Silicon Valley-based autonomous vehicle startup Pony.ai has lured in $112 million, first round led by China-focused VC funds Morningside Venture Capital and Legend Capital, along with earlier investor Sequoia China.  A team of ex- Google and Baidu engineers used their knowhow to form Pony.ai in late 2016. Plans are to roll out a fleet of autonomous cars in Guangzhou, site of the startup's Chinese base.  

Softbank's Vision Fund is investing $560 million in online car deals Auto1 in Berlin. It's the first European deal for the Japanese conglomerate's mega fund. 

Three  Draper Venture Network  funds joined forces to invest $75 million in blockchain security company Ledger, in a Series B round.

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Former Cisco chairman John Chambers has launched a self-funded venture fund from Palo Alto focused on Iot, digital communications, security and agriculture. Given his role at the huge global telecommunications firm, wonder how many dollars will go toward Asia. 

Top Silicon Valley venture capitalist Michael Moritz , who spearheaded Sequoia Capital 's outreach to China and India and has been behind some of the Valley's most successful brands, sounds off in Vanity Fair about how the U.S. risks losing its superpower status to China in this era of Trump. 
In the Financial Times, Moritz aired that he believes the U.S. would be wise to follow China's lead, as least when it comes to work ethic and speed of innovation.  

The radical re-wiring of Europe's tech ecosystem.

China is escalating its restrictions on cryptocurrency trading, focusing on online platforms and mobile apps that provide exchange-like services, reports Bloomberg.