Investment - Asia Tech Wire

Investment

2022.04.20

06:37

SoftBank's robotics arm invests in Hong Kong-based startup Avalon SteriTech

Asian Tech Press (Apr. 20) -- SoftBank Group Corp.'s robotics arm invested in Hong Kong-based cleaning technology startup Avalon SteriTech, marking the company's first capital contribution in the city.

2022.03.25

03:49

S. Korea to invest $16.4 billion in data, network, AI sectors over next three years

Asian Tech Press (Mar. 25) -- South Korea plans to invest more than 20 trillion won ($16.4 billion) in data, network and artificial intelligence (AI) sectors over the next three years.

2022.03.11

03:56

SoftBank CEO pulls out of Indonesia's $34 billion project to build a new capital in Borneo

Asian Tech Press (Mar. 11) -- SoftBank Group Corp. founder and CEO Masayoshi Son has pulled out of Indonesia's $34 billion project to build a new capital in Borneo.

2022.02.11

11:13

S.Korean sovereign wealth fund to bet on metaverse, AI by investing Silicon Valley startups

Asian Tech Press (Feb 11) -- Korea Investment Corporation (KIC), a $200 billion South Korean sovereign wealth fund, is now planning to boost its investments in Silicon Valley startups, aiming to accelerate its expansion in the alternative asset space through metaverse and artificial intelligence.

2022.01.24

06:55

SoftBank to expand Vision Fund Japan to invest more in domestic firms

Asian Tech Press (Jan 24) -- SoftBank Group plans to expand its Vision Fund's Japanese investment team, adding staff and increasing deal brokering efforts in order to invest more in domestic firms.

2022.01.21

10:33

Intel invests in Chinese power system service vendor for semiconductors

Asian Tech Press (Jan 21) --Intel Asia-Pacific Research & Development Ltd, an R&D facility of chipmaker Intel Corp. in China, recently invested in a Chinese power system service vendor for semiconductor industry.

2022.01.19

07:29

Source: ByteDance dismantles strategic investment department

Asian Tech Press (Jan 19) -- ByteDance Ltd., parent company of the most popular non-gaming app worldwide TikTok, has already disbanded its strategic investment department, a former employee revealed Wednesday.

2021.12.22

10:16

Great Wall Motor-backed self-driving firm raises $157 million from Hillhouse, Meituan

Asian Tech Press (Dec 22) -- Haomo.AI, a self-driving startup backed by Chinese auto manufacturer Great Wall Motor (GWM), announced on Wednesday that it has raised nearly 1 billion yuan ($157 million) in Series A funding round, making it the first self-driving unicorn company to achieve mass production in China.

2021.12.20

08:56

PUBG developer Krafton invests $5 million in Indian dating app FRND

Asian Tech Press (Dec 20) -- South Korean game developer Krafton Inc said on Monday it has invested $5 million in the Indian dating app FRND.

2021.12.15

10:21

Former LDP secretary general wants TSMC to produce 10nm chips in Japan

Asian Tech Press (Dec 15) -- The former Japanese Liberal Democratic Party (LDP) secretary general said Wednesday that he wants Taiwanese foundry giant TSMC to produce 10-nm chips in Japan instead of the planned 20-nm chips.

2021.12.13

09:19

Intel said to invest $7 billion for capacity expansion in Malaysia

Asian Tech Press (Dec 13) -- Intel Corp. will invest 30 billion ringgit ($7 billion) to expand its production capacity for advanced semiconductor packaging technology in Penang, Malaysia, according to a press invitation, Bloomberg reported Monday.

2021.11.12

09:48

Samsung leader Lee to visit U.S. soonest next week for decision on chip plant site

Asian Tech Press (Nov 12) -- Samsung Electronics' Vice Chairman Lee Jae-yong will reportedly visit the United States as soon as next week to finalize the site of a chip plant there.

2021.11.11

07:02

Goldman Sachs to Invest at least $30 billion in alternative assets in Asia

Asian Tech Press (Nov 11) -- Goldman Sachs will invest at least US$30 billion in alternative assets in Asia over the next five years after restructuring its operations and beginning to raise outside capital to outpace the investment giant aggressively, Bloomberg reported.

2021.11.09

10:05

China's Hellobike completes new $280 million funding round

Asian Tech Press (Nov 09) -- Chinese transportation service platform Hellobike announced the completion of a new funding round of $280 million. The investors include Ant Group and Alibaba. This is the first time Alibaba has taken a stake in Hellobike, and it is also the 2nd funding round Hellobike has received so far this year. So far, the company has raised more than $500 million in 2021. This March, Hellobike closed a financing round of $234 million, with CATL participating in the investment.

2021.11.03

08:24

SoftBank-invested self-driving firm Nuro closes $600 million Series D funding round

Asian Tech Press (Nov 03) -- Nuro, an autonomous driving technology company and focused on self-driving delivery vehicles, has raised another round of funding, raising $600 million, according to media reports.

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