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The Economic Democracy Union yesterday urged the Ministry of Economic Affairs to block the proposed acquisition of the Apple Online news Web site by Singaporean entrepreneur Joseph Phua (潘杰賢), citing concerns over his ties with Beijing. The think tank at a news conference in Taipei said that a major business partner of Phua is involved in businesses linked to the Chinese government. Phua’s potential buyout of the digital tabloid — linked to Hong Kong’s shuttered <i>Apple Daily</i> newspaper — became an object of public scrutiny following allegations that he could be p...

Laboratory equipment. Photo: Pixabay May 7, 2021 Sequoia Capital China has led a $40-million Series B round for US-based biotech startup Phanes Therapeutics, while Turn Capital has acquired Taiwanese blockchain startup Dapp Pocket. Sequoia China leads $40m Series B round for biotech firm Phanes Phanes Therapeutics, a biotech startup with operations in the US and China, has secured $40 million in a Series B round of financing led by Sequoia Capital China, according to a statement on Thursday. Chinese private equity firm DYEE Capital; Volcanics Venture, an early-stage venture capital firm that ...