Key Apple supplier Pegatron Corp. said it had shut down factories in Shanghai and nearby Kunshan due to China’s Covid lockdown. The Taiwanese company, which is Apple’s second-biggest supplier, had shuttered facilities that make computers, communication devices and consumer electronics, according to the South China Morning Post. China’s strict zero-covid policy has locked down millions of...
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The Briefing asia policy
What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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