The founder of Evergrande, the property giant at the centre of China’s housing market slump, has been sentenced to life in prison and had all of his personal property confiscated. Hui Ka Yan pleaded guilty in April to several charges, including embezzlement of assets and corporate bribery. Shenzhen Intermediate People’s Court also fined his former
Rillet, a two-year-old startup building what it calls the first truly AI-native accounting platform, has raised a $100 million Series C at a $1 billion valuation, the company told Fortune exclusively—joining the ranks of AI-era unicorns racing to unseat decades-old enterprise software giants. The round, led by ICONIQ with participation from returning backers Sequoia Capital,
Bill Rasmussen, a former local-news sports director who parlayed an interest in the nascent business of satellite television into the launch of the sports-media giant known as ESPN, has died after a battle with Parkinson’s disease. The entrepreneur and founder was 93 years old. Rasmussen in 1978 was idling in traffic on Connecticut’s Interstate 84
Some of the world’s most powerful tech billionaires think your next job posting could come from another planet. Elon Musk, Jeff Bezos, and Sam Altman have all predicted a future where humans live and work in space. Now, Voyager Technologies founder and CEO Dylan Taylor is backing them up—and he’s putting a very soon timeline
Emma Yates, chief scientific officer at Proteotype Diagnostics, would like to see more funding and support for founders during parental leave. Credit: Wesley Sukdao, Proteotype CEO An estimated 25 million women across the world’s most advanced economies are being denied the opportunity to launch and develop their own businesses, and those who do typically have
Four years after the collapse in the market for NFTs, the crypto world is still reckoning with the fallout. The latest example came on Wednesday when the Department of Justice indicted a man on securities and wire fraud charges for allegedly orchestrating a $10 million cryptocurrency scheme through his crypto startup, Few and Far. The