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The market value of the American robotic company Nuro reached $2 billion 700 million due to the fact that the startup was able to attract investments of the Japanese corporation SoftBank Group in the amount of $940 million. For this purpose, the Japanese corporation used the funds of its Vision Fund, which are mainly intended for the purchase of stakes of fast-growing technology companies. Representatives of the startup, created in 2016, have signed an agreement with the US supermarket chain Kroger, which provides for the use of the Nuro self-propelled car for the delivery of goods sold in supermarkets. This allowed Kroger to expand its range of services.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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