The billionaire founder of Chinese tech giant JD.com is locked in a bitter lawsuit over a rape allegation by a college student: Here’s everything we know about the case (JD)

Richard Liu, the billionaire founder of China’s JD.com and one of the richest men in China, is facing a rape accusation in a civil court from a University of Minnesota college student. He denies the allegations. Liu was arrested last summer but was released shortly after. Minneapolis prosecutors also decided not to launch criminal charges against Liu last December, citing insufficient evidence. But in April, the student Liu Jingyao filed a civil lawsuit against the tech CEO detailing the alleged rape, and a mysterious social media account leaked videos from the night of the alleged incident. JD.com’s stock has reacted swiftly to each twist and turn of the saga. Here’s… Read More

Continue Reading

Semiconductor startup CNEX Labs alleged Huawei’s deputy chairman conspired to steal its intellectual property

A San Jose-based semiconductor startup being sued by Huawei for stealing trade secrets has hit back in court documents, accusing the Chinese firm’s deputy chairman of conspiring to steal its intellectual property, reports the Wall Street Journal. In court filings, CNEX Labs, which is backed by the investment arms of Dell and Microsoft, alleges that Eric Xu, who is also one of Huawei’s rotating CEOs, worked with other Huawei employees to steal its proprietary technology. The lawsuit, set for trial on June 3 in federal court in the Eastern District of Texas, started in 2017 when Huawei sued CNEX and one of its founders, Yiren “Ronnie” Huang, a former employee… Read More

Continue Reading

Revolut launches Group Vaults as an alternative to joint accounts

Fintech startup Revolut is making vaults collaborative. You can now create a vault with someone else and use it like a normal vault. Originally, vaults were an alternative to savings accounts without any interest rate. You could create vault in any currency (including supported cryptocurrencies) and set some money aside. You can round up your expenses and add change to a vault, program regular transfers to your vault or add money whenever you feel like it. If vaults are like a Word document, group vaults are like a collaborative document in Google Docs. Multiple persons can now interact with a group vault just like a normal vault. This will be… Read More

Continue Reading

Revolut launches Group Vaults as an alternative to joint accounts

Fintech startup Revolut is making vaults collaborative. You can now create a vault with someone else and use it like a normal vault. Originally, vaults were an alternative to savings accounts without any interest rate. You could create vault in any currency (including supported cryptocurrencies) and set some money aside. You can round up your expenses and add change to a vault, program regular transfers to your vault or add money whenever you feel like it. If vaults are like a Word document, group vaults are like a collaborative document in Google Docs. Multiple persons can now interact with a group vault just like a normal vault. This will be… Read More

Continue Reading

Fujifilm’s GFX 100 is a medium format camera that performs like a mirrorless

Fujifilm has just officially announced its next medium format camera, the GFX 100. The latest GFX, the new model joins the GFX 50S and GFX 50R, released in 2016 and 2018, respectively. The GFX 100 introduces some major leaps over the prior models, including a much higher resolution, in-body image stabilization, and much faster performance. It will be available starting on June 27th for $9,999.95. Unlike Fujifilm’s prior medium format bodies, the GFX 100 features a full-size design, meaning it has an integrated vertical grip and a much larger stance than the typical mirrorless camera. It’s much closer in size to Canon’s EOS-1D X than even Fujifilm’s own GFX 50R.… Read More

Continue Reading