China Internet Report is finally out! Published annually, the report covers the biggest trends in China tech for the last year, including deep dives on the impact of Beijing’s tech crackdown, changing demographics and more on the biggest digital sectors: 5G, artificial intelligence, blockchain, e-commerce and fintech are all covered, among others. Click to download here
Here are the top mobile news this week >
- Apple vs Epic - omg
- Facebook on your face
- China - Slow down gaming app approval
- 2021 Mobile Shopping Apps Report
- Do App Store Rules Matter?