IT

Major challenges that foreign multinational corporations (MNCs) face when doing business in emerging markets, such as China, can be conceptualized in terms of the risks that host countries' institutions present to them.

This is a provisional study ahead of a full paper presented at the annual conference of the Institute for Small Business and Entrepreneurship (ISBE) in Cardiff, Wales, in 2021.

Entrepreneurial ventures are an important source of economic growth and technological advance. China is a vibrant entrepreneurial setting, second only to the US in total startup numbers and funding amounts.

Innovative region: China

Innovative region: USA

Sector report: services

Lockscreen content provider Glance is raising $200m from Jio Platforms at a unicorn valuation while Sobot, Smart Logic and Akulaku each secured $100m.

The newly formed OpenSea Ventures comes weeks after its NFT marketplace parent raised $300m, and it forms part of a surging corporate investment community in the space.

DMG Ventures contributed to a $50m round for online stationery brand Papier while Hannover Digital Investments helped cross-border payment service Vitesse secure $26m.

Every day, Global University Venturing rounds up investments from across the university innovation ecosystem in its deal net.

The NEC-backed quantum computing system developer will list on the New York Stock Exchange. The company is part of the budding quantum computing tech space in which corporates are taking increasing interest.