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Fossil fuel companies among winners of $7bn in US hydrogen funds

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Fossil fuel companies among winners of $7bn in US hydrogen funds

Heritas Capital commits $1.5m to Singapore social enterprise Bettr Group

Singapore-based private equity and venture capital investment firm Heritas Capital has invested S$2 million ($1.5 million) in Bettr Group, a social enterprise focused on specialty coffee and beverages, according to an announcement on Friday. The investment marks the first deployment from Heritas’s Asia Impact First Fund (AIFF), which secured a $20 million first close in… Continue reading Heritas Capital commits $1.5m to Singapore social enterprise Bettr Group

PE giant KKR prepares binding bid for Telecom Italia’s grid as deadline looms

U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TIM) landline grid by a deadline on Sunday as part of a government-backed plan to reshape the former phone monopoly, people familiar with the matter said. A deal with KKR is the centrepiece of TIM CEO Pietro Labriola’s strategy to reshape… Continue reading PE giant KKR prepares binding bid for Telecom Italia’s grid as deadline looms

Celebrated Chinese fund manager Wang detained and under probe

Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old founder of Qianhe Capital Management in Shenzhen and Top Ace Asset Management in Hong Kong is the latest high-profile Chinese business executive to be investigated… Continue reading Celebrated Chinese fund manager Wang detained and under probe

Chinese state-affiliated investors inject $149m into DiDi’s self-driving tech arm

DiDi Autonomous Driving, the self-driving technology arm of DiDi Global, said it will bag up to $149 million from state-affiliated investors including GAC Capital, the wholly-owned subsidiary of automaker GAC Group; and Guangzhou Development District Investment Group.  The self-driving arm said it will continue its investment in R&D as well as accelerate its product implementation… Continue reading Chinese state-affiliated investors inject $149m into DiDi’s self-driving tech arm

German Manager Magazine: Electric car: Germany doubles electric car exports, imports from China also increase significantly002797

German exports Electric cars have increased significantly since the beginning of the year. In the first eight months, 520,000 electric vehicles worth 23.9 billion euros were delivered abroad, the Federal Statistical Office announced on Friday. This increased it export In terms of volume, this was more than double the same period last year (255,000 units… Continue reading German Manager Magazine: Electric car: Germany doubles electric car exports, imports from China also increase significantly002797