Bloomberg Companies that have seen their fortunes—and share prices—soar with the crypto-craze are now facing a little bit of a reality check. As Bitcoin slumped as much as 20 percent and Ripple tumbled as much as 33 percent, firms that touted their links to the burgeoning blockchain industry, including Riot Blockchain Inc., Overstock.com Inc. and DPW Holdings Inc., saw their ...

Bloomberg Tencent-backed Chinese startup Kuaishou is seeking to raise funds at about a $17 billion valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1 billion of financing, the people said, asking not to be identified discussing a private deal. The startup’s desired valuation would be almost six ...

Bloomberg SoftBank Group Corp.’s Vision Fund will invest 460 million euros ($560 million) in Auto1 Group GmbH, valuing the German used-car sales portal at about 2.9 billion euros. Auto1 will use the funds to introduce its service that helps private car owners sell their vehicles in new countries, expand a fintech venture that provides car dealerships with loans, and give ...