U.S. venture capital investments reached $330 billion last year, almost doubling the previous record of $167 billion set in 2020, according to data firm PitchBook. The increase was driven by record low interest rates, which drove investors looking for yield into the private markets, and a surge in software demand from all sorts of businesses thanks to the pandemic. Cash-rich nontraditional...
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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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