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Another top Silicon Valley investor is splitting off its China business as pressure mounts

Published Wed, 05 Mar 2025 02:29:52 GMT

By Michelle Toh | CNNHong Kong  — GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US and China operations into separate companies as tensions between the two countries over tech and geopolitics continue to rise.The firm announced Thursday that it would divide its business into two “completely independent” firms with separate new brands, which have not been revealed.According to the company, one side will concentrate on North America, Latin America, Europe, Israel and cross-border US-India deals, led by teams in California and New York by managing partners Glenn Solomon, Hans Tung, Jeff Richards and Oren Yunger.The other side will focus on China, Southeast Asia and South Asia, run from its headquarters in Singapore, by managing partners Jenny Lee and Jixun Foo.GGV’s existing Chinese yuan-denominated funds “will continue to be managed independently” under its Chinese brand, Jiyuan Capital, it said.In a statement, the fir...

Opinion: Remembering Adobe’s John Warnock, a Silicon Valley giant

Published Wed, 05 Mar 2025 02:29:52 GMT

I recently went to the memorial service for John Warnock. Most will not be familiar with the name — he was a brilliant man but a modest one. He was also a person ranking with Bill Hewlett, David Packard, Gordon Moore, Bob Noyce and Steve Jobs in the pantheon of those who created our special valley and changed the world.As I sat thinking of my time with him on the Tech Museum board, my mind drifted back to the place I now sit, the  headquarters of Adobe Systems — the company he co-founded with Chuck Gesecke and one that changed so much of how we do our writing and communicating and dreaming. It was a place I know well. I attended St. Joseph’s Grammar School on that very site, about nine years with the Sisters of Notre Dame and Jesuits of the church down the street.  We lived in a very different place then, not really a city but definitely the beginnings of one.My family has lived and worked in our downtown for generations, and from my bedroom window I could see AP Giannin...

2 dead in domestic violence shooting at Albany Toyota service center

Published Wed, 05 Mar 2025 02:29:52 GMT

ALBANY, Calif. (KRON) -- A suspect involved in a domestic violence shooting at a Toyota service center in Albany exchanged gunfire with Berkeley Police Department officers Thursday morning, police say. Both the suspect and an employee of the store were killed. Witnesses saw the suspect shoot a female employee inside the Toyota service center, the Alameda County Sheriff's Office said. Police then responded and were involved in a shooting. Berkeley Mayor Jesse Arreguín said the suspect was shot by the officers. The shooting of the victim by the suspect was determined to be an act of domestic violence, according to investigators.At 11:14 a.m., Berkeley and Albany police dispatch centers both received several 911 calls from people inside the Toyota service center in Albany that reported a man entered the business with a gun and shot an employee, ACSO said. Berkeley PD officers were the first to arrive at the scene and evacuated the area.Officers immediately entered the business to searc...

Russia’s Defense Ministry says 1 serviceman missing, not killed as it initially stated, after Ukrainian missile strike on annexed Crimea

Published Wed, 05 Mar 2025 02:29:52 GMT

MOSCOW (AP) — Russia’s Defense Ministry says 1 serviceman missing, not killed as it initially stated, after Ukrainian missile strike on annexed Crimea.Source

La costa este de EE.UU. está en alerta de tormenta tropical que podría llevar lluvias y fuertes vientos

Published Wed, 05 Mar 2025 02:29:52 GMT

(CNN) — Algunas partes de la costa este de Estados Unidos se preparan para un fin de semana lluvioso debido al desarrollo de una tormenta tropical que se arremolina sobre el Atlántico, generando advertencias de tormenta tropical desde Carolina del Sur hasta Maryland a medida que el sistema se acerca a tierra.Según el Centro Nacional de Huracanes (CNH), se espera que la zona de baja presión, denominada posible ciclón tropical 16, se convierta en tormenta tropical cuando alcance la costa de Carolina del Norte este viernes y comience a ascender durante tres días.La lluvia se extenderá cientos de kilómetros desde el centro de la tormenta, a menudo acompañada de vientos racheados. Las zonas afectadas también podrían sufrir peligrosas mareas de tempestad e inundaciones costeras, fuertes corrientes de resaca y fuerte oleaje.Algunos tornados también son posibles en algunas partes de la costa del Atlántico medio.El sistema de tormentas estaba a unos 330 kilómetros al este-sureste de Ch...

