Top news of the week: 18.11.2022.
China’s chip executives brace for winter as US sanctions push country’s semiconductor industry to the brink of desperation
China’s semiconductor industry was once galvanised into action by US sanctions, but tighter restrictions on top of an industry downturn could push some chip-related firms into bankruptcy.
Hillhouse Capital Caught in Rumors of Layoffs and Withdrawal From Chinese Market
Investment institution Hillhouse Capital that once backed ByteDance, JD.com and Tencent is now shrouded in controversy and worries due to challenges in the secondary market and rumors of ...
The dilemma of Chinese startups going global
One day in 2020, I published an article about a Chinese hardware maker which would have otherwise been a typical funding story. Instead, I got a complaint from its PR asking me to remove ...
BYD scraps spin-off of chip unit, citing new investment and restructuring to tap electric vehicle market
BYD said it had scrapped the plan because it is considering additional investment to ramp up capacity of a foundry project in Jinan.
Hong Kong’s time to step up as fallout from crash of crypto exchange FTX rattles cryptocurrency market, Animoca’s Yat Siu says
The collapse of crypto exchange FTX is expected to strengthen Hong Kong’s resolve to build a strong regulatory infrastructure for its digital-assets industry.
This Week in Apps: Twitter’s crazy week drives social apps’ growth, Google expands user choice billing
This Week in Apps offers a way to keep up with the world of apps, including news, updates, startup fundings, mergers and acquisitions, and much more.
In a tech downturn, breakout stars of venture capital are going abroad to hunt for funding. Here's why.
Investors of newly formed venture-capital funds have a fundraising hack: Go abroad. The strategy could catch on as limited partners at home pull back.
Automated Driving Startup HoloMatic Secures C2 Round of Financing
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and ...