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Six years ago, a warehouse employee at one of Apple’s top suppliers, Jabil, stole thousands of iPhone 5C casings from a factory in China before the product was announced. The employee, with help from a security guard, falsified documents and avoided security cameras as he drove a truck filled with the candy-colored shells out of the gates, according to three people familiar with the ...
The past year has been a time of intense activity for some employees at the Santa Clara headquarters of Seres, a Chinese-owned, Silicon Valley–based electric car maker once described in U.S. media as a Tesla challenger. One worker built a Lego Star Trek spaceship at his desk. Others played pool, foosball and UNO for hours. Some watched movies or shopped on Amazon all day.
Then there ...
Xiaohongshu, a Chinese startup that’s a mashup of Instagram and Pinterest, is in talks to raise as much as $500 million at a valuation that could reach $6 billion, said four people familiar with the matter. The talks defy a slowdown in technology funding deals in China.
A social media and online retailing startup that lets users post reviews and recommendations, and make purchases, ...
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