Startup

Vietnam carmaker Vinfast says buys GM Holden's testing center​

HANOI (Reuters) - Vietnam's first domestic car manufacturer, Vinfast, said on Wednesday it had bought GM Holden's Lang Lang Testing Centre in Australia, as part of its efforts to expand...

Silver Lake to invest $1 billion in Retail Arm of India's Reliance​

EW DELHI/BENGALURU (Reuters) - Reliance Industries Ltd <RELI.NS> said on Wednesday U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business,...

GM CEO moves to remake U.S. Automaker for EV Future​

DETROIT (Reuters) - General Motors Co <GM.N> Chief Executive Mary Barra has reeled off two significant deals in the past week in response to investor concerns the No. 1 U.S. autom...

Exclusive: Grab in talks with Prudential, AIA for Fintech Investment - sources​

SINGAPORE (Reuters) - Southeast Asia's Grab is in advanced talks with Prudential PLC <PRU.L>, AIA Group Ltd <1299.HK> and others as it seeks $300 million (228.35 million pou...

Exclusive: Softbank partners with India's Oyo in Latam in move for more Oversight​

SAO PAULO/NEW DELHI/BENGALURU (Reuters) - Softbank Group is taking a direct role in managing its virus-hit hospitality startup Oyo's operations in Latin America through a joint venture...

Curevac gets $300 Million Grant to hurry up COVID-19 Vaccine​

BERLIN (Reuters) - German biotech firm Curevac said on Friday it had won nearly $300 million in government funding to speed up work on its prototype COVID-19 vaccine and build capacity...

VW-backed battery maker QuantumScape to go public at $3.3 billion Valuation​

(Reuters) - QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG <VOWG_p.DE>, said on Thursday it plans to go public through a reverse merger with...

Facebook partners with two more Companies ahead of FTC hearing on Data Portability​

WASHINGTON (Reuters) - Facebook Inc said on Thursday its users can transfer photos and videos stored on its servers to two new tech platforms - its latest move to address antitrust conc...

Robinhood app back Online after earlier Outage​

(Reuters) - Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Tuesday it had restored services on its trading app following...

China online education Firm Yuanfudao to raise $1.2 billion to nearly Double Valuation - sources​

BEIJING/HONG KONG (Reuters) - Chinese online education platform Yuanfudao is set to raise $1.2 billion in a new funding round which will value it at about $13 billion, according to two...

Amazon's Whole Foods opens first delivery-only store in Brooklyn​

(Reuters) - Amazon.com Inc <AMZN.O> owned Whole Foods Market opened its first delivery-only store in Brooklyn, New York on Tuesday, as the e-commerce giant looks to take greater a...

Geely Auto seeks $3 billion Shanghai STAR Market listing​

SHANGHAI (Reuters) - Geely Automobile Holdings <0175.HK> plans to raise 20 billion yuan ($2.93 billion) from a public share sale on Shanghai's Nasdaq-style STAR Market to invest i...

CD&R to buy KKR's Epicor Software for $4.7 billion​

(Reuters) - Private equity firm KKR & Co Inc <KKR.N> will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companie...

EV Startup Bollinger plans Electric Delivery van in 2022​

(Reuters) - Startup electric vehicle company Bollinger Motors said on Thursday it plans to make an all-electric delivery van starting in 2022, joining a growing field of manufacturers v...

Reliance to buy Future Group's Retail Arm for $3.38 billion​

NEW DELHI (Reuters) - Mukesh Ambani-led Reliance Industries said on Saturday it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Fut...

Qualcomm-backed Firm releases Processor as AI chip race heats up​

(Reuters) - Kneron Inc, a semiconductor startup backed by venture capital arms of Qualcomm Inc and Alibaba Group Holding Ltd, on Thursday announced a new chip aimed at handling artifici...

Cambodian Youth Initiate An Idea to Produce Plates from Leaves as a Substitute for Plastic​

Recognizing problems that result from using plastic and seeking for projects to help mitigate environmental issues and concerns, a team of students from Techcho Sen Samroang High School...

Volkswagen to test Autonomous Vehicles in Chinese City Hefei​

BEIJING (Reuters) - Volkswagen AG <VOWG_p.DE> said on Wednesday it will start testing autonomous vehicles in China's eastern city of Hefei, its first in the world's biggest car ma...

Mexican used Car Startup Kavak announces Argentina Expansion​

MEXICO CITY (Reuters) - SoftBank-backed used car platform Kavak is expanding from Mexico into Argentina in a merger with secondhand auto company Checkars after seeing sales recover from...

UK software provider Aveva buys OSIsoft for $5 billion as Softbank cashes out​

(Reuters) - British industrial software provider Aveva Group <AVV.L> is buying SoftBank-backed peer OSIsoft for an enterprise value of $5 billion, it said on Tuesday, as it seeks...

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