Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely, that will see the automotive firm become its third-largest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll’s Yew Tree, which is currently the Aston Martin’s largest stakeholder, at 335… Continue reading Aston Martin stock soars after $295m investment by China’s Geely
Category: Tech News
Category Added in a WPeMatico Campaign
Twitter faces lawsuit for allegedly getting a Saudi dissident imprisoned
The plaintiff accuses Twitter of giving Saudi access to user information. In December 2022, former Twitter employee Ahmad Abouammo was found guilty of taking bribes from Saudi Crown Prince Mohammed bin Salman in return for sensitive account information on dissidents using the website. Now, the sister of Abdulrahman al-Sadhan, who was allegedly kidnapped and tortured… Continue reading Twitter faces lawsuit for allegedly getting a Saudi dissident imprisoned
Indian data analytics firm Course5 Intelligence closes $28m funding roundThe firm will be raising another $27m shortly.
Indian data analytics company Course5 Intelligence on Thursday said it has closed a $28-million funding round led by 360 ONE Asset Management Ltd and will be raising another $27 million from other premier investors shortly. Course5 Intelligence aims to enable organisations to solve complex issues relating to their customers, markets, and supply chain at speed… Continue reading Indian data analytics firm Course5 Intelligence closes $28m funding roundThe firm will be raising another $27m shortly.
Asia Digest: Bain Capital buys IDAJ; Sojitz acquires CPE’s used car unit
Bain Capital has acquired Japan-based engineering and software firm IDAJ, while Japanese conglomerate Sojitz has bought Australia-based CPE Capital’s used car unit. IDAJ deal said to be around $147m Bain Capital has acquired Japan-based engineering and software firm IDAJ for approximately $147 million, AVCJ reported, citing local media. The size of the investment was not… Continue reading Asia Digest: Bain Capital buys IDAJ; Sojitz acquires CPE’s used car unit
GIC-backed Vietnamese tech firm VNG eyes $100m funding round
Vietnamese internet company VNG Corp, which is backed by Singapore sovereign wealth fund GIC, is looking to raise $100 million in a fresh funding round, according to two sources with knowledge of the matter. The Ho Chi Minh City-headquartered company, whose businesses include online games, payment, cloud services and the country’s most popular messaging app… Continue reading GIC-backed Vietnamese tech firm VNG eyes $100m funding round
Chinese VC major Qiming holds final close of seventh RMB fund at $928mThe new fund is the largest RMB vehicle raised in China’s VC market so far this …
Qiming Venture Partners, the Chinese venture capital (VC) firm that has invested in the country’s smartphone maker Xiaomi Corp and food delivery giant Meituan, on Thursday announced that it has hit the final close of a new Chinese yuan fund at 6.5 billion yuan ($928.3 million). As Qiming’s seventh flagship RMB fund, the vehicle will… Continue reading Chinese VC major Qiming holds final close of seventh RMB fund at $928mThe new fund is the largest RMB vehicle raised in China’s VC market so far this …
Sony eyes finance unit listing, doubles down on entertainment
Sony Group Corp on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. Sony said it is considering a time frame of two to three years to spin off Sony Financial Group – whose operations… Continue reading Sony eyes finance unit listing, doubles down on entertainment
Amazon’s cloud computing unit to invest $13b in India by 2030
Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on Thursday it plans to invest 1.06 trillion rupees ($13 billion) in India by 2030, doubling down on its past investments to cater to an ever-growing demand. The latest investment will be used to build its cloud infrastructure in India and it will… Continue reading Amazon’s cloud computing unit to invest $13b in India by 2030
Hua Hong Semiconductor’s $2.6b China listing bags approval
Chinese chipmaker Hua Hong Semiconductor Ltd said it had received Shanghai Stock Exchange approval for its planned $2.6 billion share listing, which is expected to be one of the country’s biggest this year. Hong Kong-listed Hua Hong’s plan for a secondary listing on Shanghai’s STAR Market has been approved by the bourse’s listing committee, and… Continue reading Hua Hong Semiconductor’s $2.6b China listing bags approval
SG’s PrimeMovers partners Linggotto to pick majority in Malaysia’s EngTek
Singapore-based private equity firm PrimeMovers Equity has partnered with London-headquartered investor Lingotto Investment Management to acquire a majority stake in Malaysian company EngTek Group. EngTek Group is a die-casting and precision machining components manufacturer based in Penang, Malaysia. The transaction values the company at about S$150 million (about $112 million), according to the announcement. PrimeMovers… Continue reading SG’s PrimeMovers partners Linggotto to pick majority in Malaysia’s EngTek