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China cracks down on its own tech companies, complicating U.S. IPO plans
U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big Tech companies, reminding them who's boss.
Why it matters: This complicates U.S. IPO plans for dozens of Chinese companies, and potentially revalues even more Chinese unicorns.
Taliban capture third-largest city in Afghanistan, 11th provincial capital in last week
Data: Al Jazeera and AP; Map: Axios Visuals
The Taliban captured the cities of Ghazni and Herat on Thursday, the 10th and 11th provincial capitals to fall to the militant group in recent days, AP reports.
Why it matters: Herat is the third-largest city in Afghanistan. Ghazni is the closest provincial capital to Kabul to fall to the Taliban — putting their frontlines within 100 miles of the heart of Afgahn government. Capturing Ghazni also cuts off a key highway linking it with Afghanistan's southern provinces.