A Warburg Pincus-led consortium has completed a $250-million investment in No Va Land Investment Group JSC (Novaland), a key member of NovaGroup, one of the leading developers in Vietnam, according to an announcement. The move is consistent with Warburg Pincus’s approach of backing best-in-class local partners in the market and marks the beginning of a… Continue reading Warburg Pincus leads $250m investment into Vietnamese developer Novaland
Category: Tech News
Category Added in a WPeMatico Campaign
Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company. Softbank Vision Fund 2 and Goldman Sachs led the Series D investment round in a… Continue reading Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
China’s military scientists call for development of anti-Starlink measures
China must develop capabilities to disable and maybe even destroy Starlink internet satellites, the country’s military researchers said in a paper published by the Chinese journal Modern Defense Technology. The authors highlighted the possibility of Starlink being used for military purposes that could aid other countries and threaten China’s national security. According to South China… Continue reading China’s military scientists call for development of anti-Starlink measures
Volvo will use Epic’s Unreal Engine to create ‘photorealistic’ graphics in its electric cars
Volvo will be the latest automaker to tap into the graphical prowess of Epic Games’ Unreal Engine. The Swedish automaker said it will partner with the Fortnite creator to bring “photorealistic visualization” into its next generation of electric vehicles. The crux of the Volvo / Epic partnership will be the “human-machine interface” (HMI), which, in… Continue reading Volvo will use Epic’s Unreal Engine to create ‘photorealistic’ graphics in its electric cars
China’s Yingke PE secures final close of RMB fund at $150m …
Yingke PE has raised 1 billion yuan ($150 million) for a new RMB-denominated fund in a sign that fundraising by blue-chip investment companies in China is largely immune to pandemic-induced city lockdowns and business suspensions. The Shanghai-based firm announced the closing of the RMB fund on Monday, right before authorities in the city ended a… Continue reading China’s Yingke PE secures final close of RMB fund at $150m …
HSBC to invest $448m in China ops, sees opportunities amid challenges
HSBC Holdings plans to invest more than 3 billion yuan ($448 million) in its China operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges for the economy but also opportunities for investment. Quinn said the investment would be carried out over a five-year period running until 2025 without specifying the divisions that would receive the cash. While… Continue reading HSBC to invest $448m in China ops, sees opportunities amid challenges
Asia Digest: Blackstone acquires assets in Japan; MSREI snags four logistics assets in China
Blackstone has joined forces with independent asset manager Alyssa Partners to acquire assets in four Japanese cities while Morgan Stanley Real Estate Investing has acquired a portfolio of four logistics assets in cities surrounding Shanghai from Singapore-based SC Capital Partners. Blackstone acquires assets in Japan for $157m PE firm Blackstone has joined forces with independent… Continue reading Asia Digest: Blackstone acquires assets in Japan; MSREI snags four logistics assets in China
US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
The Los Angeles-based Water and Power Employees’ Retirement Plan (WPERP) has finalised its $75-million commitment to LaSalle Investment Management’s sixth Asia real estate fund, according to the US pension fund’s May investment report accessed by DealStreetAsia. The had earlier committed up to $60 million from its Retirement Fund and up to $15 million from the… Continue reading US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
Porsche strengthens ties with electric supercar startup Rimac in new funding round
Porsche is strengthening its ties with Rimac, an electric supercar company, by participating in a $500 million investment round for the Croatia-based startup. Porsche didn’t disclose the exact amount it invested in Rimac, except to say it was “eight figures.” And Porsche won’t have a controlling interest in Rimac, retaining its previously disclosed 20 percent… Continue reading Porsche strengthens ties with electric supercar startup Rimac in new funding round
A blast from the past for the future: Is there room for Wuling’s retro Mini EV concept?
A new retro concept version of the Wuling Hongguang Mini EV has emerged in China and begs a number of questions. Will SAIC-GM-Wuling produce the retro Mini EV despite it being a third-party design? Would GM consider bringing the popular EV to the United States? And lastly, does a customer base just starting to dip… Continue reading A blast from the past for the future: Is there room for Wuling’s retro Mini EV concept?