Tag: CCP
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The Chinese Communist Party has launched a severe crackdown on the technology industry: Didi Chuxing, the Chinese equivalent of Uber, had its app removed from all Chinese app stores shortly after its US IPO ByteDance, parent company of TikTok, shelved its IPO plans under regulatory pressure. Its CEO has resigned.…
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+ Angel Investing, Asia, CCP, China, Communism, Investing, Startup, Startups, Tech, Venture Capital, Xi Jinping+
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Major news over the holiday weekend as the Chinese government required all app stores in China to remove the Didi Chuxing app. Didi is the Chinese equivalent to Uber, and dominates shared rides in the country, along with a major presence abroad: China has ordered app-store operators to remove the…
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China is creating its own cryptocurrency, which will allow much easier surveillance and control of their population than existing coins. In order to push bitcoin off its throne and replace it with a digital yuan, China could launch a powerful sneak attack on bitcoin. Bitcoin transactions are handled by “miners,”…
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Microsoft Corp. and U.S. government officials are still working to understand how a network of suspected Chinese hacking groups carried out an unusually indiscriminate and far-reaching cyberattack on Microsoft email software, more than a month after the discovery of an operation that rendered hundreds of thousands of small businesses, schools…
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I just read a disturbing report from The Economic Times (essentially the Wall Street Journal of India). It says that China has offered its COVID vaccines to countries in Southeast Asia, but only if they support China in the WHO. There is a similar report from Nikkei Asia (basically the…
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Tremendous 