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Softbank, Google join $1.9 billion investment in China truck-hailing firm
BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday......»»
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors and shed more light on the $500 billion megaproje.....»»
China Evergrande New Energy Vehicle Company Attracts 6 Investors To Raise $3.4 billion
The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported. read more.....»»
The UK will spend $1 billion on a moonshot agency to fund cutting-edge tech and compete with the US and China
REUTERS.....»»
Tesla plans to expand car parts production capacity in Shanghai: government document
Tesla Inc plans to increase its production capacity for certain car parts at its $2 billion factory in China, according to a government document seen by Reuters, as it pushes to localize its supply chain in the world's biggest auto market......»»
Disney plays up local ties in China amid trade standoff
SHANGHAI (Reuters) - Shanghai Disneyland should be viewed as a local company in China, Walt Disney said on Thursday, shrugging off concerns that U.S.-China trade tensions could affect visitor numbers or import costs for the $5.5 billion theme park......»»
Exclusive: China"s HNA Group seeks up to $1.5 billion in new fund - document
(Reuters) - A unit .....»»
China fund managers slash ZTE valuation after U.S. sanction
SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival......»»
China"s Xiaomi cuts valuation to $55 billion-$70 billion: sources
SHANGHAI/HONG KONG (Reuters/I.....»»
BMW signs battery order with China"s CATL
SHANGHAI (Reuters) - BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China's lithium battery maker Contemporary Amperex Technology Ltd (CATL) , the German carmaker said on Thursday......»»
Alibaba, Tencent lead $1.5 billion investment in China media group CMC
SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd ......»»
Hedge Fund and Insider Trading News: Bridgewater Associates, Winton Capital, Heron Therapeutics Inc (HRTX), Accuray Incorporated (ARAY), and More
Hedge Funds Bridgewater, Winton Register to Launch Products in China (Reuters) SHANGHAI (Reuters) – Renowned global hedge fund man.....»»
IMF: The US trade war could cost the global economy $430 billion
REUTERS/China Daily The global economy could lose $430 billion — or 0.5% of GDP — by 2020 if Trump's tariffs against China continue to escalate, the International Monetary Fund warned. The US could be the "focus of .....»»
Warburg Pincus plans to raise up to $4 billion for new China fund: sources
Warburg Pincus LLC is looking to raise its second China-focused private equity fund of up to $4 billion, giving the U.S. investment firm more firepower to cut deals in the world’s second-largest economy, sources told Reuters......»»
SoftBank"s Vision Fund to hire China team, set up mainland office: sources
The SoftBank-led Vision Fund is hiring an investment team to be based in China as the $100 billion investment giant expands in one of the world's most vibrant tech markets, two people with direct knowledge of the move told Reuters......»»
Exclusive: KKR, China"s Tencent eyeing bids for Universal Music - sources
U.S. buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion), sources told Reuters......»»
Softbank"s Vision Fund could go public in a $300 billion SPAC deal, report says
Softbank's Vision Fund is the world's largest tech venture capital firm and could list on the Amsterdam stock exchange via SPAC this year. Reuters/Issei .....»»
Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report
The expanded Shanghai plant, which makes Model 3 and Model Y cars, would have allowed Tesla to produce 200,000 extra vehicles, sources told Reuters. Elon Musk walks with former Shan.....»»
Tesla halts Shanghai land extension due to U.S., China tensions, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Apple Looks To Make iPads in India This Year, In A Shift Away From China: Report
Apple Inc (NASDAQ: AAPL) is looking to begin manufacturing its iPad devices in India this year in a bid to move away from Chinese manufacturing, Reuters reported Th read more.....»»