In August 2025, Wang Lei decided it was finally time to say goodbye to his electric vehicle. Wang, who is 39, had bought the car in 2016, when EVs still felt experimental in Beijing. It was a compact Chinese brand. The subsidies were good, and the salesman talked about “supporting domestic innovation.” At the time,…
In an internal memo seen by TechCrunch, VSCO’s CEO Eric Wittman said the company’s consumer business had declined more than expected, and some of its new growth initiatives didn’t yield the expected results.