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Chinese EV brands Zeekr and Lynk & Co have been reportedly integrating their business operations. Recent media reports revealed that at the time of the merger between Lynk & Co and Zeekr, Polestar also began preparations to merge into Zeekr, but the merger has now been paused. A source close to Geely Holding revealed that […]
On its tenth anniversary, the Chairman and CEO of SenseTime, Xu Li, announced in an internal letter to all employees a new tripartite strategy, which is focused on “large devices, large models, and applications,” and involves substantial organizational and talent structure optimizations and adjustments. In a strategic move to alleviate financial pressures, SenseTime has discreetly […]
Recently, Didi Autonomous Driving completed a C-round financing of $298 million, led by GAC Group with participation from Didi. The financing will be used to increase investment in autonomous driving technology research and development, accelerating the launch of the first Robotaxi mass-produced vehicle. Didi Autonomous Driving is committed to utilizing leading artificial intelligence technology to […]
YouLend, a global embedded financing platform, announced today the establishment of a new three-year financing facility with funds managed by Castlelake, a global alternative investment firm specializing in asset-based private credit. This agreement enables YouLend to significantly expand its lending capacity in the U.S., with the potential to extend over $1 billion in revenue-based financings […]
Ten Years of AI Venture Capital Deals and Exits Globally, AI startups have raised more than $650 billion in venture capital in the last decade. But how has the industry grown and changed over time? For this graphic, we partnered with Fasken to explore the change in AI venture capital deal and exit values, along […]
In order to accelerate the development of solar and other renewable energy projects in Nigeria, the Executive Director and Chief Financial Officer of Heirs Energies, Samuel Nwanze, has suggested the adoption of innovative financing mechanisms, including green bonds and blended finance for the purpose. According to him, tailored financial solutions would be required to address […]