Lumos Robotics Secures Pre-A1 and Pre-A2 Financing Rounds
Lumos Robotics’ completion of its Pre-A1 and Pre-A2 funding rounds and highlights breakthroughs in embodied-intelligence data, hardware, and commercialization.
12/8/20252 min read
Tag: #Finance
Showing 12 of 50 posts with this tag
Zhongqing Robotics Completes A1+ and A2 Financing Rounds
Zhongqing Robotics’ completion of new A1+ and A2 financing rounds and the launch of its first mass-produced full-size humanoid robot, the T800.
12/8/20252 min read
Alibaba Group Announces Offering of $5B Senior Unsecured Notes
On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.
2/5/20212 min read
BYD Plans to Increase Capital of Auto Finance Subsidiary
According to an announcement released Thursday by automaker BYD, the company and its holding subsidiary BYD Precision Manufacturing plan to increase capital contributions to BYD Auto Finance.
4/29/20222 min read
Chongqing Xiaomi Consumer Finance Posts H1 Net Loss of $13.47M
Chongqing Rural Commercial Bank, which is listed on the Hong Kong Stock Exchange (HKEx), disclosed on August 25 its latest semi-annual report, also mentioning the performance of its joint venture Chongqing Xiaomi Consumer Finance Co., Ltd., which owns its shares.
8/30/20223 min read
China VC Weekly: Biotech, Open-source and New Hefty Funds
Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.
11/23/20204 min read
Dada Group Q1 2023 Total Revenue Reaches $370 Million
On May 11th, Dada Group released its Q1 2023 financial results. In the first quarter, Dada Group's total revenue reached RMB 2.6 billion (about USD 370 million), a year-on-year increase of 27%. The adjusted net loss rate narrowed by over 16 percentage points compared to the same period last year.
People’s Bank of China ‘Close’ to Releasing Home-Grown Cryptocurrency
Mu Changchun, deputy director of the PBOC’s payments department, said at an event held by China Finance 40 Forum over the weekend that the bank’s own cryptocurrency is “close to being out.”
8/13/20192 min read
Chinese Consumer Electronics Giant Xiaomi's Financial Business Map
Airstar Digital Technology is a key company in Xiaomi's financial business segment, and its business mainly includes industrial financial services, financial technology services and personal financial services.
The U.S. Commodity Futures Trading Commission Sues Binance Founder CZ
On March 28th Beijing time, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against CZ, the founder of cryptocurrency exchange Binance, accusing the company of intentionally providing unregistered cryptocurrency derivative products in the United States in violation of federal laws.
Hong Kong Disneyland Reports A Net Loss of $270 Million for the Fiscal Year 2022
Hong Kong Disneyland Resort announced its financial performance for the 2022 fiscal year on May 15th. For the fiscal year ending September 30, 2022, the resort reported a net loss of HKD 2.1 billion (about USD 270 million), which narrowed by 12% compared to the previous year and marked two consecutive years of narrowing losses.
Lenovo Called a 'Fraud' by Financial Services Agency
Lenovo was accused of "fraud" by the financial services agency Bucephalus Research and was given a "sell" rating in an interview with Bloomberg.
2/27/20202 min read