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China's industrial dominance is driven by competitive local governments that act like venture capital firms, making it a continent-sized Silicon Valley (Works in Progress Magazine)

Works in Progress Magazine : China's industrial dominance is driven by competitive local governments that act like venture capital fi...

21 December 2023

Sources: Stripe's net revenue reached ~$1B in Q3 2023; the company generated $150M+ in operating income in Q3 and nearly $200M from January to September 2023 (Cory Weinberg/The Information)

Cory Weinberg / The Information:
Sources: Stripe's net revenue reached ~$1B in Q3 2023; the company generated $150M+ in operating income in Q3 and nearly $200M from January to September 2023  —  Payments giant Stripe, a bellwether of the startup world, kept a lid on spending for engineers and salespeople this year after business slowed in 2022.

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