Tsinghua Unigroup Chairman Zhao Weiguo’s case has been handed over to prosecutors, the latest example of high-profile corruption allegations in China’s $100 billion chip effort.
The round shows how the sudden failure of Silicon Valley Bank snarled the network of relationships between tech startups and the financial institution.
The U.S. Department of Justice is looking into how TikTok was used to track journalists from the Financial Times and Buzzfeed who broke stories about the popular app.
Nishad Singh, Gary Wang and Caroline Ellison have all pleaded guilty to federal fraud charges related to the FTX collapse, and Bankman-Fried is awaiting trial.
More pressure from the White House puts ByteDance in a tough spot as China's government could oppose the idea of selling TikTok to a non-Chinese buyer.