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Tech Across the Globe

Apple in India: The iPhone maker is expanding production of its signature product at five factories in India, seeking to reduce its reliance on China for US-bound devices.

Meta in flux: The Facebook parent is restructuring its new Meta Superintelligence Labs to better capitalize on the highly paid talent it recently recruited to the team.

Xiaomi in Europe: The Chinese gadget maker plans to sell its first EV in Europe by 2027, seeking to compete with BYD and Tesla in the fast-growing electric market.

Revalued

Qiming Venture Partners is cutting its new fund targeting Chinese AI and health care startups by 25% to $600 million, suggesting caution among global investors about the country’s tech scene. The firm, an early backer of Xiaomi, is part of a number of Chinese-based US-dollar funds actively seeking money to invest in a new generation of startups.

Must Read

The latest venture capital investing statistics again show artificial intelligence startups are dominating the fundraising, Kate Clark reports in today’s Tech In Depth. And those numbers have spurred whispers among some VCs about a bubble that may burst, she writes.

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This Week in Game On

Toshihiro Kondo, CEO of Japanese video game developer Falcom, first became a fan when he saw the popular Space Invaders game being played in an arcade he was still too young to enter, Jason Schreier reports in this week’s Game On. That initial fascination has never left and Kondo’s enthusiasm as a gamer is among the reasons he has been able to steer the company successfully the past two decades, Shreier writes. 

Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier.

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