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Apple Supplier Foxconn in Talks to Invest in Struggling Electric Vehicle Startup

By
Shai Oster
· · Source: Bloomberg

Apple supplier Foxconn is in talks to invest $200 million in struggling Chinese electric vehicle maker Byton, which furloughed staff earlier this year. Bloomberg reported that the Taiwanese company is seeking to diversify if revenue away from reliance on Apple’s orders and is looking more broadly at the EV sector. Apple itself is also reportedly looking at manufacturing its own vehicle by...

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Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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