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This week it was reported that Wynn-Williams also filed a whistleblower complaint to the Securities and Exchange Commission (SEC) in April, alleging that Facebook (now Meta) misled investors about its efforts to enter China. Specifically, Meta alleges that Wynn-Williams violated the non-disparagement agreement she signed as an employee.
Apple has removed Pocket Casts , the popular iOS and Android podcast client, from the App Store in China. The Cyberspace Administration of China has determined that it can be used to access content deemed illegal in the country, and has demanded that Apple remove the app as a result. Pocket Casts for iOS.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
Speaking at the Reagan National Defense Forum in Simi Valley, California, on Saturday (via BNN Bloomberg), Raimondo said her department needed more funding to address China's "rapidly growing" semiconductor markets to deny the country the most cutting-edge technology from the US. Read Entire Article
Since Musks political engagements, including his role in the Department of Government Efficiency (DOGE) in the United States and his support of the far-right party Alternative for Germany (AfD) in the EU, Tesla sales have slumped in several markets. It could be enough to make many in China opt for a BYD over a Tesla.
The Exchange spent a little time on Friday ruminating on the impact of then-rumored regulation in China targeting its edtech sector. News that the Chinese government intended to crack down further on the education technology market hit shares of public, China-based edtech companies. It was a mess. But there’s more.
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.
TechCrunch held events in China as recently as 2019 , following several years of hosting conferences in the country’s hardware capital, Shenzhen. In the wake of today’s news, TechCrunch.com is no longer available for regular access in China. The Exchange explores startups, markets and money. How quickly things change.
India’s Ministry of Electronics and Information Technology has banned TikTok, WeChat, and several dozen other China-based apps it views as “engaged in activities. India is a huge market for TikTok, which is owned by Chinese company ByteDance. prejudicial to sovereignty and integrity of India,” according to a press release.
The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. The Exchange explores startups, markets and money. Uncertain regulations, per Reuters. Gaming is also in the CCP crosshairs.
Kommersant business daily (via Tom's Hardware), citing sources close to Russia's Ministry of Digital Development and in the electronics market, writes that the Chinese government has banned the supply of Loongson processors based on its own LoongArch architecture to the Russian Federation and other countries.
While still small at 5%, Chinas share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. There are fewer design barriers, unique features, or proprietary breakthroughs required, and as such it is a highly price volatile market. trillion won.
As China looks to reignite growth, what role will its technology industry play? Is there enough capital flowing to support a new generation of tech startups that could keep China competitive? The Exchange explores startups, markets and money. Other factors played into China’s slowing economic growth.
LGBTQ dating app Grindr has been removed from the Apple App Store in China, and is also unavailable on popular Android app marketplaces, Bloomberg reports. The tightening of restrictions comes ahead of China hosting the Winter Olympics in Beijing, which are due to kick off later this week. Illustration by Alex Castro / The Verge.
This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. Ant would have sported a possible market valuation of more than $300 billion at its IPO price. billion in its dual-listing share sale.
We propose that governments should systematically support funding for their diaspora founders, not just founders locally. Our proposal is that many governments that are not major tech hubs (i.e., China, Israel and India) should stop restricting themselves to supporting locally domiciled VC funds.
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.
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 accounts for a quarter of Intel’s global revenue. Intel has issued an apology to partners and customers in China after it told local suppliers it would not be using labor or goods sourced from the country’s Xinjiang region. This normally-procedural note caused a backlash in China.
IPO is one of several key moments of the recent regulatory shift inside China regarding its leading technology companies. The other is Ant’s IPO that never happened , pulled in the wake of criticisms of the Chinese government’s handling of newer technologies by the previously prominent Alibaba founder Jack Ma.
China is a key market for Tesla. Tesla says it’s established a data center in China to store and process information produced by its vehicles locally. All data generated from the sales of vehicles in the Chinese mainland market will be stored in China.”. Photo by NOEL CELIS/AFP via Getty Images.
This is Equity Monday Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. Shares of the company are sharply lower in pre-marketing trading here in the United States.
China has hit Alibaba, one of the country’s biggest online retailers, with a record $2.8 billion yuan) fine, after an investigation found the ecommerce giant violated China’s anti-monopoly law, The New York Times reported. Photo by Fang Dongxu/VCG via Getty Images. billion (18.2
As financial troubles escalate at Danke, China’s authorities are stepping in to hold the once-promising apartment rental and sharing company accountable. When the COVID-19 pandemic hit, China’s rental market cooled, putting stress on Danke’s funding vehicle. when it went public in January.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. China may break up Ant , keeping the pace of its regulatory deluge going as this week starts. I also tweet.
Electric scooter company Gogoro continues to expand outside its home country of Taiwan in a big way, as it just announced new partnerships with a pair of China’s leading two-wheel manufacturers. But while Gogoro will be working with Hero to essentially create the market for electric scooters in India, China presents the opposite opportunity.
Apple’s new Private Relay feature, which is designed to obscure users’ browsing data and protect their privacy, won’t be available in China, Reuters reports. The move is the latest concession Apple has made in order to offer its services in China, a market which Reuters notes accounts for almost 15 percent of its revenue.
In 2024, smartphone shipments in mainland China reached 285 million units, a year-on-year growth of 4%, according to market analyst firm Canalys. Vivo led the annual market with a 17% share and shipments of 49.3 million units, while Huawei ranked second with a 16% share and 46 million units shipped. Canalys , in Chinese]
This week, the European Union sent Commissioner Thierry Breton to Tokyo for a high-profile meeting with the Japanese government. The EU's Commissioner for Internal Market met with both government officials and representatives from private companies, discussing advanced technology such as semiconductors and supply chain issues.
News that China’s government may force domestic tutoring-focused companies to go nonprofit is taking a huge bite out of the value of several technology companies. billion market cap for TAL ahead of its impending declines at the market open, billions of equity value are about to get deleted.
The Netherlands announced an expansion of export controls on chip-making machines last Friday, prompting China’s Ministry of Commerce to express dissatisfaction with the move. 6, the Dutch government said it would expand export licensing requirements for ASML’s 1970i and 1980i DUV (deep ultraviolet) immersion lithography tools.
Airbnb’s chief trust officer Sean Joyce left the company after just six months in 2019 because the former FBI deputy director took issue with the company’s data sharing practices in China, according to a report in The Wall Street Journal. He feared it could allow the Chinese government to track foreign visitors and its own citizens.
The Chinese government took on entire industries like edtech while also coming down on individual companies (Tencent, Meituan) in a broad effort to change the country’s technology landscape. The NASDAQ Golden Dragon China Index , for example, which tracks U.S.-listed The Exchange explores startups, markets and money.
Silk EV announced on Tuesday that it will co-develop an “ultra-luxury hypercar” called the S9 in the home region of Lamborghini and Ferrari with First Automobile Works (FAW), China’s original state-owned automaker. And in some places, like Djibouti, China is attempting to do nearly all of the above.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. It’s a pretty important cycle.
China’s autonomous vehicle industry first started seeing some traction around 2016, when a bunch of ambitious startups mushroomed following advances in lidar, computing and machine learning. Regardless, these founders’ ambitions kept them on the path, and the industry is finally seeing a resurgence in China.
Starting April 1st, users setting up a new iPhone in Russia will see a screen that allows them to automatically install apps that are officially sanctioned by the Russian government, in compliance with Russian law ( via Engadget ).
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
This time the market is China, where Gogoro’s technology, including its swappable smart batteries, will be used in scooters made by Dachangjiang Group (DCJ), one of the country’s biggest motorcycle makers, and Yadea , one of it top electric two-wheel companies. Vehicle availability and pricing will be announced later.
Toyotas first wholly-owned electric Lexus plant in China could be larger than Teslas Shanghai Gigafactory, according to since-deleted publicly available documents shared by a Chinese blogger, revealing significant details on the latest investment in China by the worlds biggest automaker.
I say series of events because virtually every region in the semiconductor ecosystem gets one Semicon China, Semicon Europa, Semicon India, Semicon SEA, Semicon Japan, Semicon Korea, Semicon West (USA), and of course Semicon Taiwan, all throughout the year. I have been attending Semicon China and Semicon Taiwan for several years.
Apple will use Alibaba's generative AI to power artificial intelligence features for iPhones meant for sale in the Chinese market. Joe Tsai, Alibaba Group's Chairman, has confirmed the companies' partnership at the World Governments Summit in Dubai.
In the wake of the scuttling of Ant Group’s IPO , the Chinese government has gone on a regulatory offensive against a host of technology companies. The result of the government fusillade against some of the best-known companies in China was falling share prices. The Exchange explores startups, markets and money.
Before you hire a marketing consultant who doesn’t understand your products or commit to a CMO who has several years of experience — but none in your sector — consider influencer marketing. According to Uber growth marketing manager Jonathan Martinez: “ … You don’t need to find influencers with millions of followers.
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