China is planning to ban companies from going public on foreign stock markets through variable interest entities — Bloomberg reported Wednesday, citing people familiar with the matter — closing a loophole long used by the country’s technology industr…
With $3B expected in 2021, Singapore is becoming a fintech capital
Despite its small size (less than 5 million total population), Singapore is quickly reaching investment levels of countries many times its size.
Second-hand car auction platform Motorway hits Unicorn status after $190M raise with Index, ICONIQ
It was only in June that Motorway – a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale – raised $67.7 million in a Series B round. It’s now raised a $190m Series C funding round led by Index Ventures and ICONIQ Growth, a leading Silicon […]
China Looks To Set Up Digital Asset Bourse in Virtual Yuan Push
China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies. From a report: Beijing will explore the possibility of establishing a bourse for digital asse…
China’s New Privacy Law Leaves US Behind
While China’s sweeping new data privacy laws have left tech companies confused about how to comply, they also put the U.S. even further behind in the global race to set digital standards. From a report: China enacted its Personal Information Privacy La…
Peng Shuai backlash leaves IOC facing familiar criticism over human rights
Analysis: Olympic committee is accused of engaging in a ‘publicity stunt’ by taking part in video callAs human rights organisations and the world’s media questioned the whereabouts of the Chinese tennis player Peng Shuai, the International Olympic Comm…
A ‘techlash’ with Chinese characteristics
This is the second in a pair of articles comparing the impact of the U.S. and Chinese tech crackdowns. In this piece, we examine how China’s “techlash” is driven by domestic politics.
Prove to us Peng Shuai is safe, UK urges China
Government calls on officials to provide evidence of the tennis player’s whereaboutsThe UK government has joined the mounting chorus of concern over the apparent disappearance of tennis star Peng Shuai, urging the Chinese authorities to offer “verifiab…
#WhereIsPengShuai
Tennis star Peng Shuai has not made a public appearance since she accused Zhang Gaoli, a former Chinese vice premier, of sexual assault, sparking off discussions of #MeToo allegations. While the post was removed within minutes, the attention surroundin…
China and US tech crackdowns set the stage for the next phase of competition
This is the first in a pair of articles comparing the impact of the U.S. and Chinese tech crackdowns. This piece considers the geopolitical consequences of each country’s respective approaches.