Archive for February, 2018

Sea President Nick Nash is leaving to start his own Asia-focused investment fund

 Nick Nash is leaving his role as group president of Sea, the Singapore-based games and e-commerce company that went public in the U.S. last year, to start his own startup fund. Sea announced that Nash will exit the company at the end of 2018, giving it plenty of time to transition and find a replacement. In the meantime, TechCrunch understands that Nash will begin fundraising with a view to… Read More

Baidu’s video business iQiyi to raise up to $1.5B in US IPO

 Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read More