Bloomberg Business

Bezos-Backed Startup Convoy Prepares for Sale, Slashes Jobs

Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, will slash hundreds of jobs in the coming days as it prepares to woo prospective buyers, according to a person familiar with the matter.

Asia’s Small Homes, Decluttering Drive Self-Storage Investments

Expensive rents for small homes, increasing affluence and work-from-home practices in Asia have fueled demand for self-storage and piqued investor interest in the nascent sector, attracting capital from global private equity firms to pension funds.

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