Industry News Update – Week of 7/23/2018:

Sonos announced plans to sell 13.9 million shares at a price range of $17 to $19 in its upcoming IPO.

Buzzfeed launched a new site for its serious news content called www.buzzfeednews.com to separate its actual news stories from the rest of its content.

Didi Chuxing received a $500 million investment from Booking Holdings as part of its partnership to promote their respective services within each other’s platforms.

Eventbrite has filed documents for its upcoming IPO.

Farfetch acquired CuriosityChina, a Chinese digital marketing agency, to more effectively sell its brands on WeChat.

Kabbage hired Scott Rosenberg as its chief financial officer. Rosenberg previously was the CFO of Purchasing Power, GSI Commerce, Inc (an eBay company), J. Crew Group and Lenox.

Slack acquired Missions, a software that creates custom workflows, to allow its non-tech users to automate workflows.

Zoox's valuation increased to $3.2 billion after the company raised $500 million.

The news articles and links presented below are available for your reference.

BUZZFEED

"BuzzFeed Launches a New Website For its Real Journalism"

DIDI CHUXING

"Booking Holdings to Invest $500 Million in China's DiDi Chuxing Ride-sharing app"

EVENTBRITE

"Eventbrite Files Confidentially for IPO"

FARFETCH

“Farfetch Buys China Agency to Bring Luxury Brands to WeChat"

KABBAGE

"Kabbage Announces Appointments of Scott Rosenberg as CFO and Laurie Simon Hodrick as Independent Director of its Board"

SLACK

“Slack Just Acquired Its 3rd Company In a Quest to Broaden Its Product"

SONOS

“Sonos Sets IPO Terms, to Offer 13.9 Million Shares Priced at $17 to $19 Each"

ZOOX

“Self-driving Car Startup Zoox is Raising $500 Million at a $3.2 Billion Valuation"