Category: Tech News

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China’s Zhongning Silicon Industry bags over $112m in fresh funding round

Zhejiang Zhongning Silicon Industry, which makes silane gas and electronic-grade polysilicon used in integrated circuit industry, has secured 800 million yuan ($112.7 million) in a fresh funding round led by China-focused private equity investment firm Phoenix Tree Capital Partners.  Beijing-based Phoenix Tree Capital Partners, which manages venture capital, mergers and acquisitions, private investment in public… Continue reading China’s Zhongning Silicon Industry bags over $112m in fresh funding round

China’s Richen Capital hits first close of Fund V at $141m, targets $282m

Richen Capital has held the first close of its fifth flagship fund at over 1 billion yuan ($140.8 million), as the Chinese investment firm targets to hit the final close of 2 billion yuan ($281.6 million) within the next 12 months. China-based Richen Capital, which has over 10 billion yuan ($1.4 billion) in accumulated assets… Continue reading China’s Richen Capital hits first close of Fund V at $141m, targets $282m

Autonomous delivery startup Nuro taps simulation company Foretellix to cut R&D costs

Autonomous delivery startup Nuro has struck a deal with safety-focused software company Foretellix to help with virtual testing of its automated driving system, in a bid to cut R&D costs while still pushing the technology forward. The partnership, which the companies are set to announce later Thursday, comes in the wake of a tumultuous stretch… Continue reading Autonomous delivery startup Nuro taps simulation company Foretellix to cut R&D costs

The Peloton story: everything you need to know

Peloton was a pandemic darling — one of the businesses that seemed to find its purpose as something more than a cultish fad when the world shut down. And then, everything went horribly wrong. First, the supply chain issues with monthslong delays for bikes that irked new customers. Then, a disastrous recall affected both of… Continue reading The Peloton story: everything you need to know

India Digest: Invesco marks up Swiggy’s valuation; MobiKwik revives IPO planInvesco had marked up its valuation to $7.85b in Oct from $5.5b previously…

Invesco has marked up the valuation of food delivery startup Swiggy by 9%, while MobiKwik is set to raise $105.7 million via a through an IPO. Invesco marks up Swiggy’s valuation to $8.3b US-based Invesco has marked up the valuation of food delivery startup Swiggy by 9% to $8.3 billion. The asset management company, which… Continue reading India Digest: Invesco marks up Swiggy’s valuation; MobiKwik revives IPO planInvesco had marked up its valuation to $7.85b in Oct from $5.5b previously…

India’s Gujarat state in investment talks with chipmakers from Japan, US, South KoreaThe state is holding its biennial Vibrant Gujarat Global Summit n…

India’s Gujarat state is in talks with semiconductor companies in Japan, South Korea and the US for investment in the state, Gujarat Chief Minister Bhupendra Patel told Reuters on Thursday. Gujarat, which is Prime Minister Narendra Modi’s home state, is holding its biennial Vibrant Gujarat Global Summit next week and has signed initial investment agreements… Continue reading India’s Gujarat state in investment talks with chipmakers from Japan, US, South KoreaThe state is holding its biennial Vibrant Gujarat Global Summit n…

State-owned insurer New China Life to build $1.4b fund for property investments

New China Life Insurance is partnering with CICC Capital in the formation of a 10-billion-yuan ($1.4 billion) fund for investments in companies with real estate assets, as the state-owned life insurer joins an array of domestic peers bottom-fishing in the country’s property market. Beijing-based New China Life intends to contribute 9.999 billion yuan ($1.4 billion)… Continue reading State-owned insurer New China Life to build $1.4b fund for property investments

Ford raises — and lowers — prices on its F-150 Lightning pickups

/ Pricing for the most affordable F-150 EV trims has increased by up to $10,000, while up to $7,000 has been shaved off the more premium Platinum models. By Jess Weatherbed, a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Share this… Continue reading Ford raises — and lowers — prices on its F-150 Lightning pickups