Honda, GM fuel cell venture launches commercial production
By Joseph White BROWNSTOWN, Michigan (Reuters) – General Motors and Honda have begun shipping fuel cell power systems to customers from a factory near Detroit, they said on Thursday, a new test…
China venture capital, private equity funds rattled by proposed changes
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG (Reuters) -China’s proposal to drastically raise the bar for investing in private equity (PE) and venture capital (VC) funds is facing backlash from industry…
Venture capital firm NXTP to target Brazil, Mexico tech startups with $98 million fund
By Kylie Madry MEXICO CITY (Reuters) – Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday.…
Women founders get tiny fraction of venture funding – report
STOCKHOLM (Reuters) – Women across northwestern Europe received a tiny fraction of venture capital raised in 2023, with all-female founding teams receiving 0.6% in France, 1% in the Nordic countries, 1.9% in Britain,…
Former San Francisco Venture Capitalist Convicted Of Multiple Fraud And Money Laundering Charges
OAKLAND – Michael Brent Rothenberg, a former San Francisco venture capitalist once described in Bloomberg as “Silicon Valley’s Party Animal,” was convicted today of wire fraud, money laundering, bank fraud, and making…
DCNF Reporter Discusses Venture Capital Firms’ Participating In Chinese Gov’t ‘Technology Transfer’ Contests
DCNF Reporter Discusses Venture Capital Firms’ Participating In Chinese Gov’t ‘Technology Transfer’ Contests Harold Hutchison on October 20, 2023 A Daily Caller News Foundation reporter discussed venture capital (VC) firms participating in…
Vanguard sells stake in joint venture with Ant – Bloomberg News
(Reuters) – U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News reported on Tuesday, citing people familiar with…
Volkswagen, Umicore venture picks Poland for first car battery parts plant
BERLIN (Reuters) – The auto battery parts joint venture between Volkswagen’s PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through…
Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year.…
US venture firm GGV Capital to separate China business
By Kane Wu and Roxanne Liu (Reuters) -U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other…
Diamondback, Five Point Energy form water management joint venture
(Reuters) – U.S. shale oil producer Diamondback Energy has formed a new joint venture with private equity firm Five Point Energy LLC to create a water infrastructure network in the Midland Basin…
Lockheed-RTX joint venture enters weapon system MoU in Poland
(Reuters) – Lockheed Martin said on Wednesday that the Javelin Joint Venture, its partnership with RTX, has signed a memorandum of understanding (MoU) related to production of the Javelin anti-tank weapon system…
Ethiopian Airlines to manufacture parts in venture with Boeing
NAIROBI (Reuters) – Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of $15 million, the government’s investment agency said on Friday. The state-owned carrier,…
Adani Enterprises weighs exiting $6 billion Wilmar venture – Bloomberg News
(Reuters) -India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter. The conglomerate has been…
Conservative activist behind US affirmative action cases sues venture capital fund
By Nate Raymond (Reuters) – A group founded by the conservative activist instrumental in the U.S. Supreme Court’s June decision rejecting affirmative action in collegiate admissions on Wednesday sued an Atlanta-based venture…
UAW wins Democratic senators’ support for joint venture battery workers
By David Shepardson WASHINGTON (Reuters) – More than half of the Senate’s Democrats are backing the United Auto Workers’ push for higher wages and benefits for workers at Detroit Three automakers’ joint…
CCP-Linked TikTok Reaches Further Into Americans’ Lives With New Venture
CCP-Linked TikTok Reaches Further Into Americans’ Lives With New Venture Will Kessler on July 25, 2023 The popular social media site TikTok, which has links to the Chinese Communist Party (CCP), is…
UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund unit in China and decided to maintain ownership in a mega fund…
Nidec to form joint venture with Brazil’s Embraer to make flying car parts
TOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be set up…
China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) – Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications,…
Venture capital firm Greycroft raises nearly $1 billion across two funds
(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies, the venture capital firm said on Wednesday. The latest fundraise marks the…
Nestle, PAI to create joint venture for frozen pizza in Europe
BERLIN (Reuters) – Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding…
GEM plans nickel joint venture in South Korea to serve US demand
BEIJING (Reuters) – China’s GEM Co Ltd, a battery and material recycler, has signed a joint venture agreement with SK On and ECOPRO Materials to set up a plant in South Korea…
Venture capitalists race to land next AI deal on Big Tech’s turf
By Krystal Hu and Jeffrey Dastin PALO ALTO, California (Reuters) – In December and January, several venture capitalists from the U.S. and Britain raced to Paris to vie for a stake in…
New SVB CEO urges top venture capital clients to move deposits back
By Krystal Hu (Reuters) – Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly created bridge…
Venture capitalists weigh ‘long-shot plan’ to preserve parts of SVB -FT
(Reuters) – Venture capital firms are working on a “long-shot plan” to preserve parts of Silicon Valley Bank (SVB) in a move to keep servicing their clients in the technology sector, the…
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