Tag: china
JD Logistics, China’s answer to Amazon’s logistics ambitions, to raise $3.4B from IPO
After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion, according to its…
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European AI needs strategic leadership, not overregulation
Mark Minevich Contributor Mark Minevich is president of Going Global Ventures, an adviser at Boston Consulting Group, a digital fellow at IPsoft and a leading global AI expert and digital cognitive strategist and venture capitalist. More posts by this contributor Use AI responsibly to uplift historically disenfranchised people during COVID-19…
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Xbox teams up with Tencent’s Honor of Kings maker TiMi Studios
TiMi Studios, one of the world’s most lucrative game makers and is part of Tencent’s gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbox. The succinct announcement did not mention whether the tie-up is for content development or Xbox’s console distribution in China but…
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Vitalik Buterin donates $1 billion worth of ‘meme coins’ to India COVID Relief Fund
Vitalik Buterin, the creator of Ethereum, on Wednesday donated Ethereum and “meme coins” worth $1.5 billion in one of the largest-ever individual philanthropy efforts. Buterin transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transaction, to the India…
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Juul inventor’s Myst lands funding as institutional investors turn to China’s e-cigs
Over the past several years, institutional investors had largely shied away from China’s e-cigarette makers, an industry that was teeming with shoddy workshops and lacked regulatory oversight. But investors’ attitude is changing as China sets in motion its strictest ever regulation on electronic cigarettes. Myst Labs, a Chinese e-cigarette maker…
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SoftBank leads $15M round for China’s industrial robot maker Youibot
SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm…
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