Two veteran China startup founders are planing to start a new ride hailing app using blockchain technology. Chen Weixing is a co-founder of ride hailing app Kuadi that was later merged with Didi Chuxing. His partner in the new venture is Yang Jun, a co-founder of consumer services marketplace Meituan. Details are scant, but crypto-anything in China is hot among China’s investors. And these two...
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Ugly Quarter for Crypto and Tech Stocks Ends; No Joy for Ron Johnson
Tonight we’re closing the books on the second quarter of 2022, a period no one is likely to mourn. The stock market’s slide turned into a collapse. Bitcoin prices tumbled off a cliff. Layoffs took off. SPAC mergers fell apart. And even the lively business news event that started the quarter, Elon Musk’s investment in and subsequent bid for Twitter, turned into a quagmire of uncertainty.As if to...
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