Venture Capital
MHX Technology has entered into agreements to raise $150m from the parent company.
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Tiger Global-backed Moglix's loss widens in FY26 despite higher revenue
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SoftBank weighs $18b acquisition of US security services firm Allied Universal
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Li Auto's chip unit to raise at least $243m in first equity financing
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Hong Kong to launch one-day settlement in second half of 2028
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Vertex Ventures SEA & India leads $29m funding in RapidCanvas
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Li Auto’s chip unit to raise at least $243m in first equity financing
Tiger Global-backed Moglix’s loss widens in FY26 despite higher revenue
IPOs & Markets
Under a T+1 settlement cycle, securities transactions are settled one business day after the trade date.
Analysis
The statement followed a report by AI-safety research group Swarmchasers.
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The rounds were led by Beijing state-owned investment platforms.
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The company raised about $330 million in its 2024 Hong Kong debut.
The 21% workforce drop follows a 31% fall in 2024.
Deals
The JV is to be 66% owned by Ford and 34% owned by Geely.
The contest is now a priority for China’s internet giants after their chatbot race.