In Q2 2018, Global VC Scales Tipped In Favor Of Chinese Startups Over American
&gt;&gt;&gt;In early June, news broke that Ant Financial, an electronic payments service company affiliated with Alibaba, had raised a staggering $14 billion in what’s technically a Series C round. To date, it’s the largest venture funding round in history. Led by Temasek Holdings and GIC (a Singaporean sovereign wealth fund), the round reportedly values Ant Financial at $150 billion. For perspective, that’s roughly twice Uber’s valuation and within spitting distance of Amazon founder Jeff Bezos’s current net worth.<p>Hmmmm, just shows how little I understand about evaluation and&#x2F;or VC because this seems crazy to me.