Biotech firm VectorBuilder has bagged 410 million yuan ($57.1 million) in a Series C round, while autonomous driving firm Autowise.ai has notched up almost $14 million in a Series B3 round. VectorBuilder notches $57m in a Series C round VectorBuilder, which designs, develops, and optimises gene delivery solutions for research institutes and pharma companies, has… Continue reading China Digest: Legend Capital invests in VectorBuilder; Autowise.ai secures $14m
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Elon Musk’s X app for ‘everything’ might be a non-starter in the US
As Elon Musk again nears a deal to buy Twitter, speculation is resurfacing around how the billionaire plans to transform the social network. Musk’s tweet this week offered a clue: “Buying Twitter is an accelerant to creating X, the everything app.” While Musk didn’t elaborate on what X would look like, many reckon he’s aspiring… Continue reading Elon Musk’s X app for ‘everything’ might be a non-starter in the US
Automotive Artificial Intelligence Market Report 2022: Increasing Demand for Premium Vehicles Presents Opportunities
DUBLIN, Sept. 23, 2022 /PRNewswire/ — The “Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The global automotive artificial intelligence market size is projected to grow from USD… Continue reading Automotive Artificial Intelligence Market Report 2022: Increasing Demand for Premium Vehicles Presents Opportunities
Ride-hailing and Taxi Market to Reach $432.16 Billion at a CAGR of 11.7%
DUBLIN, Sept. 19, 2022 /PRNewswire/ — The “Ride-hailing and Taxi Market Size, Share & Trends Analysis Report by Type (Ride-hailing, Taxi), by Distribution Channel, by Region, and Segment Forecasts, 2022-2028” report has been added to ResearchAndMarkets.com’s offering. The global ride-hailing and taxi market size is estimated to reach USD 432.16 billion by 2028 and is… Continue reading Ride-hailing and Taxi Market to Reach $432.16 Billion at a CAGR of 11.7%
SoftBank said to weigh launching third Vision FundThe fund will likely launch early next year if the Japanese tech conglomerate decides to proceed
Japan’s SoftBank Group Corp is considering launching a third Vision Fund, likely using its own capital, a source familiar with the matter said on Wednesday. The fund’s size has not been finalised and will likely launch early next year if the Japanese tech conglomerate decides to proceed, the source said, adding that SoftBank is also… Continue reading SoftBank said to weigh launching third Vision FundThe fund will likely launch early next year if the Japanese tech conglomerate decides to proceed
China urges platform companies to protect rights of gig workers
China urged platform companies to protect the rights of gig workers, according to a joint statement issued the human resources ministry and other ministries on Tuesday, after a meeting between regulators and the companies last Friday. The 11 companies that took part included take-out delivery platforms Meituan, ele.me and ride-hailing firm Didi Global, the Ministry of… Continue reading China urges platform companies to protect rights of gig workers
Ride Sharing Market to Reach USD 126760 Million by 2028 at a CAGR of 19.8% | Valuates Reports
BANGALORE, India, Sept. 13, 2022 /PRNewswire/ — The Ride Sharing Market is Segmented by Type (PC Terminal, Mobile Terminal), by Application (Age 18-24, Age 25-34, Age 35-44, Age 45-54, Age 55-64): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Travel Category. The global Ride Sharing market size is projected to reach… Continue reading Ride Sharing Market to Reach USD 126760 Million by 2028 at a CAGR of 19.8% | Valuates Reports
AMPLY Power rebrands as bp pulse, sets sights on global expansion
AMPLY Power, the electric vehicle (EV) fleet charging and energy management solutions provider acquired by bp in 2021, will now operate under the name bp pulse. Under bp’s global electrification brand, AMPLY’s innovative products and services will expand to new regions globally. The rebranding introduces bp pulse to the US and wider Americas, following a… Continue reading AMPLY Power rebrands as bp pulse, sets sights on global expansion
China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration of China (CAC), told a news conference on Friday the agency was supportive… Continue reading China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
Alibaba, JinkoSolar hold onto investor favour after China stock selloff
Global institutional investors last quarter scaled down their holdings of some U.S.-listed Chinese stocks at risk of delisting from the U.S., but several companies such as e-commerce giant Alibaba Group Holding Ltd. and solar panel manufacturer JinkoSolar Holding Co. Ltd. remained in favor with some investors. Major investors including BlackRock Inc. and Morgan Stanley sold… Continue reading Alibaba, JinkoSolar hold onto investor favour after China stock selloff