Citi's Rizvi Sees 100 Hires in China Over Next Years
THE SO WHAT
Citi planning 100 new banking hires after winning securities approval in China is another data point that global capital still wants direct exposure to Chinese corporates. If you’re building infra or tooling for cross-border finance, assume China-facing desks are not retreating from complexity anytime soon.
READ THE SOURCE
MORE FROM THE WIRE
Tech & InnovationTrump Media Q3: $409.7M profit fueled by gains on digital assets, vs. a Q3 2025 $54.8M loss, and sales of $3M, $1.8M from subscriptions like Truth API, Truth+
A $409.7M profit on digital asset gains against ~$3M in sales is a reminder that some “media tech” balance sheets are trading vehicles first, operating businesses second. Treat any API or subscription exposure here as politically and financially volatile, not a stable platform bet.
Tech & InnovationCalifornia voters fail to pass proposed one-time tax on billionaires’ wealth
The failure of Prop 40 — despite record Silicon Valley spend — keeps California’s current wealth and stock-based comp regime intact for founders and funds. For operators, it removes one near-term tax shock variable but reinforces that tech wealth is now a primary political battleground.
Tech & InnovationTrump backs embattled Hegseth and Jensen Huang and says FBI looking into spy allegations – video
When heads of state are publicly discussing alleged espionage around chip CEOs, semiconductors are fully in the national security theater. Sensitive: true
Tech & InnovationChina plans an LED sphere a third bigger than the Las Vegas original, but for now it only exists on paper
China chasing a Vegas-style LED sphere at larger scale and lower cost is another example of experience infrastructure as soft power. For vendors, the bar on immersive, city-scale displays is moving from novelty to expected amenity in tier-1 markets.