In today’s news capsule, we also cover Darktrace’s latest funding round, a partnership between IBM and East Ventures and Campfire launching 10 new co-working spaces
China seeks to ban VPNs
Facebook and Google users who require virtual private networks (VPNs) to bypass the Great Firewall of China are going to face increased hurdles next year.
The Chinese government has ordered the nation’s telcos to block access to personal VPNs by next year February. These telcos include major state-run carriers such as China Telcom, China Telecom and China Mobile.
If this comes into effect, users will also be restricted from accessing major news websites such as Bloomberg, BBC Wall Street Journal, The New York Times and other social media platforms such as Twitter. So no more following of US President Donald Trump’s tweets. Sad!
New YouGov survey finds the APAC millennials more likely to describe their work ethic as lazy
Millennials are sometimes referred to as the “strawberry generation” because they are perceived as not being as hardworking or resilient as their parents’ generation. But is there any truth to that?
A new survey by online research firm YouGov has revealed that APAC millennials are four times more likely to describe their work ethic as lazy, as compared to their parents (aged 55 and above).
Among the APAC millennials. Hong Kongers were most likely to describe their work ethic as lazy, and Australians were most likely to describe themselves as hardworking — 79 per cent believed they worked hard during work.
For more details, click on YouGov’s website. Take the findings with a healthy spoonful of salt.
Hong Kong-based startup Campfire has launched 10 new co-working spaces
Hong Kong-based co-working space operator Campfire said it will launch 10 new spaces by the end of this year.
It will be opening sites in Hong Kong, Australia, and UK. The startup currently operates two co-working spaces.
Campfire raised US$6 million in seed funding in March.
Cybersecurity company Darktrace raises US$75 million in funding
UK-based cybersecurity firm Darktrace has raised US$75 million in a Series D round led by Insight Venture Partners, with participation from existing investors Summit Partners, KKR and TenEleven Ventures.
Also Read: Michael Lints of Golden Gate Ventures promoted to Partner, wants to help take Southeast Asia global
It will use the newly-raised financing to strengthen its tech and increase its presence globally.
In the APAC region, Darktrace is headquartered in Singapore and has operations in Japan, Australia, Hong Kong, India, New Zealand and South Korea. Over eighty organisations within Asia have deployed its platform.
IBM and Singapore-based VC East Ventures have entered into a partnership
In a DealstreetAsia article, Singapore-based VC East Ventures announced it has partnered with IBM to grow its portfolio startups and help them expand to overseas markets.
IBM will provide startups with access to its technology, including Big Data, AI and cognitive computing. It will also connect them with corporate clients.
Japanese bitcoin exchange goes to trial
The CEO of Japanese bitcoin exchange Mt. Gox, Mark Karpeles, has been hauled to court over allegations that he transferred US$3 million from an account containing customer funds to an external. He then “improperly accessed” Mt.Gox’ system and inflated his account.
Mt.Gox made headlines in 2014 when hackers allegedly made off with at least US$460 million worth of bitcoins, forcing the bitcoin exchange to go bankrupt.
Karpeles has denied all wrongdoing.
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The post News at a glance, China to ban VPNs, APAC millennials say they are lazy, a bitcoin exchange CEO gets hauled to court, and more appeared first on e27.