China is funding the future of American biotech

October 20, 2018 Editor 0

Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture firms have invested more this year into life science and biotech in the US than they have back home, providing financing for over 300 US-based companies, per Pitchbook. That’s the story at […]

Apple CEO Tim Cook Calls on Bloomberg to Retract Supply Chain Hack Story: ‘There’s No Truth to This’

October 19, 2018 Editor 0

For the first time since Bloomberg published a highly controversial story suggesting Chinese spies planted microchips in Supermicro server motherboards Apple used in its iCloud facilities, Apple CEO Tim Cook has gone on the record to vehemently deny the claims. In an interview with BuzzFeed News, Cook said there is “no truth” to the story about Apple, before making the unprecedented move of calling on Bloomberg to publish a retraction. Since the report went live earlier this month, Apple has […]

An interactive map of China’s wildcat strikes

October 19, 2018 Editor 0

China’s move into a “mixed economy” has created a wealth inequality crisis to rival any nation’s; wildcat workers’ strikes (aided by Young Communist movements) have become increasingly common, though they are not often reported in the news (it helps that Chinese state media and the country’s official censors suppress these reports). The Hong Kong-based China Labor Bulletin maintains a map of all these strikes, which you can drill down into for news and other detail. As Naked Capitalism notes, it’s […]

Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

October 18, 2018 Editor 0

Cobo, a cryptocurrency wallet startup headquartered in Beijing, has raised a $13 million Series A to enter new international markets. The round was led by DHVC and Wu Capital, a family office based in China. Cobo plans to expand in the United States and Southeast Asia, in particular Vietnam and Indonesia. Cobo is also now taking pre-orders for Cobo Vault, a hardware wallet (pictured above) that it claims is military grade. Cobo’s Series A brings its total funding to $20 […]

Google CEO finally confirms secret censored Chinese search engine, is very happy with it

October 16, 2018 Editor 0

Google is finally going on the record with its once-secret Project Dragonfly, a censorship-friendly search engine for the people of China. Speaking at the Wired 25 Summit, Google CEO Sundar Pichai not only confirmed the existence of the project but also boasted about how well testing of the search engine was going. SEE ALSO: Report: Google Dragonfly links phone numbers to search results “It turns out we’ll be able to serve well over 99 percent of the queries,” Pichai said […]

Apple Apologizes After Stolen Apple ID Credentials Aided in Phishing Attack in China

October 16, 2018 Editor 0

Apple has formally apologized to users in China over the hacking of some Chinese accounts in a series of phishing scams that hit the country last week. The successful phishing attacks used stolen Apple IDs to gain access to customer funds, leading to “a small number of…users’ accounts” being accessed through these scams (via The Wall Street Journal). In a statement shared in China today, Apple said: “We are deeply apologetic about the inconvenience caused to our customers by these […]

Google CEO Sundar Pichai speaks publicly for the first time about its censored China search engine

October 16, 2018 Editor 0

Commenting publicly for the first time about Google’s censored search engine for China, CEO Sundar Pichai said onstage at the WIRED 25 summit in San Francisco that the company is taking “a longer-term view” about the country. Codenamed Project Dragonfly, the controversial development has been public knowledge since a report in August by the Intercept, generating significant backlash, with several employees resigning in protest. Google did not confirm Project Dragonfly’s existence until its chief privacy officer, Keith Enright, spoke at […]