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The memoir paints a grossly unflattering picture of the tech giant, including allegations of sexual harassment and claims that Facebook ignored internal concerns about its impact on democracy and human rights. Specifically, Meta alleges that Wynn-Williams violated the non-disparagement agreement she signed as an employee.
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. As the tit-for-tat tech conflict between the U.S. drop today.
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.
Yesterday, the Wall Street Journal reported that Beijing had ordered officials at central government agencies not to use iPhones or other foreign-branded devices for work or bring them into the office. The decision is part of the country's move away from its reliance on foreign tech and to enhance its. Read Entire Article
As the trade war between China and the US rages on, the Chinese government is doing everything in its power to prop up the local tech industry. Flagship chinese companies like Huawei no longer get access to American silicon or the software required for their products.
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. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. The effort doesn’t appear to have worked.
Most analysts expect China's leading tech companies will soon post their worst-ever quarterly results after being hammered by regulatory crackdowns and lockdown-related factory output issues.
Following news this week that the US could tighten its sanctions on tech exports to China, the Department Bureau of Industry and Security (BIS) has now updated its list of export controls on semiconductor manufacturing items and advanced chips. Read Entire Article
With the trade war between the US and China raging on, the latter country is working hard to reduce its dependence on American chips and intellectual property related to semiconductors. Last year, the Chinese government poured no less than $29 billion into local tech companies to accelerate the development of.
We are brainstorming a new solution to a widespread challenge in many countries: How to develop a self-sustaining, independent local tech ecosystem. We propose that governments should systematically support funding for their diaspora founders, not just founders locally. Many countries’ governments (Canada, France, etc.)
According to new rumors coming from Washington, the US Government is ready to further increase its pressure on China's high-tech industry. The US Commerce Department is seemingly preparing new, high-profile additions to its infamous Entity List, making the companies involved unable to obtain US-made technology and components.
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.
The US government is increasing its pressure on American tech companies to curb exports of advanced computing technologies to China. Read Entire Article
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. Chinatech competition.
And, in many of these places, we’re helping the activists avoid censorship and surveillance by the government. Because, if we make software that promises to keep your life or death sensitive information secret to the best of our abilities, we won’t build a back door in for Syria, or China, or the U.S. government or even (heavens!)
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. per share.
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 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.
With TikTok and DeepSeek , young people are forking over sensitive personal data to the Chinese government. Among Gen Z, theres a certain nihilism about Chinas access to American data. Others say that, if American billionaires can access their data, why not let China, too? government. government.
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.
Eleven entities in China and one in Taiwan face trade restrictions over the development of AI chips and supercomputers for military-affiliated end users.
A major Chinese supplier of consumer electronics components, Lens Technology, has been accused of using forced Uighur labor workers from the predominantly Muslim region of Xinjiang, China, according to a report from the Tech Transparency Project (TTP) shared with The Verge.
WritePath make the process faster and scalable by combining its AI tech with human translators. The Taipei-based startup’s clients include Foxconn, ASUS, China Airline, the Taiwan Stock Exchange and Taiwan Mobile. The company’s platform combines tech like Warren, its in-house machine translation engine, with human translators.
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.
But Nio also recently finalized a crucially-timed $1 billion bailout from a local government in China, and the price the company had to pay to survive is becoming increasingly apparent. Nio has committed its “core assets” to this new China-only subsidiary. And the final backstop is the government,” Dunne says.
Last year , the French government and the government-backed initiative La French Tech unveiled an index of French startups so that it would be easier to identify them. Here’s a list of the 40 private companies in this year’s Next40: Image Credits: La French Tech. Now, the government is working on refreshing the index.
A group of 200 startup founders, investors, associations and government members are backing a manifesto and a set of recommendations in order to create the next wave of tech giants in Europe. or in China. Some countries already have a tech worker visa. The third topic revolves around Deep Tech startups.
The Chinese government announced it has started an antitrust investigation into Alibaba, the country's largest tech company, which extends to sister company of Ant Group that was recently targeting an IPO at a valuation of $37 billion.
Over those three years, Nonprofit Tech for Good and PIR trained more than 60,000 NPO and NGO staff worldwide! 67% of internet users live in countries where criticism of the government, military, or ruling family are subject to censorship. 1 in 3 use WeChat Pay in China. You can view the webinar archive on SlideShare.
billion ($386 million) cash infusion from two investment firms controlled by the local governments of eastern Chinas Anhui province and its capital city Hefei, where the Chinese electric vehicle maker operates its manufacturing plants, according to public information. a China-based subsidiary of Nio Inc., increased from RMB 16.4
Despite the ongoing technological decoupling between China and the West, both sides are converging to discuss the threat that runaway artificial intelligence may pose to humanity. Wu Zhaohui, China’s vice minister of Science and Technology, has led a delegation to attend the landmark AI safety summit organized by the U.K.
Back in 2021, the tech industry was booming. Fueled by generous government subsidies and the pandemic economy , tech companies went on a hiring spree, promising unlimited time off and upward growth opportunities at open offices where kombucha and cold brew flowed from taps. Flash forward to now, and those taps have run dry.
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.
Whenever I visit the US, one question mobile entrepreneurs always ask me is ‘How can my startup break into China?’. The biggest mistake most US entrepreneurs make right off the bat is in thinking of China as one market. The biggest mistake most US entrepreneurs make right off the bat is in thinking of China as one market.
In an interview with Wired, Schmidt, who in 2016 became a founding member of the government's Defense Innovation Board, talked about upgrading the US military with the most cutting-edge tech to take on China. Read Entire Article
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. It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo.
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 sum of the financial damage is easy to understand.
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? Other factors played into China’s slowing economic growth. Can China’s venture capital market help it reignite growth?
Slowly but surely, however, we have a quietly emerging ‘ecosystem’ (as it is often called in tech lingo). So is the Dutch tech startup story sold short? But hedonistic pleasures aside, The Netherlands actually has a great foundation for tech entrepreneurship. Not in my view. A top-notch infrastructure.
Shares of Chinese technology companies are selling off at home and abroad this week as the nation’s ties to Russia add to investor uncertainty at the expense of China’s tech industry. On the historical declines point, the NASDAQ Golden Dragon China Index tracks the value of U.S.-listed
The move comes amid a larger reset of relations between China’s burgeoning technology sector and its autocratic government. China is not the only nation grappling with its technology sector; India has made consistent noise in recent months regarding tech firms inside its borders, for example.
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.
China’s technology industry. Since the Ant IPO was pulled and the Chinese Communist Party executed off a flat-wild period of regulatory action in 2021, you have probably heard less about China’s technology. China’s government decided that such companies had too much influence, and thus needed to be cut down to size.
And this weekend, Twitter began to conform with new regulations in India , moves that come after it lost some legal protections during a scrap with the Indian government. And the IPO market is pretty freaking active; poor earnings from major tech companies could crimp exit-prices for mature startups. Talk to you on Wednesday!
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