Venture capital investors are competing with each other to support promising startups, particularly those outside the US, as young companies now have more access to capital, VentureBeat reported.
Industry
25 tech firms writes letter to Sen. Ron Wyden asking him to oppose measures that could curtail online freedom
Twenty-five tech companies have turned to Senator Ron Wyden asking his help to oppose the Trans-Pacific Partnership or TPP that could potentially limit online freedoms, VentureBeat reported.
Survey shows Asia-focused hedge funds added $20B in assets last year
A survey done by AsiaHedge showed that Asian hedge funds were able to add assets of nearly $20 billion in 2013, representing a strong performance after three years, Reuters reported.
Y Combinator's Sam Altman calls on US to allocate 100 "founders visas"
Y Combinator President Sam Altman has renewed the call that Paul Graham made five years ago on "founders visa" to encourage international startups to establish their firms in the US, TechCrunch reported.
China's FDI increases 10.4% in first two months of 2014 but holidays cause slowdown in February
The foreign direct investment of China went up 10.4% from January to February this year but the holidays of the Lunar New Year caused February figures to drop, Reuters reported.
Latest News
The People's Bank of China has blocked Tencent Holdings Ltd and Alibaba Group from offering customers with virtual credit cards, according to a source interviewed by Bloomberg News.
Google gave the Home Office in the UK "super flagger" access to YouTube, allowing them to screen content that they feel are a national security threat, the Financial Times reported.
Tim Berners-Lee, the Father of Web, has called for an online Magna Carta that will safeguard the openness, independence and neutrality of the Internet, TechCrunch reoprted.
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
Venture capitalists are putting their support on travel tech startups that seek to enhance the travel experience of consumers even with the popularity of travel booking platforms, TechCrunch reported.
The console market is apparently facing a substantial decline based on North American console sales from January 2007 and that of January 2014, TechCrunch reported.
Google Executive Chairman Eric Schmidt said Google was very worried about the growing inequality in democracies, particularly San Francisco, and proposed three solutions to address the issue, TechCrunch reported.
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
Venture capital investment in New York City for the first quarter of 2014 has reached a record of $1.3 billion to date, with startups in the Big Apple raising nearly $200 million in the past two days alone, TechCrunch reported.
