Go big or go home — that could describe Tencent’s aggressive investment philosophy, one whose pace will not ease, according to Martin Lau, president of the China-based internet firm that is responsible for WeChat and other digital tools. According to Reuters, Lau “said 2018 was...
Alibaba, the Chinese eCommerce giant, has increased its stake in China International Capital Corp. to close to 12 percent, reported Reuters. Alibaba purchased 117 million CICC H-shares listed in Hong Kong at an average price of HK$15.50, Reuters reported, citing an exchange disclosure. The total investment was HK$1.81...
HSBC, the global bank, expressed caution on Tuesday (Feb. 19) that it may be forced to put off some investments in 2019 as it contends with slowing growth in China and the U.K. According to a report in Reuters, citing the bank, HSBC’s warning came in...
European tech startups are getting a new source of funding thanks to a new $200 million investment from Japan-based SoftBank. The news comes as concern builds about young companies spending too much and not holding enough capital as worries about the global economy increase. SoftBank...
GoCardless, the global player in recurring payments, announced Monday (February 18) it has landed $75 million in venture funding. In a press release, the U.K. payments company said the Series E investment included new investors Adam Street Partners, GV (formerly Google Ventures) and Salesforce Ventures...
China is looking for foreign investment in its larger state-owned enterprises (SOEs). According to Reuters, the SOEs have been undergoing reforms since 2016 in an effort to make them more competitive. Some of the changes include introducing private capital, putting an end to overcapacity, shutting down “zombie”...
One month after home selling platform Knock raised $400 million in a Series B round, rival Opendoor is reportedly looking for $200 million in funding. The company, which filed documents in Delaware that mentioned a “Series E-2,” is looking for a valuation of $3.7 billion, according to...
Following the unveiling of its electric vehicle concepts in 2018, Rivian Automotive LLC has notched a $700 million equity investment led by Amazon. And the electric automaker, which is based in Michigan, is reportedly in discussions with General Motors about potential funding, Bloomberg reported. Rivian...
TuSimple, a driverless truck startup in California, has achieved unicorn status — a valuation of $1 billion— after a series D funding round that brought in $95 million, according to a report by CNBC. The money will help the San Diego-based company grow its...
