Autonomous driving technology startup Pony.ai, which operates in both China and the U.S., has shelved its plans to go public in the U.S. through a special purpose acquisition company, Reuters reported. Pony.ai is one of many Chinese tech startups that have put on hold their U.S. listing plans after the Chinese government in early July issued draft new rules proposing mandatory cybersecurity...
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Self-Driving Startup Pony.ai Shelves SPAC Merger Plan Amid China’s Crackdown
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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