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Momenta
Momenta Global Limited (shortened to Momenta) is a developer of intelligent driving technologies, based in Beijing and Suzhou, China. History Momenta was founded in September 2016 led by Cao Xudong, a former scientist at Microsoft Research and formerly executive director of research and development at Chinese deep-learning and computer vision company SenseTime. In 2017, Mercedes-Benz Group invested in Momenta, which was the automaker's first-ever investment into a Chinese startup. Momenta became the first Chinese unicorn in the field of self-driving cars after investors valued the company at more than $1 billion in 2021. The investors included, in addition to those already mentioned, General Motors (GM), IDG Capital, GGV Capital, Blue Lake Capital, Shunwei Capital, and Cathay Capital. General Motors invested $300 million in Momenta, as was announced in 2021, with the aim to accelerate the development of self-driving cars in China. By that time, Momenta struck partnersh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Self-driving Car
A self-driving car, also known as an autonomous car (AC), driverless car, robotic car or robo-car, is a car that is capable of operating with reduced or no human input. They are sometimes called robotaxis, though this term refers specifically to self-driving cars operated for a ridesharing company. Self-driving cars are responsible for all driving activities, such as perceiving the environment, monitoring important systems, and controlling the vehicle, which includes navigating from origin to destination. , no system has achieved full autonomy (SAE Level 5). In December 2020, Waymo was the first to offer rides in self-driving taxis to the public in limited geographic areas (SAE Level 4), and offers services in Arizona (Phoenix) and California (San Francisco and Los Angeles). In June 2024, after a Waymo self-driving taxi crashed into a utility pole in Phoenix, Arizona, all 672 of its Jaguar I-Pace vehicles were recalled after they were found to have susceptibility to cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unicorn (finance)
In business, a unicorn is a startup company Valuation (finance), valued at over US$1 billion which is privately owned and not listed on a share market. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the unicorn, mythical animal to represent the statistical rarity of such successful ventures. Many unicorns saw their valuations fall in 2022 as a result of an economic slowdown caused by the COVID-19 pandemic, an increase in interest rates causing the cost of borrowing to grow, increased market volatility (finance), volatility, stricter regulatory scrutiny and underperformance. CB Insights identified 1,248 unicorns worldwide . Unicorns with over $10 billion in valuation have been designated as "decacorn" companies. For private companies valued over $100 billion, the terms "centicorn" and "hectocorn" have been used. History Aileen Lee originated the term "unicorn" in a 2013 ''TechCrunch'' article, "Welcome To The Unicorn Club: Learn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tencent
Tencent Holdings Ltd. ( zh, s=腾讯, p=Téngxùn) is a Chinese Multinational corporation, multinational technology Conglomerate (company), conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, Artificial intelligence industry in China, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Binhai Mansion, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District, Shenzhen, Nanshan District of Shenzhen. In December 2023, architect Büro Ole Scheeren unveiled the latest helix-inspired design of Tencent's new global headquarters in Shenzhen. Known as Tencent Helix, it will accommodate more than 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yunfeng Capital
Yunfeng Capital (YF Capital; ) is a Shanghai-based private equity firm founded in 2010. It was founded by Jack Ma ( founder and former executive chairman of Alibaba) and David Yu (founder of Target Media). Background Yunfeng Capital was founded in 2010 by Jack Ma and David Yu. 'Yunfeng' is the result of combining the Chinese first names of Jack (Yun) Ma and David (Feng) Yu. Ma currently owns 40% of Yunfeng Capital although the firm has issued a statement that states "is not involved in the decision-making or operation". The firm focuses on early and growth stage investments in companies from various sectors such as technology, healthcare, financial services and media. In addition, it provides consultation and advisory services to its selected portfolio companies. In October 2022, '' The Information'' reported the firm was struggling to raise money in China due to domestic investors being concerned on the political risks of backing a firm affiliated with Ma. Yunfeng Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Temasek (company)
Temasek Holdings (Private) Limited ( ) is a Singaporean state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard Road, Singapore, it has 14 offices in 10 countries around the world, including in Beijing, Brussels, Hanoi, London, Mexico City, Mumbai, New York City, Paris, Milan, San Francisco, Shanghai, Shenzhen and Washington D.C. It is an active shareholder and investor, with four key structural trends guiding its long term portfolio construction—Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans. Temasek's portfolio covers a broad spectrum of sectors. Its key focus investment areas include Consumer, Media & Technology, Life Sciences & Agri-Food, and Non-Bank Financial Services. Temasek has held overall corporate global credit ratings of “Aaa/AAA” by rating agencies Moody's and Standard & Poor's respectively since its inaugural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Bosch GmbH
