China’s third-largest private equity firm CSC Group is helping to fund an artificial intelligence incubator in Britain, the latest sign of a boom in Chinese tech investments abroad and of the tapping of the UK’s AI talent. The Financial Times reports the Chinese state-backed fund, which has more than $12bn under management, has agreed a […]
Category: Tech, Media & Telecom
India has become the new China for many international tech companies as they seek better growth opportunities, and e-commerce giant Alibaba Group is at the center of the action, according to Caixin. Alibaba, through its payments affiliate Ant Financial Services Group, is partnering with Paytm, which has grown into India’s largest online payment provider since […]
Global film powerhouse Sony Pictures Entertainment has partnered with Chinese property-to-movies group Dalian Wanda to co-invest in films as well as distribute across Wanda’s broad network of cinemas, the Financial Times reports. Wanda makes a point of embedding large, US-style cinemas as well as an anchor chain stores such as Walmart in its property developments […]
LeEco, a Beijing-based web video company, which dabbles in everything from televisions to transportation, has raised $1.08 billion to build an electric sports car in competition with Tesla. Funding for its first car is coming from Legend Holdings Corp., Yingda Capital Management Co. and China Minsheng Trust, TechCrunch reports. LeEco’s big raise should help it […]
A Chinese driver was killed in a crash while using Tesla’s Autopilot technology four months before a similar high-profile fatal accident in Florida, the victim’s father has claimed in a lawsuit. Tesla denies its Autopilot was at fault. The court case against Tesla’s China unit and a local dealership raises questions about the carmaker’s Autopilot […]