Venture capital investment in U.S. startups led by Black founders quadrupled to $1.8 billion in the first half of the year, according to research firm Crunchbase . The uptick follows a particularly abysmal year for investment in minority entrepreneurs. Total capital raised by Black-founded startups reached just $1 billion in all of 2020. The growth in funding, while impressive, still pales in...
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Chinese Government Invested in the Same Tech Companies It’s Now Attacking
A month ago, China’s top internet regulator launched a cybersecurity probe into Chinese truck-hailing company Full Truck Alliance, causing its share price to plunge less than two weeks after its initial public offering on the New York Stock Exchange. Yet the same internet regulator controls an investment fund that owns shares in the company. Full Truck isn’t the only one in this...
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