SoftBank cuts Chinese deals - Robinhood's new $140M buy - The rich keep borrowing

SoftBank cuts Chinese deals - Robinhood's new $140M buy - The rich keep borrowing
Alessandro Di Ciommo/NurPhoto via Getty Images

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SoftBank to cut investments in Chinese startups


Amid Beijing's ongoing crackdown on the private sector, SoftBank's founder Masayoshi Son said the company will cut investments in Chinese startups pending further regulatory clarity. Here's what we know so far.

Robinhood plans to acquire Say Technologies for $140 million

Robinhood announced the deal with Say Technologies, a startup focused on increasing proxy voting, as meme stocks struggle to get participation from retail investors. We explain what proxy voting is - and why it's taken center stage in recent months.

Rich people are taking out more loans they don't need


Loan growth has slowed at Wall Street's biggest banks, except among the clients that need them least: America's rich. We spoke with bank execs and analysts to understand why this trend will outlast low interest rates and Biden's tax plans.

Brex just hired a Goldman Sachs alum

Fintechs are increasingly poaching Wall Street talent, and Brex is the latest to do so. The San Francisco-based company just hired Kome Emuh, a former Goldman Sachs VP, as its chief of staff for engineering. More on that here.


How to get a job in private equity

Private equity remains one of the most competitive jobs on Wall Street. The high-risk, high-reward world of PE is an attractive option for young bankers and recent grads - and has only gotten more cutthroat over the past year. From the recruiting timeline to interview tips, here's how to land a job at firms like Blackrock and KKR.

How Tiger Global's unique fundraising approach lands it so many deals


Rahul Vohra, the cofounder and CEO of email startup Superhuman, raised $75 million for his company, with IVP leading the round and Tiger Global also participating. He explains the differences between the two, and how Tiger's approach makes it so successful.

Why Sequoia and others bet $40 million on BitClout

BitClout, a platform that lets people buy crypto coins attached to social-media stars, was both a sensation and a controversy when it launched this year. As people debated whether it really was the future of crypto, its anonymous founder secured at least $40 million in investment from firms like Andreessen Horowitz and Sequoia Capital. Here's why VCs gambled on BitClout.

Wells Fargo Strategic Capital poached a Credit Suisse investor


Wells Fargo Strategic Capital, the bank's principal investing division, has hired Credit Suisse's Inessa Even to help oversee capital markets and wealth management tech investments. More on her new role.

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