Robert Bosch GmbH (; ), commonly known as Bosch (styled BOSCH), is a German multinational engineering and technology company headquartered in Gerlingen, Baden-Württemberg, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 94% owned by the Robert Bosch Stiftung, a charitable institution. Although the charity is funded by owning the vast majority of shares, it has no voting rights and is involved in health and social causes unrelated to Bosch's business. Bosch's core operating areas are spread across four business sectors: mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control) and energy and building technology. In terms of revenue, Bosch is the largest automotive supplier. History 1886–1920 The company started in a backyard in Stuttgart-West as the (Workshop for Precision Mechanics and Electrical Engineering) on 15 November 1886. The next ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAIC Motor
SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese State-owned enterprises of China, state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the "Automotive industry in China, Big Four" state-owned car manufacturers of China ahead of FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with sales of 5.02 million vehicles in 2023. The company traces its origins to the early years of the Chinese automobile industry in the 1940s, and SAIC was one of the few carmakers in History of the People's Republic of China (1949–1976), Mao's China, making the Shanghai SH760. Currently, it participates in the oldest surviving sino-foreign automotive joint venture with Volkswagen (SAIC Volkswagen, SAIC-Volkswagen) since 1984, and in addition operates a joint venture with General Motors (SAIC-GM) since 1998. It also produces and sells passenger vehicles under its own branding, such as R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shunwei Capital
Shunwei Capital () is a Beijing-based venture capital firm founded in 2011. It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh. The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia. According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China. Background Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh. Lei was previously the CEO of Kingsoft until 2007, as well as founder of Xiaomi in 2010. Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors focusing on technology investments. From August 2006 to May 2008, Tuck Lye Koh served as a director of Kingsoft and Vice President of GIC Special Investments (Beijing) Company Ltd., responsible for private investments in Greater China. The firm provides growth capital to internet and technology companies mainly in China bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Lake Capital
Blue is one of the three primary colours in the RYB colour model (traditional colour theory), as well as in the RGB (additive) colour model. It lies between violet and cyan on the spectrum of visible light. The term ''blue'' generally describes colours perceived by humans observing light with a dominant wavelength that's between approximately 450 and 495 nanometres. Most blues contain a slight mixture of other colours; azure contains some green, while ultramarine contains some violet. The clear daytime sky and the deep sea appear blue because of an optical effect known as Rayleigh scattering. An optical effect called the Tyndall effect explains blue eyes. Distant objects appear more blue because of another optical effect called aerial perspective. Blue has been an important colour in art and decoration since ancient times. The semi-precious stone lapis lazuli was used in ancient Egypt for jewellery and ornament and later, in the Renaissance, to make the pigment ultrama ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GGV Capital
GGV Capital was an American venture capital firm. The firm was established in 2000 and was headquartered in Menlo Park, California. Formerly known as Granite Global Ventures, the firm had become one of the most active American investors in the Chinese artificial intelligence industry. History Formerly known as Granite Global Ventures, GGV Capital was founded in 2000. Jenny Lee established GGV's Shanghai office in 2005. In 2019, GGV was still based in the US and China, and that year it opened its fifth office, in Singapore. The company had invested US$6.2bn by 2019. In March 2022, GGV Capital raised money for the AAPI community from a group of venture capitalists and founders. The company in 2022 had around $9bn in assets under management. In July 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an investigation into GGV and other venture-capital firms' investments in China. In Septem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDG Capital
IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions. History The firm, founded in 1992, was an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360. In January 2017, IDG Capital and China Oceanwide Holdings Group acquired International Data Group (IDG) and its subsidiaries, International Data Corporation (IDC), IDG Communications, and IDG Ventures. IDG Capital became the controlling shareholder of IDG Ventures. In March 2017, IDG Capital completed the acquisition of a 20 per cent stake in French Ligue 1 football club Olympique Lyonnais for €100m (US$105.38m). In 2019, Hurun Report has noted, IDG Capital is among the top three investors in Chinese unicorns, with 25 current listed portfolio companies now valued at more than US$1 billion. In May 2021, IDG Capital invested in Bambu Lab, a tech company based in Shenzhen China that produces desktop 3D Print ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
