2021 is flying by… I cannot believe we are only one week away from September.
Among its many indirect impact, Covid-19 has led to a startup boom
in the US. The number of applications for new businesses in the US grew 24% last year to 4.3 million, the highest on record. That’s helping to reverse what had been a 40-year decline in US entrepreneurship.
Many banks in Hong Kong were scrambling and worrying for this past week with the potential imposition of an anti-sanctions law and now it’s been delayed
. This planned legislation has shaken both business and investor confidence for Hong Kong. If the planned law proceeds, and if financial institutions in Hong Kong implement U.S. sanctions, they may be exposed to legal risk in Hong Kong for doing so.
Tesla (特斯拉 in Chinese) is on a hiring spree in China for data security and government relations staff as Elon seeks to maintain his leading position in the Chinese electric vehicle market amid a crackdown on tech. Cool to see Tesla’s official WeChat HR
Saber (leading cross-chain stablecoin exchange on Solana) reached over $500M TVL in less than 30 days of launch. And now in the top 50 of all DeFi apps. Saber is one of our portfolio companies 🏎 🏎 🏎
Here are the top mobile news this week >
- TikTok - In-App shopping with Shopify
- TikTok - AR development platform
- White House - $42.5 billion to broadband deployment
- Apple - $100M appstore settlement agreement
- Apple - Acquires Classical Music Streaming Service Primephonic
- Tmobile - 40M+ People data breach