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America’s loss is China’s gain: Beijing is recruiting fired U.S. scientists

Fast Company Tech

China appears to be pursuing a calculated effort to recruit recently laid-off U.S. In March, advertisements offering full-cycle support for relocation to Shenzhen were placed on LinkedIn, Craigslist, and in several major international publications. I was alerted to one such newspaper ad through a friend in the city.)

China 93
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Tencent leads $100M Series B funding round into China-based esport provider VSPN

TechCrunch

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings.

China 108
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Intel’s funding threatened by Marco Rubio after ‘humiliating apologies’ to China

The Verge

Photo by Visual China Group via Getty Images/Visual China Group via Getty Images. US Senator Marco Rubio (R-FL) has threatened the government funding of chipmaker Intel after the company made what Rubio described as “humiliating apologies” to China.

China 78
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Gogoro will go public on Nasdaq after $2.35B SPAC deal

TechCrunch

Gogoro is going public. Assuming no redemptions, Gogoro anticipates making $550 million in proceeds, including an oversubscribed PIPE (private investment in public equity) of over $250 million and $345 million held in trust by Poema Global. Gogoro’s SPAC deal comes a few months after it announced major partnerships in China and India.

Public 101
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Edtech’s venture-backed globalization pauses at China

TechCrunch

are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.

China 99
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Chinese facial recognition unicorn Megvii prepares China IPO

TechCrunch

Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. China tech competition.

China 81
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Public tech’s espresso shot is quite literally the cloud

TechCrunch

Last week we said that you needed to pay attention to the public markets, and we weren’t kidding. Given China’s economic woes, cutting off that particular liquidity pipe might be risky. From there we went to Clearco layoffs , UiPath buying Re:infer and Oui’s first close of its new fund. The key gist?

Public 99