TOKYO : A Japanese state-backed fund said on Tuesday it sold its entire stake in robotics startup Groove X, which makes an"affectionate" companion robot, to a fund owned by Japanese fashion billionaire Yusaku Maezawa.
Maezawa"showed a strong interest in the concept of a home robot as providing a solution to social issues," INCJ said in a statement giving its rationale for the exit. Groove X in the past raised funds from investors such as a Toyota Motor Corp-backed fund and chat app operator Line Corp.
Source: The AI Report (theaireport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SK On, Ford and Koc Holding to form EV battery joint venture in TurkeySEOUL : South Korean battery maker SK On said on Monday it has signed a memorandum of understanding (MOU) with Ford Motor Co and Koc Holding As to form a joint venture to produce electric vehicle (EV) battery cells in Turkey. The plant is targeted to start by 2025 and aims to have an annual production cap
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank sold $1 billion Coupang stakeTOKYO : SoftBank Group Corp's Vision Fund sold shares worth $1 billion in Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of the tech investment firm's holdings. Vision Fund sold 50 milllion Coupang shares for $20.87 each, according to a filing to the U.S. Securities and Exchang
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Rio Tinto offers $2.7 billion to buy rest of Turquoise Hill stakeRio Tinto on Monday proposed to buy 49per cent of Canada's Turquoise Hill it does not already own for about $2.7 billion, as the Anglo-Australian miner looks to ramp up the Oyu Tolgoi copper-gold mining project in Mongolia.The non-binding, C$34 per share offer represented a more than 32per cent premium to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
5 Ukrainian fashion labels to shop and show your solidarityAs the Russia-Ukraine conflict continues to escalate, there’s a lot at stake for Ukrainian businesses, including those in fashion. Many people don’t realise that Ukraine is, in the words of Ukrainian designer Olha Norba, home to a “thriving fashion sector”. The country’s brands offer everything from traditional Ukrainian designs to pyjamas to ski outerwear. They have consistently showcased a diverse...
Source: asiaonecom - 🏆 10. / 59 Read more »
Velodyne says founder David Hall and wife Marta slash stake to about 10per centSensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1per cent from 42.9per cent.David Hall also reported that he sold 45.8 million shares of Velodyne stock publicly, the company added.The company also said its board member
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mainstream Renewable, Aker take stake in Japan floating wind projectLONDON : Wind and solar company Mainstream Renewable Power and Aker Offshore Wind have closed a deal which will give them a 50per cent stake in a 800 megawatt (MW) floating offshore wind project in Japan, the companies said on Monday.The other 50per cent stake in the project belongs to renewable energy pr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »