Lawmakers proposing a bill that provides the U.S. semiconductor industry with $52 billion in funding also plan to make sure that other countries such as China won’t benefit from it, The Wall Street Journal reported. The bill would seek to prevent companies that are building or expanding advanced chip manufacturing plants in China from taking advantage of the funding, which would come in the...
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Exclusive Asia Startups
How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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