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Search resuls for: "Kate O'Keeffe"


5 mentions found


☆ TikTok Security Dilemma Revives Push for U.S. Control
  + stars: | 2022-12-26 | by ( Stu Woo | Kate O'Keeffe | Aruna Viswanatha | ) www.wsj.com   time to read: 1 min
TikTok is used by more than 100 million Americans, and businesses see it as a way to connect with customers. Security concerns over TikTok have led some Biden administration officials to push for a sale of the Chinese-owned company’s U.S. operations to ensure Beijing can’t harness the app for espionage and political influence, according to people familiar with the situation. The proposal for a forced sale has arisen in discussions by the Committee on Foreign Investment in the U.S., an interagency government panel that has been negotiating with TikTok for more than two years on a way to wall off the company’s data and operations from the Chinese government, the people said.
☆ TuSimple Co-Founder Ousts Board That Fired Him Last Month
  + stars: | 2022-11-10 | by ( Kate O'Keeffe | Heather Somerville | ) www.wsj.com   time to read: 1 min
TuSimple was founded in 2015 and went public in April 2021, raising more than $1 billion at an $8.5 billion valuation in the process. Co-founder and former chief executive of TuSimple Holdings Inc. Xiaodi Hou combined forces with another major shareholder to oust the self-driving trucking company’s board of directors, according to a securities filing Thursday. The extraordinary move by Mr. Hou and fellow TuSimple co-founder Mo Chen follows the board’s decision on Oct. 30 to oust Mr. Hou from his roles as CEO and chairman. Board members at the time said they made the move in connection with a continuing investigation they were conducting into TuSimple’s relationship with a Chinese startup called Hydron Inc.
☆ TuSimple Fires Its CEO Xiaodi Hou Amid Probe
  + stars: | 2022-10-31 | by ( Heather Somerville | Kate O'Keeffe | ) www.wsj.com   time to read: 1 min
Xiaodi Hou, the co-founder and former chief executive of San Diego-based TuSimple. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
☆ TuSimple Fires CEO Xiaodi Hou Amid Federal Probes
  + stars: | 2022-10-31 | by ( Heather Somerville | Kate O'Keeffe | ) www.wsj.com   time to read: 1 min
Xiaodi Hou was ousted as chief executive of TuSimple, which faces probes of whether it improperly financed and transferred technology to a Chinese startup. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
☆ TuSimple Probed by FBI, SEC Over Its Ties to a Chinese Startup
  + stars: | 2022-10-30 | by ( Heather Somerville | Kate O'Keeffe | Yang Jie | ) www.wsj.com   time to read: 1 min
TuSimple Holdings Inc., a U.S.-based self-driving trucking company, faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup, according to people with knowledge of the matter. The people said the concurrent probes by the Federal Bureau of Investigation, Securities and Exchange Commission and Committee on Foreign Investment in the U.S., known as Cfius, are examining TuSimple’s relationship with Hydron Inc., a startup that says it is developing autonomous hydrogen-powered trucks and is led by one of TuSimple’s co-founders.
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