BAI Capital targets China’s globalizing startups with fresh $700M fund

BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas. The announcement follows on the heels of the closing of several other big-ticket funds, quelling speculation that…

Seedstars launches second fund to invest in 100 startups in emerging markets

Seedstars’ portfolio founders Since its launch nine years ago, Seedstars has invested in 81 companies in over 30 emerging countries. Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. The…

Students in Florida’s largest school district have been left without a sex-ed curriculum after a school board rejected new textbooks on the subject

The Miami-Dade County school board voted 5-4 to ax its new sexual education textbooks, which were approved three months ago. Stella via Getty Images The Miami-Dade County school board has voted to ax its new sexual education textbooks. The board voted 5-4 in favor of not adopting the textbooks, which it had earlier approved.The decision was…

The head of Frankfurt Airport says the travel chaos is partially because so many people travel with black suitcases

Unclaimed luggage piles up at London Heathrow Airport on July 8, 2022. Paul Ellis/AFP via Getty Images The head of Frankfurt Airport said ubiquitous black suitcases are contributing to luggage chaos. He advises passengers to use suitcases that are easy to identify. The aviation sector is dealing with a messy summer travel season with chaos…