Self-driving semitruck developer Embark Trucks filed paperwork on Wednesday to go public by merging with a special purpose acquisition company, confirming The Information’s report from two weeks ago that said it was considering such a move. The deal would give Embark, which is based in San Francisco, a market value of $5.2 billion. Embark is the third such developer to file to go public in...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
Beijing Olympics Covid-Tracker App Has Security Flaws
NFT Gaming Company Animoca Brands Raised $360 Million at $5 Billion Valuation
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