China tech news keeps popping up
LinkedIn is going out of China after a valiant try of several years. While LinkedIn localized the site, hired experienced talent, aimed to protect data and rights of users, set up a joint venture with investors, and bowed to several Chinese government demands, it wasn't enough in this new era.
This makes for the last of the U.S. Internet brands in China to largely surrender the market. Google, Twitter, Facebook, Pinterest are all blocked. LinkedIn China will keep its job search portion of the site but not the social networking portion.
Then, there's Renren, once considered the Facebook of China. The stock price is way up after stockholders won a lawsuit against a move by management to spin off assets into a separate company.
Finally, China is set to request that ByteDance and Tencent open their content to search. This is good news for Chinese search engine Baidu, which is trading up on the news.
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THE GREAT REBOOT
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Rebecca Fannin's THE GREAT REBOOT: FROM RUSTBELT TO TECHBELT--THE COMEBACK OF THE INDUSTRIAL MIDWEST, a writer's heartland journey chronicling a great American turnaround that shows how tech ecosystems and venture capital from the likes of Michael Bloomberg and Steve Case, are retooling heartland cities and Appalachian towns, bringing back jobs to American shores and beating back China, in a book deal to Kevin Stevens at publisher Charlesbridge.
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