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Airbnb poaches another Amazon exec to be its CFO

Tuesday, November 27, 2018, 7:49 AM

Airbnb Inc. hired a longtime Amazon.com Inc. executive to fill its chief financial officer position, a post that's been vacant most of this year and will be key in preparations for the startup's anticipated initial public offering. Airbnb has been without a CFO since February, when Laurence Tosi departed amid tensions and a shakeup in the senior ranks.
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Airbnb wants to give its hosts equity in its business

Monday, September 24, 2018, 1:12 PM

Airbnb is planning to give equity stake to its hosts on the platform and has asked the US Securities and Exchange Commission (SEC) to make it legal. "Airbnb believes that twenty-first-century companies are most successful when the interests of all stakeholders are aligned," the company said. Currently, private companies like Airbnb can only give equity to investors and employees.
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China's Hillhouse Capital raises $10.6 billion in latest round

Thursday, September 20, 2018, 12:51 PM

Hillhouse Capital, a Chinese investment company which backs firms like Tencent, Baidu, and Airbnb has raised $10.6 billion for a new fund, making it Asia's biggest private equity capital raising. The fund plans to invest in healthcare, consumer, technology, and services sectors. The new funding surpassed KKR & Co which raised $9.3 billion in the biggest fundraiser of 2017.

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