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Trade War Is Hurting Silicon Valley Augmented Reality Startup By Selina Wang September 10, 2018, 12:06 AM EDT Meta says lead Chinese investor froze deal at Be
by orangepurple 5y ago
Trade War Is Hurting Silicon Valley Augmented Reality Startup
By Selina Wang
September 10, 2018, 12:06 AM EDT
Meta says lead Chinese investor froze deal at Beijing’s behest
Crackdown on Chinese investment in U.S. tech companies blamed
Augmented reality startup Meta Co. was on the verge of raising funds from Chinese backers when the lead investor froze the deal at the behest of a Chinese official who cited the trade war.
It’s the latest sign that U.S. tariffs on Chinese goods and a crackdown on foreign investment in U.S. tech companies is casting a chill in Silicon Valley. Small hardware makers are already suffering from rising tariffs, and now startups looking to raise money in China are feeling the effect.
https://www.bloomberg.com/news/articles/2018-09-10/trade-war-is-hurting-silicon-valley-augmented-reality-startup https://www.bloomberg.com/news/articles/2018-09-10/trade-war...
- sbierwagen 5y agoThey've been in stealth mode for at least three years now? They must have some very patient and deep-pocketed seed investors.
- throwoutway 5y agoPerhaps it is bootstrapped
- ipsum2 5y agoThat is a different company: https://www.theverge.com/2019/5/28/18642350/meta-view-metavision-augmented-reality-ar-headset-new-company-launch-jay-wright https://www.theverge.com/2019/5/28/18642350/meta-view-metavi...
- moron4hire 5y agoPretty sure this is a different Meta. The Meta the Bloomberg article is talking about used the stymied Chinese deal to cover up the fact that they were already dead, because their product just plain sucked.