After operating in secrecy for years, a startup company called R3 Bio, in Richmond, California, suddenly shared details about its work last week—saying it had raised money to create nonsentient monkey “organ sacks” as an alternative to animal testing. In an interview with Wired, R3 listed three investors: billionaire Tim Draper, the Singapore-based fund Immortal…
Historically, global companies have expanded into China through joint ventures with local companies. It is now easier than ever to expand into China alone through a Wholly Foreign-Owned Enterprise.