The number of new companies that are started in China annually has collapsed as fundraising by Chinese venture capital firms has similarly imploded. A recent Financial Times report described a dire Chinese startup landscape, with founders, investors, and VCs offering bleak comments on condition of anonymity. “The whole industry has …

Businesses needed workers, and Haitians, many already authorized to work, heard living costs were low. But the newcomers have strained resources, and that has fueled tension. Source link

Alex Parmley has been thinking about building his latest company, ORNG, since he was working on his last company, Phood.  Launched in 2018, Phood was a payments app that let students use dining dollars to order food from third-party apps and merchants anywhere in the world. It built the first …