Chinese anti corruption authorities are investigating the minister of industry and information, whose portfolio includes the nationally strategic push to develop homegrown semiconductors. Xiao Yaqing, the former head of China’s top state-owned aluminum producer as it embarked on an ambitious overseas expansion, is the first minister-level official being probed since 2017, The Wall Street...
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Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up. The firm expects to invest at least $2 billion in technology debt deals over the next few years, including venture debt, deals with pre–initial public offering startups and deals with...
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