Chinese mega-investor Tencent will pour 500 billion yuan ($70bn) into emerging technology, as part of an ambitious five-year investment project. The move follows April’s creation of a Chinese blockchain committee by the…
China Urges White House to “Correct its Mistakes” over Blacklisting
China’s foreign ministry has condemned the United States’ blacklisting of 33 Chinese entities to a trade blacklist, as relations between the two nations threaten to nosedive. The US Department of Commerce added…
How Will Europe Hold off the Chinese Tech Spending Spree?
In 2017 Canyon Bridge, a Cayman Islands-registered investor, bought Imagination Technologies, one of the UK’s premier chipmakers. Surprisingly, the deal didn’t incur the wrath of British politicians. Just weeks previous US President…
India’s VC Investment Plummets, as Country Grapples with COVID
Venture capital investments in India have dropped to $2.2 billion in the first quarter of 2020—down from $6bn the previous quarter—as the country’s tech industry struggles with a downturn in capital risk…
Taiwan is Beating the Virus – and Tech is on its Frontline
Taiwan is an nation of almost 24 million people, squeezed onto an island the size of Maryland. It’s barely a hundred miles from China with regular flights to Wuhan, the generally-accepted epicenter…
AI Platform Codota Wins $12m Series A Round
Israeli AI firm Codota has raised $12 million in Series A funding, which will help the startup expand its suite of software-building solutions. The round, led by San Francisco’s e.ventures with participation…
Convosight Raises $4m from Sequoia Accelerator, Others
Indian community management startup Convosight has closed a $4 million pre-Series A funding round from Sequoia Capital’s accelerator Surge and IvyCap Ventures. The round will allow Convosight, which leverages data analytics and…
Israel’s COVID-19-focused MigVax Wins $12m Funding
MigVax, an Israeli medical technology startup, has received $12 million to find a vaccine for the novel COVID-19 virus. The round was led by Jerusalem-based equity crowdfund platform OurCrowd. MigVax is an…
US Visa Confusion Wipes Value from Indian Tech Firms
Indian tech companies have taken a big share-price hit this week, as confusion reigns over US President Donald Trump’s attempts to curtail immigration amid the COVID-19 crisis. Trump has already issued a…
Heavyweights Join China’s Blockchain Committee
Tencent, Huawei and JD.com are among 71 companies the Communist Party of China has added to a new blockchain committee, which Beijing hopes will set standards for a national ledger. The catchily-named…