US Treasury and Chinese Ministry of Finance launch economic working groups in an effort to ease tensions and deepen ties

Published Wed, 05 Mar 2025 02:29:52 GMT

WASHINGTON (AP) — US Treasury and Chinese Ministry of Finance launch economic working groups in an effort to ease tensions and deepen ties.Source

Women’s World Cup goals by Caicedo, Kerr and Zaneratto nominated by FIFA for annual Puskas Award

Published Wed, 05 Mar 2025 02:29:52 GMT

ZURICH (AP) — Goals scored by Linda Caicedo, Sam Kerr and Bia Zaneratto at the Women’s World Cup were among 11 nominated by FIFA on Friday for the annual Puskas Award.Voting opened on FIFA’s website for fans worldwide to pick their top three goals scored in a qualifying period since the men’s World Cup ended last December until the end of the Women’s World Cup on Aug. 20.Caicedo’s goal was scored for Colombia against Germany in a group-stage game, Kerr’s was in Australia’s 3-1 semifinal loss to England, and Zaneratto scored for Brazil against Panama in their group.Nominees also include a volleyed goal by Iván Morante for Ibiza in the Spanish second division in which he touched the ball four times without it hitting the turf.Paraguay teenager Julio Enciso scored for Brighton against Premier League champion Manchester City with a long-range shot to finish a sequence of team passes that went up and down the field twice.Nuno Santos scored for Sporting Lisbon with a “rabona” flick simila...

Denver weather: Sunny end to the week

Published Wed, 05 Mar 2025 02:29:52 GMT

DENVER (KDVR) —  Denver's weather will stay sunny and mild Friday and into the first official weekend of fall. Saturday's temps of 78 degrees (KDVR).Weather today: Sunny, breezy, warmPatchy areas of morning fog will be replaced by sunshine and breezy conditions on Friday afternoon. Wind gusts out of the southwest will reach 25 mph as highs climb back up to the lower 80s. Pinpoint Weather forecast highs on Friday, September 22, 2023. (KDVR) Chicago-based Portillo’s may be coming to Denver Weather tonight: Mostly clear, breezyFriday night will stay mainly clear and breezy with gusts around 25 mph. Low temperatures will be cool but seasonal and fall to the 40s. Pinpoint Weather forecast on Friday night, September 22, 2023. (KDVR)Looking ahead: Sunny and cooler weekendOn Saturday, fall starts at 12:50 a.m. MDT. Right on cue, a weak cold front will move through the area and bring high temperatures to the mid to upper 70s, which is right in line with normal for this time of ye...

Brightline’s inaugural Miami to Orlando trip commences today

Published Wed, 05 Mar 2025 02:29:52 GMT

In a historic moment, Brightline is set to embark on its maiden voyage from Miami to Orlando, marking the first private US passenger rail line to link two major Florida cities at high speed in 100 years. This new travel option promises convenience and accessibility for residents and tourists alike.Starting Friday, Brightline trains will operate between Miami and Orlando, providing a unique travel experience for those looking to journey between these vibrant cities. The train service offers a convenient alternative to traditional transportation methods.The journey from Miami to Orlando will make several stops along the way, with each stop averaging just two to four minutes. Travelers can purchase a Smart Ticket starting at $79 for a one-way trip, or $158 for a round trip. For those seeking an enhanced experience, Premium Tickets start at $149 for a one-way trip, offering a round trip for nearly $300.Brightline also introduces dynamic pricing, which may result in lower ticket prices f...

Fatal collision between Brightline train, pedestrian in Delray Beach

Published Wed, 05 Mar 2025 02:29:52 GMT

DELRAY BEACH, Fla. (WSVN) — Tragedy struck in Delray Beach as authorities investigate a fatal collision between a Brightline train and a pedestrian. The incident occurred at the intersection of Southeast Second Avenue and Southeast Fourth Street. Delray Beach police are urging the public to avoid the area as they conduct their investigation. https://x.com/DelrayBeachPD/status/1705176005181063203?s=20The incident occurred as the first Brightline train from Miami to Orlando is en route.Please check back on WSVN.com and 7News for more details on this developing story.