A record 560 startups were valued at over $1 billion this year, earning their place in the so-called “unicorn” club, according to a report from Business Insider citing data from Crunchbase and PitchBook. The new cohort of unicorns includes Anchorage, which offers crypto custody, trading and financing services for financial institutions, and cloud software provider Benchling, among others. With...
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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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