Investment
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SoftBank to Invest $2.25 Billion in GM’s Self-Driving Unit — Cruise
Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co (GM), on Friday revealed that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing U.S. scrutiny over its ties to Chinese firms in the face of an escalating trade and technology…
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Naspers to Invest $1 Billion in The Indian Food Delivering App, Swiggy
Naspers, the South African investment giant, is back at it in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment in food delivery company Swiggy. The new round sees Chinese internet and Naspers ally Tencent join the party, alongside fellow new investors Hillhouse Capital and Wellington Management…
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Naspers Leads R7.7-Billion Investment in Indian Tech Startup
Naspers and Canada’s state pension fund have invested $540 million (R7.77 billion) in Indian educational technology startup Byju’s. Bengaluru-based Byju’s launched a learning app in 2015 that offers tools for school students in India, a country with the world’s largest number of children in primary education. The latest investment values the firm at around $3.6…