Ecommerce 

No sleep, no sex, no life: Tech workers in China’s Silicon Valley face burnout before they reach 30

He is so focused on his keeping his start-up alive that he can’t sleep at night. She was asked in an interview if she would be willing to break up with her boyfriend for the job. A young couple want their own family but have no energy for sex after work.These are some of the struggles faced by the hundreds of thousands of young workers in China’s tech industry. Like Yu Haoran, a 26-year-old computer science major, who in 2014 founded Jisuanke, a start-up in Beijing’s hi-tech Zhongguancun… Source link

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Silicon Valley, trendy and expensive, is becoming a hot bed for shared living

Silicon Valley, the northern California innovation hub that is home to the likes of Apple and Facebook, is becoming a hot spot for another kind of experimentation – shared living quarters.The concept has been spreading around the globe, including in Hong Kong, as companies spring up in cities with eye-watering housing costs and lots of young and single professionals open to group living arrangements.Different business models are being tried.One company getting its footing in expensive Silicon… Source link

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Vietnam 

Vietnamese startup raises $7 million from Silicon Valley – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Elsa Speak is an English learning application. — Photo elsaspeak.net Viet Nam News HÀ NỘI — Elsa Speak, an English learning application, has successfully raised US$7 million in funding from Google and Silicon Valley in the US. The successful capital call raises Elsa Speak’s total investment capital to $12 million from well-known funds in Silicon Valley and Asia. This funding came from Gradient Ventures. This is a venture capital fund investing in artificial intelligence (AI) in Google, aiming at providing financial support and technological advice to…

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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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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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Singapore 

Spize owners wanted to relinquish River Valley business soon after fatal food poisoning incident, Singapore, Health News

SINGAPORE – Spize’s owners had decided that they would end the business at the River Valley outlet soon after a fatal food poisoning incident last month (November). Mr Haresh Sabnani, co-founder of the restaurant that has four outlets across Singapore, told The Straits Times on Friday morning (Dec 7) that the company had decided to sell a part of their business. He spoke to ST before a press conference on Friday where the National Environment Agency (NEA) said it has terminated the operating licences of Spize restaurant in River Valley…

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Singapore 

NEA terminates Spize restaurant’s River Valley outlet licences following fatal food poisoning outbreak, Singapore News

SINGAPORE – The National Environment Agency (NEA) has terminated the operating licences of Spize restaurant in River Valley Road with immediate effect, in view of the “egregious nature” of the food hygiene lapses it found following a fatal food poisoning incident on Nov 6. The agency will also be taking enforcement action against the restaurant for the lapses, including pressing charges in court, after it found an “unusually severe” Salmonella outbreak in its investigations into seven food poisoning incidents between Nov 6 and 9. A joint inspection on Nov 14…

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Singapore 

Spize Restaurant in River Valley suspended after 49 cases of gastroenteritis reported, Singapore News

SINGAPORE – At least 49 people have fallen ill with gastroenteritis after eating food prepared at Spize Restaurant, the National Environment Agency (NEA) said on Friday (Nov 9). Of the 49 cases, 21 were hospitalised. All of the affected individuals had consumed food that was prepared at Spize Restaurant’s River Valley Road outlet on Tuesday. The Ministry of Health (MOH), the Agri-Food & Veterinary Authority of Singapore (AVA) and NEA were first notified of the cases on Wednesday and conducted a joint inspection of the restaurant’s premises on the same day. During the…

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