Apple supplier Foxconn is in talks to build a $9 billion factory in Saudi Arabia that would make microchips, components for electric vehicles and other electronics, The Wall Street Journal reported. Saudi Arabia has been seeking to diversify its reliance on petrodollars to grow its economy but has struggled to attract investment. The Taiwanese-based company is seeking to grow its production...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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