People
Ren Zhiqiang: Latest Victim of China’s Tougher Cyber Laws: Mulls For Further Toughening
China has been widely criticized for strict cyber laws. On Sunday, the communist government has mulled its legislative power to impose ban on accounts of former Chinese tycoon, Ren Zhiqiang. While around 40 Chinese journalists have been confined in jail as victims of tougher cyber laws, the communist government is going to enact further tougher laws on March 10.
SpaceX Aborted Its Third Attempt to Launch Falcon 9 Rocket Due to Technical Difficulties After a Delay
SpaceX aborts its third attempt to launch its Falcon 9 rocket, which is designed to land its booster on a platform, making spaceflight more affordable. The abrupt scrub, just seconds before the liftoff, was due to an unexpected delay that caused the fuel to fail.
Flipkart’s Efforts For Raising $1 billion Fund In Limbo Since Morgan Stanley Down Marks Asset Values
Mutual funds have recently slashed the value of Silicon Valley startups. Marking down of Flipkart share price and valuation by Morgan Stanley has appeared as a great jolt for Flipkart. The Indian largest ecommerce retailer is expected to witness hurdles in raising its planned $1 billion fund following the Morgan Stanley move.
Opportunity Network Achieves $150 Million Valuation From $100 Million In Just A Year
Opportunity Network introduces its eligible anonymous members in its platform to facilitate deals. The membership subscription fees generate sufficient revenue to grow the networking site up to a valuation of $150 million. Surprisingly, the network startup has grown up to a valuation of $150 million from $100 million in just a year without any fund from VC.