Yazılar

China to Launch National Venture Capital Fund to Support Tech Startups

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China is set to establish a government-backed national venture capital guidance fund, which aims to mobilize 1 trillion yuan ($138.01 billion) from social capital to support technology startups. The fund will primarily focus on “hard technology” sectors, such as semiconductors, renewable energy, artificial intelligence (AI), quantum technology, and hydrogen energy storage, according to Zheng Shanjie, head of China’s state planner, the National Development and Reform Commission (NDRC).

This new investment vehicle will be structured as a public-private partnership, and it is designed to maintain long-term investment cycles, demonstrating greater risk tolerance. The goal is to support early-stage technology enterprises through market-based methods, allowing for greater flexibility and innovation.

The announcement came a day after Premier Li Qiang told lawmakers that China aims to sustain economic growth at approximately 5% this year, despite challenges posed by tariff pressures. As part of broader efforts to foster technological breakthroughs and enhance self-reliance, China also stated it would bolster support for AI application and venture capital investment.

The fund will prioritize cutting-edge technologies like AI and quantum computing, alongside energy innovations such as hydrogen energy storage. It will focus on investing in seed-stage and startup companies, leveraging market-oriented approaches to drive growth in these strategic areas, as reported by state media CCTV.

US Congressional Panel Urges Americans to Ditch China-Made Routers

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A U.S. congressional committee has called for Americans to remove Chinese-made wireless routers, particularly those produced by TP-Link, citing national security concerns. The House of Representatives Select Committee on China warned that these devices could serve as entry points for Chinese hackers aiming to infiltrate U.S. critical infrastructure. The committee has also urged the Commerce Department to investigate TP-Link Technology Co., the world’s leading seller of Wi-Fi routers by volume, according to research firm IDC.

At a hearing on Wednesday, former NSA cybersecurity director Rob Joyce stated that TP-Link routers exposed users to cyber vulnerabilities, which could be exploited by hackers to launch attacks on U.S. infrastructure. He emphasized the need for action, suggesting that Americans replace these devices to prevent them from being used in cyberattacks. Reports have also surfaced that U.S. authorities are considering a potential ban on the sale of TP-Link routers.

In response, TP-Link denied any links to the Chinese government, asserting that no government controls the design or production of its products. The company further clarified that it had separated from its former Chinese affiliate and now manufactures routers in Vietnam. TP-Link’s president, Jeff Barney, described the committee’s claims as “baseless” and without merit.

During the hearing, Democratic Representative Raja Krishnamoorthi advised against using TP-Link routers, holding one up as an example. He echoed concerns about the growing sophistication of Chinese government-linked hackers, stating that they were approaching parity with U.S. cyber capabilities. Rep. Krishnamoorthi also proposed a more aggressive approach, suggesting the U.S. might need to enlist private companies to counteract hackers.

In 2023, the Cybersecurity and Infrastructure Security Agency (CISA) identified a vulnerability in TP-Link routers that could be exploited to execute remote code. U.S. lawmakers have stressed the need for stronger cyber defenses and more proactive measures to deter Chinese hackers.

U.S. Indicts Chinese Hackers and Sanctions Tech Company Over Spy Campaign

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The U.S. government has announced new legal actions targeting alleged Chinese hackers, including multiple indictments and sanctions, in connection with a years-long espionage campaign. Federal authorities have charged 10 individuals in total, including eight employees from a Chinese tech company, i-Soon (also known as Anxun Information Technology), and two members of the Chinese Ministry of Public Security.

The indictment, made public on Wednesday, describes i-Soon as a key component in China’s “hacker-for-hire” ecosystem, claiming the company played a significant role in targeting global and U.S. entities. Among the alleged victims were the U.S. Defense Intelligence Agency, the Department of Commerce, Taiwan’s and South Korea’s foreign ministries, and several organizations critical of China, including news agencies. Additionally, the hackers infiltrated various religious groups, including a major U.S.-based religious organization.

The indictment outlines that i-Soon charged Chinese intelligence agencies between $10,000 and $75,000 for each email inbox they successfully breached, with added fees for data analysis. The charges against the individuals range from stealing sensitive personal and government data to orchestrating cyber-attacks on foreign governments.

In response, the Chinese embassy in Washington condemned the U.S. sanctions, emphasizing China’s opposition to what it called “long-arm jurisdiction” and vowed to take action to protect the rights of its citizens and companies.

Alongside the indictments, the U.S. Treasury Department announced sanctions against Shanghai-based Heiying Information Technology and its founder, Zhou Shuai, for allegedly selling stolen data and access to compromised U.S. infrastructure networks. Some of the stolen data was reportedly sold to a previously sanctioned Chinese hacker, Yin Kecheng, who was also indicted. Yin is linked to a prior breach of U.S. Treasury data.