Chinese electric car startup Aiways, whose backers include Tencent, Siemens and Robert Bosch, is looking to raise a new round of funding at a valuation of more than $2 billion, Bloomberg reported. Potential investors that could participate in the round include Chinese ride-hailing giant Didi Chuxing, according to Bloomberg. The Shanghai-based startup’s latest fundraising plans come after last...
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Chinese EV Maker Aiways Seeks $2 Billion Valuation in New Fundraising
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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