The listed electric vehicle (EV) arm of indebted property developer China Evergrande Group has entered into an agreement to raise $500 million in a strategic investment to keep its business afloat. NWTN, a Dubai-based mobility technology firm founded in 2016 by Chinese entrepreneur Alan Nan Wu, will invest $500 million in Hong Kong-listed China Evergrande… Continue reading Evergrande’s EV unit to raise $500m from Dubai’s NWTNEvergrande NEV had reported a combined net loss of $9.8b for 2021 and 2022.
Tag: Didi
SoftBank in talks to buy Vision Fund’s 25% stake in Arm: reportA deal would deliver a major windfall to investors including PIF and Mubadala.
SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, according to people familiar with the matter, potentially delivering a win for investors who have waited years for strong returns. The discussions… Continue reading SoftBank in talks to buy Vision Fund’s 25% stake in Arm: reportA deal would deliver a major windfall to investors including PIF and Mubadala.
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A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1),… Continue reading Untitled
Asia-Pacific Shared Mobility (Shared, Rental) Markets, 2023-2030: Increasing Traffic Congestion and Pollution to Support Market Growth
DUBLIN, Aug. 1, 2023 /PRNewswire/ — The “Asia-Pacific Shared Mobility Market By Service Type (Shared, Rental), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicles), By Booking Type (Online, Offline), By Commute Type (Inter-City, Intra-City) By Country, Competition, Forecast & Opportunities, 2018- 2030F” report has been added to ResearchAndMarkets.com’s offering. Asia-Pacific Shared Mobility Market is anticipated to… Continue reading Asia-Pacific Shared Mobility (Shared, Rental) Markets, 2023-2030: Increasing Traffic Congestion and Pollution to Support Market Growth
Chinese VC Fresh Capital closes $140m carbon-neutral RMB fund
Shanghai-based Fresh Capital, which mainly invests in early- to mid-stage venture deals, has closed a new RMB-denominated fund at 1 billion yuan ($139.5 million) to specialise in dealmaking in the carbon-neutral field. In a Monday statement, Fresh Capital said that limited partners (LPs) of the new fund include funds-of-funds (FOFs), government guidance funds in China,… Continue reading Chinese VC Fresh Capital closes $140m carbon-neutral RMB fund
Didi’s ride-hailing rival T3 bags almost $140m in extended Series A roundThe firm is pushing a pre-IPO financing round prior to its public listing pla…
Chinese ride-hailing firm T3 Chuxing has sealed its extended Series A round at 1 billion yuan ($139.9 million), led by local investment firm Hongtai Aplus. The firm, backed by state-owned automakers FAW Group, Dongfeng Motor, and Changan Automobile Group as well as Chinese tech juggernauts Tencent and Alibaba, is pushing a pre-IPO financing round prior… Continue reading Didi’s ride-hailing rival T3 bags almost $140m in extended Series A roundThe firm is pushing a pre-IPO financing round prior to its public listing pla…
Chinese online retailer Shein in talks with banks, exchanges for US IPOGoldman Sachs, Morgan Stanley and JPMorgan are among the banks helping it with …
China-founded online retailer Shein is working with at least three investment banks about a potential U.S. initial public offering, and has been in talks with the New York Stock Exchange and Nasdaq, people familiar with the matter said. Goldman Sachs, Morgan Stanley and JPMorgan Chase are among the banks helping Shein with its IPO preparation,… Continue reading Chinese online retailer Shein in talks with banks, exchanges for US IPOGoldman Sachs, Morgan Stanley and JPMorgan are among the banks helping it with …
Global EV Market and the Advancements in Auto-driving Technology Overview 2023: Growth of SAE Level 3 Cars Allowing Drivers to be Hands-Off are Expected to See Significant Growth by 2025
DUBLIN, June 13, 2023 /PRNewswire/ — The “Building a Collaborative Mobility Ecosystem” report has been added to ResearchAndMarkets.com’s offering. This report provides an overview of the global EV market and the advancements in auto-driving technology; explores the development of car cockpits, including in-car displays; examines the influence of ICT technology on the automotive industry from the… Continue reading Global EV Market and the Advancements in Auto-driving Technology Overview 2023: Growth of SAE Level 3 Cars Allowing Drivers to be Hands-Off are Expected to See Significant Growth by 2025
GIC, NewQuest back Everbridge’s $267m continuation fund: ReportThe two have reportedly made roughly equal commitments to the fund.
Singapore’s sovereign wealth fund, GIC, and NewQuest Capital Partners have backed a $267-million South Asia continuation fund by Everbridge Partners, a spinout from Capital Group Private Markets, per a report by AVCJ. The continuation fund follows a previous attempt two years ago when a larger deal involving some of the same assets failed to close… Continue reading GIC, NewQuest back Everbridge’s $267m continuation fund: ReportThe two have reportedly made roughly equal commitments to the fund.
Valeo invests in Didi for robotic cars
In order to provide you with an optimal experience, we use technologies such as cookies to store and/or access device information. If you agree to these technologies, we can process data such as surfing behavior or unique IDs on this website. If you do not give or withdraw your consent, certain features and functions may… Continue reading Valeo invests in Didi for robotic cars