President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
While some Silicon Valley CEOs may still covet the "unicorn" label, for others, it's become a dirty word.
"I even told our employees don't use that word at all — it doesn't matter," Eric Yuan, CEO of Zoom told CNBC.
Still, Zoom — whose video conferencing software competes with products from public enterprise giants like Microsoft and Cisco — officially joined that coveted club on this week. On Tuesday, the company announced it had raised $100 million in venture capital funding in a Series D round round led by Sequoia Capital at a post-money valuation of $1 billion.
Yuan told staff to stay focused on customers and not get distracted by the company's new label.
"Even if you're a unicorn for many years, if customers don't like your product, very soon you become nothing," he said.
Right now, customers do seem to like Zoom's product — the company grew revenue 300 percent between 2015 and 2016, is cash-flow positive and still has $30 million the the bank from its Series C funding round, he said. It counts IBM and Walls Fargo among its customers.
It's an enviable position to be in as 2016 was arguably not a great year in unicorn land.
In 2016, seven unicorns had their valuations lowered in so-called down-rounds or exits, according to CB Insights data. They included furniture retailer Home24, whose valuation fell below $1 billion and slipped entirely off CB Insights unicorn list, as well as on-demand food delivery service Hello Fresh, troubled human resources site Zenefits and fitness tracker maker Jawbone.