Chinese drones in Silicon Valley show governments' startup fever
China knows how to get deeply involved in its startups while testing them in the US market
New York
EHANG, a Chinese drone maker, raised money in the US from online crowdfunding and venture capitalists. Back home in Guangzhou, the government pays its rent. Marketed in the US as playthings for a 12-year-old, the drones sell in China as state-subsidised surveillance tools used by police departments.
A public-private blend, Ehang is either a dilemma or a model for states around the globe seeking to recrea…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat