Month: August 2020
US EV startup Canoo draws investments from TPK, Yageo
“We consider this a financial investment. It would also be great if we could penetrate the supply chains of the electric vehicle start-up and other firms,” a TPK official said by telephone yesterday.TPK…
Chinese EV Maker XPeng Seeks to Raise $1.1 Billion in U.S. IPO
China is the world’s largest EV market, but also highly competitive. As public subsidies have been withdrawn, demand has fallen. A Tesla offensive to make cars locally has heaped more pressure on local…
Tencent takes minority stake in French casual games maker Voodoo
For Tencent, Voodoo’s reservoir of mini games is an ideal match to WeChat messenger, which itself runs a platform for light and simple games that can reach over 1 billion users.The other benefit…
Gold jewelry demand plunges 46% in the first half of 2020
Gold jewelry demand in the first half of 2020 fell to unprecedented levels due to the global coronavirus pandemic, which shut down the consumer economy in much of the world. Further deterioration in…
Diller’s IAC/InterActive Invests $1 Billion in MGM Resorts
MGM Resorts welcomed IAC as a “long-term strategic partner” and said it intended to invite them to join the company’s board of directors. “IAC’s expertise in growing and expanding brands online is a…
Google invests $450 million in ADT, gets exclusive hardware deal
Google and ADT have announced, “a long-term, strategic partnership” that will see Google invest $450 million in ADT and the two companies combine their smart home and home security lineup. Google says the…