Hints and tips:
...General Catalyst eventually decided to invest, too, handing over $30mn in 2019....
...Job moves Microsoft has hired Mustafa Suleyman, the co-founder of Google’s DeepMind and chief executive of artificial intelligence start-up Inflection, to run a new consumer AI unit....
...Job moves General Atlantic has named Martín Escobari, chair of its Latin American operations, as head of its growth equity business and its Emea head Gabriel Caillaux as the new leader of its climate investment...
...I’m Claer Barrett, the FT’s slightly hoarse consumer editor. [MUSIC PLAYING] With a general election around the corner....
...Later, Li co-founded the Asian American Foundation, raising $1.1bn to counter an outpouring of anti-Asian racism in the wake of the pandemic....
...Funds focused on greater China only raised $25bn in 2022, a 77 per cent fall on the year before, a Bain & Co report found. Dealmakers have also scaled back their efforts....
...There’s a special discount link in the show notes, alongside a link to a deal on an FT subscription. I have finagled our listeners one of the best discounts out there....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Squeezing costs to lower prices for consumers was Walton’s definition of purpose....
...“It’s a fabric that’s grown in a factory,” says general manager Takuya Kinami, but it’s not synthetic and is free of petrochemicals and animal products....
...A day earlier Walmart, long-regarded as a bellwether of the American consumer, warned of higher wages, a jump in fuel costs and softness in general merchandise sales at its US businesses as consumers cut...
...Latest news US deputy treasury secretary to travel to Europe next week to discuss stepping up sanctions against Russia (Reuters) American Express boosts revenue forecast on strong consumer spending Retail...
...He originally worked with Rocket Internet as the co-founder of Singapore’s ecommerce company Zalora Group in 2012....
...And as a newsletter subscriber, you can claim a 50 per cent discount on your pass using promo code FTNewslettersxFTWF22....
...American-led inflation and commodity super price cycle....
...Last month, it became the company’s controlling shareholder after it acquired shares that were previously held by Luckin’s co-founders....
...Goldman Sachs and JPMorgan are acting as joint global co-ordinators....
...“But the world is not co-operating with that wish.”...
...And the general, Joaquim Silva e Luna, has proved a steady pair of hands. Bryan Harris 9....
...Design-conscious consumers pay top dollar to stay on trend, driving up prices....
...‘Alabama discount’ The pandemic has seen Amazon go from strength to strength, as housebound consumers have become reliant on its deliveries, including some medical supplies....
...The V-shaped recovery has not materialised for economies in general, but it has for trade, where a rebound in manufacturing and high demand for consumer durables has led to a sharp recovery....
...To capture what they believe is a huge discount between where SoftBank trades and the value of its holdings. The other benefit of going private?...
...Meanwhile, head of US consumer operations Anand Selva has been promoted to global chief of Citi’s consumer bank, a position currently held by the bank’s soon-to-be chief executive Jane Fraser....
...Coronavirus digest The US needs direct cash payments through this crisis and the next, writes Facebook co-founder Chris Hughes....
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