Technology

TuSimple's board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+ (Wall Street Journal)

Photo of Grace Will Grace Will October 31, 2022
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Wall Street Journal:

TuSimple’s board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+  —  Self-driving trucking company’s leadership faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup



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