Security researchers at cybersecurity firm Check Point relate how Chinese hackers hijacked $1 million of seed money that was supposed to travel from a Chinese venture capital firm to an Israeli startup. A “Man-in-the-Middle” attack, spoofed emails, bogus domains, lots of planning, plenty of patience, and bingo!
Sequoia Capital has raised about $1 billion for late-stage U.S. investments and approximately $2.4 billion for venture and growth deals in China.
Sequoia Capital has usually taken the path less travelled when it comes to China. And been handsomely rewarded in the process.
Fake news is a term generating a lot of buzz in the United States. But in China, the term has taken on a whole new meaning. The country has issued new guidelines that will ban online video and audio suppliers from using artificial intelligence to disseminate “fake news.”
Barings announced the launch of its first onshore Private Fund in China.
The Barings China A-share Private Securities Investment Fund No.1 has registered with the Asset Management Association of China.
Bitcoin plummeted today after back-to-back crackdowns on virtual currencies by the Chinese Government. Yesterday, regulators in Shenzen, and today, in Shanghai, threatened to crack down on alleged illegal activities. The PBoC was reportedly behind both campaigns and seeking to impose a ban on trading in cryptocurrencies.