fundraising Tag

22 Feb Autonomous cars: Chinese start-up Haomo, backed by Great Wall Motor, raises fresh capital to develop driverless tech

Posted at 10:32h in Asia

Wufa is an investment group funded by the local government of Chengdu, capital of Southwest China’s Sichuan province.The Series B1 fundraising comes after Haomo netted more than 1 billion yuan of capital in previous rounds of financing carried out since the company’s establishment in 2019.Its...

13 Feb Jobseekers, employers in Hong Kong’s financial services sector have kicked off 2024 on cautious note: recruiters

Posted at 22:30h in Asia

Hong Kong’s financial services industry employed 269,700 people in 2022, dropping about 3 per cent from the previous year, according to the Census and Statistics Department. Moreover, equity markets in Hong Kong and mainland China are among the worst performers globally this year amid...

01 Jan Chinese EV makers face day of reckoning in 2024 as competition and price war force out underperformers

Posted at 23:00h in Asia

Slowing growth, intensifying competition and a bruising price war will pile pressure on the 200-plus Chinese electric vehicle (EV) makers this year, with some underachieving players likely buckle and fold.Most of the companies will have to staunch losses to avert a potential capital crunch...

fundraising Tag

22 Feb Autonomous cars: Chinese start-up Haomo, backed by Great Wall Motor, raises fresh capital to develop driverless tech

13 Feb Jobseekers, employers in Hong Kong’s financial services sector have kicked off 2024 on cautious note: recruiters

01 Jan Chinese EV makers face day of reckoning in 2024 as competition and price war force out underperformers

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