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Former TuSimple co-founder urges courts to block asset transfer to China
Xiaodi Hou, the co-founder and former CEO of self-driving trucking startup TuSimple, has urged a California district court to issue a temporary
Hou, who plans to apply for a temporary restraining order in December during the next scheduled court hearing, is hoping to keep TuSimple from moving tens of millions of dollars in cash to China. But as the year progressed, TuSimple slashed its workforce, ceased self-driving operations, and began hiring staff to handle jobs related to AI gaming and animation. Hou this week urged the court to issue a temporary restraining order after noticing a filing by TuSimple China that signaled the company was about to transfer money (or already had) out of the United States.
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