Chinese technology conglomerate
Appears in 2 stories
Lead backer of Manus after supplying financing for its stake buyback
Meta has abandoned its $2 billion purchase of Manus, a Chinese-founded AI startup, after Beijing ordered the deal unwound. Manus raised over $500 million in October, bought back Meta's stake, and now operates independently with Tencent as its lead backer.
Updated 2 days ago
Strategic investor in XPeng robotics round
XPeng's robotics business has raised over $900 million at a valuation above $6.3 billion, the largest single-round private financing in China's embodied AI industry. IDG Capital led the round, with Tencent and Alibaba joining as strategic investors.
Updated Aug 25
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