China launched its first rocket from a new commercial space site on Saturday night as the country attempts to expand its presence in a business currently led by Elon Musk’s SpaceX. The rocket successfully placed two experimental satellites into orbit, China Central Television reported. Source link
WASHINGTON (TNND) — A top U.S. official is warning of a major increase in foreign spies trying to steal American information. The nation’s Chief Counterintelligence Officer Mike Casey said an increasing number of these spies are trying to secretly infiltrate U.S. tech companies. Bill Rials, an expert in information technology said this warning by Casey…
It’s been a rocky few years for China’s tech sector. The fallout from a government crackdown kneecapped a generation of industry giants and startups alike, and broader macroeconomic headwinds have dampened consumer spending. But against this gloomy backdrop, Xiaohongshu has defied the odds. The fastest-growing social media platform in China saw quarterly sales top $1…
In the bygone days, there were no “enterprises” in Hong Kong. Only small firms, street corner shops, and home handicraft-makers dotted our backwater hometown. But in this tiny place with no natural resources, the “entrepreneurial spirit” of Hong Kong people blossomed everywhere, creating the miracle of the Pearl of the Orient that is now home…
To most Western observers, it would appear that China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have shrunk…
To most Western observers, it would appear that China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent…
Wall Street rejoiced over this week’s interest rate cuts, but there’s another investor class that was just as enthusiastic: venture capitalists. The tech correction of the last couple of years has left many startup investors longing for the Federal Reserve’s bygone zero interest rate policy, or ZIRP, which helped fuel the industry’s boom in 2021…
The number of new companies that are started in China annually has collapsed as fundraising by Chinese venture capital firms has similarly imploded. A recent Financial Times report described a dire Chinese startup landscape, with founders, investors, and VCs offering bleak comments on condition of anonymity. “The whole industry has just died before our eyes,”…
The paper fortune that former President Donald Trump amassed by taking a nascent media startup public is shriveling, and a race to the exits that begins as soon as Sept. 19 could shrink it even more. Trump Media & Technology Group Corp., which owns the X-lookalike social media platform Truth Social, has shed nearly $6…