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China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

The “Greater Bay Area”, touted as China’s answer to Silicon Valley, may serve as a symbol of China’s determination to match US technological might, but a shortage of top-notch talent and schools, along with the simmering trade war between the US and China, have clouded its prospects in the short term, according to analysts.Beijing wants this proposed integrated area, which links nine cities in Guangdong province – including Shenzhen and Guangzhou – with the Hong Kong and Macau special… Source link

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The biggest winners in Shenzhen, ‘China’s Silicon Valley’? Pig and chicken farmers

The big stock-market winners in Shenzhen aren’t artificial intelligence and semiconductor companies. They are farmers. Chicken breeders Shandong Xiantan and Shandong Minhe Animal Husbandry have climbed around 40 per cent this year through Tuesday, while pig farmer Muyuan Foodstuff is up 34 per cent. The Shenzhen Stock Exchange’s agriculture index has rallied more than any other subgauge in 2019, and is the only one to eke out a gain in the past three years as the city’s benchmark slid 22 per cent. Analysts attribute the more recent gains to the…

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Veggie ‘meat’ start-up backed by Nasa wins financing from tech moguls and Silicon Valley climate fund

A Chicago-based biotechnology company working with Nasa to develop a new form of plant-based protein fit for supporting space exploration has received US$33 million from venture capital firms, including an energy tech fund backed by Bill Gates, Jack Ma and Jeff Bezos. The funding will support the development and commercialisation of the animal protein alternative, according to Sustainable Bioproducts co-founder and chief executive Thomas Jonas. The climate-friendly protein is a product of research into extremophile organisms that live in Yellowstone National Park’s volcanic springs. “That work led to the development…

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How Silicon Valley’s ‘surveillance capitalism’ is enriching its leaders and making us their pawns

“They know everything about us, while their operations are designed to be unknowable to us. They predict our futures and configure our behaviour, but for the sake of others’ goals and financial gain. This power to know and modify human behaviour is unprecedented.” This is Shoshana Zuboff, Charles Edward Wilson Professor Emerita at Harvard Business School, and no, she is not talking about George Orwell’s 1984 or Aldous Huxley’s Brave New World. Nor about dark Communists at the heart of Beijing, or spies in the Kremlin. She is talking about…

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Chinese-born brothers build billion dollar fortunes in Silicon Valley with network security software firm Fortinet

Cybersecurity has unlocked riches for Ken and Michael Xie. The Chinese-born brothers are now billionaires from their stakes in Fortinet Inc., the Silicon Valley-based network security software firm they co-founded almost two decades ago, according to the Bloomberg Billionaires Index. Spurred by high-profile data breaches and malware attacks, cybersecurity has become a growing priority for companies. Cloud-focused firms including Fortinet and Palo Alto Networks Inc. have benefited as businesses update their computer infrastructures, posing a threat to more established network software providers such as Cisco Systems Inc. and Juniper Networks…

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From supermarkets to super-apps, Southeast Asian tech start-ups are looking to China not Silicon Valley

It’s 11am on Sunday morning in the industrial area of Singapore’s Pasir Panjang district, and the sun is streaming through the floor-to-ceiling windows at Habitat, a technology-enabled supermarket concept by online grocery start-up Honestbee. Customers mill about the sprawling, 60,000 square feet store browsing multiple shelves of imported items and checking out the fresh produce on offer. Some gawk as overhead conveyor belts transport bags of packed groceries, ordered by online customers, across the store in preparation for delivery, as others gather around the automated checkout area (there are no…

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