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It's NewsBreak, based in Mountain View.
by tzm 2y ago
It's NewsBreak, based in Mountain View.
- cainxinth 2y ago> Reuters spoke to seven former NewsBreak employees, including five who said most of the engineering work behind the app's algorithm is carried out in its China-based offices. > NewsBreak is a privately held start-up, whose primary backers are private equity firms San Francisco-based Francisco Partners, and Beijing-based IDG Capital, NewsBreak told Reuters. > In February, IDG Capital was added to a list of dozens of Chinese companies the Pentagon said were allegedly working with Beijing's military. > A 2022 company roster reviewed by Reuters showed that 100 of NewsBreak's 137 engineers at the time were based in China. > Pearlstine, the former NewsBreak consultant, said NewsBreak's ability to demonstrate it is a U.S. company was critical. "The long term health of NewsBreak was dependent on its being perceived as a California company and that the more the leadership was in Mountain View, the better it would be for the company," he said.