Andy Rubin, creator of the Android mobile operating system, said Wednesday he is shutting down his startup, called Essential, that developed Android-powered phones and other devices. It had raised hundreds of millions of dollars from the likes of Tencent and Redpoint Ventures. Redpoint had previously backed his prior startup, Android, that was acquired by Google more than a decade ago. At...
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Another Major Venture Firm to Separate China Investment Partners Following U.S. Pressure
GGV Capital, a prominent venture capital firm managing $9.2 billion in assets, plans to separate its China and U.S. teams following scrutiny from lawmakers in Washington about the national security implications of the firm’s investments in Chinese artificial intelligence and semiconductor firms, according to a notice the firm sent to its investors on Thursday. The move comes a few months...
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