Tag: china
Apple may move some production to Vietnam to avoid trade tensions
Your next Apple device might not come from China. A Reuters source claims Apple’s primary contract manufacturer, Foxconn, is moving some iPad and MacBook production to Vietnam to diversify production and reduce the potential damage from the ongoing t… Source
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TikTok’s epic rise and stumble
TikTok’s rise in the West is unprecedented for any Chinese tech company, and so is the amount of attention it has attracted from politicians worldwide. Below is a timeline of how TikTok grew from what some considered another “copycat” short video app to global dominance and eventually became a target…
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The FCC rejects ZTE’s petition to stop designating it a “national security threat”
The Federal Communications Commission has rejected ZTE’s petition to remove its designation as a “national security threat.” This means that American companies will continue to be barred from using the FCC’s $8.3 billion Universal Service Fund to buy equipment and services from ZTE . The Universal Service Fund includes subsidies…
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Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion
The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh off a Wall Street Journal report two…
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Recycling robotics company AMP Robotics could raise up to $70M
AMP Robotics, the recycling robotics technology developer backed by investors including Sequoia Capital and Sidewalk Infrastructure Partners, is close to closing on as much as $70 million in new financing, according to multiple sources with knowledge of the company’s plans. The new financing speaks to AMP Robotics’ continued success in…
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China’s Chang’e-5 mission is off to collect samples from the Moon
China successfully launched its Chang’e-5 mission on Monday. And if all goes according to plan, by the end of the week, it will be orbiting the Moon, ready to collect samples from the lunar surface for the first time in decades. China launches #Ch… Source
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