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China startup deals shrink as fundraising for investors plummets

Chinese startups continue to weather tough times as private investors, caught in a cash crunch, are concentrating money into fewer deals. China’s deal-making activity for startups in the six months ended June halved from a year ago to 1910, according to data from consulting firm ChinaVenture’s research arm. The amount …

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Daily News Roundup: Sprint Got Hacked Through Samsung

Sprint sent letters out to customers informing them someone had breached the company’s servers and stolen user data. The data included phone numbers, billing addresses, names, and more. Oddly, instead of a direct attack, the hack went through Samsung’s website. Samsung sells phones on its website. To make the process …

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