China 🇨🇳 has taken a big step towards cryptocurrency regulation with the implementation of a tax on crypto transactions. This signals the country's increasing embrace of cryptocurrencies.
A gunman has murdered ten people and injured over a dozen others in Monterey Park, where tens of thousands of Asian American families had gathered to celebrate the Lunar New Year that day. He is still at large.
This should be getting way more coverage in media. A terrible act.
Just after Beijing lifts the ban on Didi, a state-backed ride-hailing app "强国交通(Strong Nation Transport)" will be launched soon, which will integrate 10+ ride-hailing platforms
It remains to be seen whether authorities will look into Didi’s 2016 merger with Uber China, as well as alleged algorithm abuse by Didi, which was found by a Fudan University research team in 2021 to be charging iPhone users higher fares
Sandie Hawkins, head of TikTok e-commerce in the US, reports to Bob Kang, ByteDance’s e-commerce chief, who in turn reports to Zhang Lidong, ByteDance’s China chair based in Beijing. But neither Hawkins nor Kang reports to TikTok’s CEO, Shouzi Chew
After a two-year boom in VC activity, startups are facing a new reality: money is not flowing like it did before. Enter “dirty” term sheets, or structured deals that allow startups to raise $$ at higher valuations in exchange for terms that favor investors
https://theinformation.com/articles/startups-avoid-valuation-cuts-with-up-rounds-in-name-only?utm_source=twitter&utm_content=push_copy&utm_medium=organic_social&utm_campaign=article_post…
That’s not to say regulators will leave tech alone in 2023.
Incremental moves towards implementing all the new laws and regs will be ongoing
But it is to say China is only marginally closer to figuring out how to regulate the platform economy than it was in Nov 2020.
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the executive order on US investment in China may focus more on quantum computing, artificial intelligence and semiconductors and not include biotechnology or battery technology.