China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out… Continue reading Tencent plans to sell all or bulk of Meituan stake worth $24b
Tag: Didi
Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Xiangdao Chuxing, the ride-hailing service backed by China’s largest carmaker, completed a 1 billion yuan ($148 million) fundraising that brings in an autonomous driving startup as new investor, the company said Monday. The latest funding round valued SAIC Motor Corp.-affiliated Xiangdao at $1 billion. Largest shareholder SAIC Motor, self-driving company Momenta and Gaohang (Tianjin) Management… Continue reading Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Now Elon Musk Is Telling China’s Censors About His Vision for the Future
(Bloomberg) — Tesla Inc.’s Elon Musk contributed a column to the official publication of the Cyberspace Administration of China, the powerful agency that oversees data security for companies from Alibaba to Tencent and works with other government entities to censor online content. The billionaire laid out a familiar vision for how technology can ensure humanity’s… Continue reading Now Elon Musk Is Telling China’s Censors About His Vision for the Future
Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his… Continue reading Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
With Alibaba stake sale, SoftBank’s Son cools towards China techSon was formerly one of the sector’s biggest cheerleaders
SoftBank Group Corp’s decision to sell down its Alibaba Group Holding stake for a $34-billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen. Amid… Continue reading With Alibaba stake sale, SoftBank’s Son cools towards China techSon was formerly one of the sector’s biggest cheerleaders
Global Shared Mobility Start-ups Strategic Overview Report 2022: Europe Dominates the Shared Mobility Start-up Space, with More than 50% of the Start-ups Headquartered in the EU G5
DUBLIN, Aug. 11, 2022 /PRNewswire/ — The “Strategic Overview of the Start-ups Disrupting Shared Mobility, Global, 2022” report has been added to ResearchAndMarkets.com’s offering. In 2021, the market opportunity from shared mobility was approximately $336.9 billion. This is expected to cross $994.5 billion in 2030, accounting for the changes in the market due to the… Continue reading Global Shared Mobility Start-ups Strategic Overview Report 2022: Europe Dominates the Shared Mobility Start-up Space, with More than 50% of the Start-ups Headquartered in the EU G5
DDPAI Z50 4KDUALDASH CAM LAUNCH
The Finer, The Mightier SHENZHEN, China, Aug. 8, 2022 /PRNewswire/ — On August 8th, DPPAI unveils the Z50 dash cam model, As in Z-series, continues the preview screen and sleek design but upgraded details with powerful performance. The finer, the mightier. 4K Dual Dash Cam, Focus on Finer Details Continue Reading The DDPAI Z50 comes with a front… Continue reading DDPAI Z50 4KDUALDASH CAM LAUNCH
DDPAI Z50 4K DUAL DASH CAM LAUNCH
The Finer, The Mightier SHENZHEN, China, Aug. 8, 2022 /PRNewswire/ — On August 8th, DPPAI unveils the Z50 dash cam model, As in Z-series, continues the preview screen and sleek design but upgraded details with powerful performance. The finer, the mightier. 4K Dual Dash Cam, Focus on Finer Details Continue Reading Z50 Banner Z50 Features The DDPAI Z50… Continue reading DDPAI Z50 4K DUAL DASH CAM LAUNCH
Uber turns the corner, generates massive pile of free cash flow in Q2
The question of whether Uber would be able to self-support was at least partially answered Tuesday with the company’s second quarter earnings report. In its Q2 digest, the American ride-hailing and food delivery giant reported positive free cash flow, indicating that it can now self-fund, putting to rest — at least in today’s market —… Continue reading Uber turns the corner, generates massive pile of free cash flow in Q2
China battery maker Gotion raises $685m in Swiss listingGotion makes lithium-ion power batteries used in EVs and counts Volkswagen as a strategic part…
Chinese battery maker Gotion High Tech Co raised $685 million in a public share sale on the SIX Swiss Exchange, joining other Chinese firms rushing to tap an expanded stock connect program. GEM Co Ltd, a battery and material recycler, also completed a share sale in Switzerland, raising $346 million. Gotion sold 22.83 million global depository receipts (GDRs),… Continue reading China battery maker Gotion raises $685m in Swiss listingGotion makes lithium-ion power batteries used in EVs and counts Volkswagen as a strategic part…