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Business 25 Jul 2019 | 8:08 AM Premium

Toyota to invest US$600m in China's Didi, new JV to develop mobility services

SHANGHAI: Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing as well as a new joint venture as the companies seek to develop connected and electric vehicle technologies in China.

Business 23 Jul 2019 | 3:18 AM Premium

Trax gets $100 million funding, becomes Singapore's second unicorn

SINGAPORE: Warburg Pincus-backed image recognition technology firm Trax, a startup that counts Heineken and Nestle among its clients, said it has raised $100 million in its latest funding round, becoming Singapore's second unicorn.

Business 19 Jul 2019 | 12:00 AM Premium

Son: Japan is AI ‘developing country’

TOKYO: SoftBank Group Corp founder and Chief Executive Masayoshi Son said there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).

Business 09 Jul 2019 | 12:00 AM Premium

China’s VC boom may bust

TOKYO: China went through a five-year surge in venture capital (VC) investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to TikTok-parent Bytedance Ltd. Now the boom may be over.Venture deals in China plummeted in the second quarter as investors pulled back amid unpredictable trade talks and growing concerns about startup valuations. The value of investments in the country tumbled 77% to US$9.4bil in the second quarter from a year earlier, while the number of deals roughly halved to 692, according to the market research firm Preqin.

Business 09 Jul 2019 | 12:00 AM Premium

AmInvest ‘mildly positive’ on Sime Darby’s auto plans

KUALA LUMPUR: AmInvestment Research is mildly positive on Sime Darby Bhd’s plans to attract new business partners via its automotive arm, Sime Darby Motors.

Business 08 Jul 2019 | 1:30 AM Premium

AmInvest Research keeps forecasts on Sime Darby, maintains Hold call

KUALA LUMPUR: AmInvestment research is mildly positive on Sime Darby Bhd's plans to attract new business partners via its automotive arm, Sime Darby Motors.