Shai Oster

The value of venture capital investment in China fell 44% in the first four months of the year compared to last year, four times faster than the global drop.

Tech companies are debuting on the domestic stock market at valuations much lower than their last private rounds of financing.

Workers at Quanta Computer in Shanghai, which manufactures Apple MacBooks and other computers, have clashed with guards in protest of a two-month lockdown.

Apple told staff that it is raising minimum hourly wages at least 10% amid a tight labor market, inflation and employees efforts to unionize.

The firm had been struggling to grow market share even before strict Covid-19 lockdowns curtailed travel in China