• ZTE hit with 2-year ‘monitoring' extension after breaking probation terms

    2 monthes ago - By Tech Crunch

    Embattled Chinese tech firm ZTE narrowly survived after the U.S. Department of Commerce hit it with a $1 billion fine and forced changes to its business earlier this year, and. Now it is back in the news for negative reasons after it was judged to have broken the probation around a fine that it copped in 2017 .
    The company agreed to pay $892 million last March after pleading guilty to charges of violating U.S.-Iran sanctions - the same issue that triggered the initial ban from the Department of Commerce. A condition of that 2017 deal was that the company would be ‘monitored' until 2020 to...
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  • The CEO of $2 billion startup Deliveroo says it isn't for sale

    The CEO of $2 billion startup Deliveroo says it isn't for sale

    2 monthes ago - By Business Insider

    Deliveroo CEO Will Shu built up a $2 billion company because he spent years as a banking analyst in London eating terrible food.
    Deliveroo is one of the most successful and highly valued startups in the UK, offering takeaway food from restaurants that don't conventionally do delivery.
    There are rumours that the company is in early buyout talks with Uber, and that it held preliminary talks with Amazon last year, but Shu said it is not for sale.
    He spoke to Business Insider after being named in the UK Tech 100, a ranking of the 100 coolest people in the UK tech industry.
    Deliveroo CEO and...
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  • How this 35-year-old built a $1.65 billion tech unicorn from a $20 investment

    How this 35-year-old built a $1.65 billion tech unicorn from a $20 investment

    2 monthes ago - By Business Insider

    Poppy Gustafsson is the 35-year-old CEO of Cambridge-based cybersecurity firm Darktrace, which was recently valued at $1.65 billion.
    Gustafsson told Business Insider how she grew Darktrace into a unicorn after spending just £15 incorporating the company five years ago.
    Darktrace has made a name for itself by spotting strange hacks and scams, such as bad actors trying to break into a US casino using the internet-connected thermometer in a fish tank.
    Gustafsson spoke to Business Insider after being named in the UK Tech 100, a ranking of the 100 coolest people in the UK tech industry.
    Poppy...
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