Chinese car manufacturer Beijing Automobile Group signed a deal to purchase 25.02% of the shares of Mountain View, US-based new energy firm Atieva for an undisclosed amount, and is later expected to launch a high-end electric vehicle.
Tags: US
US-based delivery firm Postmates nabs $16M in Series B for 'one-hour' package delivery service in San Francisco
San Francisco, US-based delivery firm Postmates nabbed $16 million in Series B funding to help improve its mobile app and one-hour package delivery service within the area.
Mayfield closes $108M for second India-focused investment fund
Menlo Park, US-based venture capital firm Mayfield Fund closed $108 million for its second fund which will focus on tech, consumer, and infrastructure startups in India.
Sony surpasses PS4 sales target by selling 5.3M units in 3 months
Tokyo, Japan-based electronics giant Sony surpassed its sales target for the PlayStation 4 by selling 5.3 million units worldwide just three months after the latest game console went on sale.
US glass supplier CR Laurence purchases Secaucus building for $18M
Los Angeles, California-based glass supplier CR Laurence Co purchased an industrial infrastructure in Secaucus for its expansion in a deal valued at $18 million, according to data firm CoStar.
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In 2010, China has blocked American cloud storage service Dropbox for an unconfirmed reason, but last week, the Asian country has once again opened its access to Dropbox, according to Tech In Asia.
Boston, US-based startup Dunwello snagged $1.4 million in funding from investors including NextView Ventures, Vegas Tech Fund, and G20 Ventures, to develop an online tool that will improve the process of employee evaluation.
Fayetteville, US-based startup CycleWood Solutions Inc secured $1.45 million in funding from Dallas-based venture capital firm Trailblazer Capital LLC for the commercialization of its biodegradable grocery bags.
In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.
San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.
Tel Aviv, Israel-based security startup SlickLogin confirmed that it is being added by Santa Clara County, US-based Internet giant Google for an undisclosed amount in an acqui-hire deal.
Cupertino, US-based smartphone giant Apple considered purchasing Palo Alto, California-based electric car manufacturer Tesla, according to a San Francisco Chronicle report citing an unnamed source.
New York, US-based investment advisor Jana Partners took a majority stake in Sunnyvale, California-based networking equipment manufacturer Juniper Networks for an undisclosed amount, according to a regulatory filing.
Cincinnati, US-based food startup Nourish wants to give people who are too busy, lazy, or tired to cook meals an easy access to healthy home-cooked meals by hiring cooks who will do the task for them for a given fee.
