With short-seller Hindenburg Research stating that it was going short on China’s Ebang International Holdings Inc, shares of the Chinese bitcoin mining machine producer slumped by nearly 20% in early trading. “Ebang claims to be a “leading bitcoin mining machine… Read More ›
In a statement to Automobilwoche weekly, Volkswagen unit Porsche said, it is participating in Rimac Automobili’s funding round which will see the electric supercar maker raise $157 million-$181 million (130 million-150 million euros). “The fundraising should be completed in two… Read More ›
Chinese ride-hailing giant Didi Chuxing is weighing an option for a multibillion-dollar initial public offering in Hong Kong in 2021, said sources with knowledge of the matter at hand. Earlier Didi Chuxing had aimed for a listing in New York…. Read More ›
Amazon intends to invest a substantial proportion of the $575 million funds that Deliveroo raised, into the gig economy. Amazon.com Inc intends to invest in UK food delivery app Deliveroo as part of a $575 million fundraising. The world’s biggest… Read More ›
The deal marks the coming of age of Asia focused funds, which are increasingly making strong headway in strong growth markets such as India, China and Japan. According to sources with direct knowledge of the matter at hand, the Carlyle… Read More ›
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
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