Three Chinese firms, including AI software company Beijing Fourth Paradigm, are planning to raise a total of $280 million through initial public offerings (IPOs) in Hong Kong. Beijing Fourth Paradigm aims to raise $144 million by selling 18.4 million shares. New China Capital Management and other investors have subscribed for around $96.8 million worth of stock. Chinese cloud hospital platform Neusoft Xikang plans to raise $81 million to $101 million, while ZX Inc, a mobile games operator, aims to raise between $27 million and $34 million.
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Tata chief puts profits first for Neu; Zerodha cofounder Nikhil Kamath's latest bet
Black is beautiful and that’s the colour Tata Sons chairman N Chandrasekaran wants the salt-to-software conglomerate’s digital arm to focus on. ‘Chandra’ has ordered top leaders at Tata Neu to forget the existence of all else for the time being and focus solely and urgently on profitable growth, sources have told ET. This and more in today’s ETtech Morning Dispatch.
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Zerodha’s Nikhil Kamath set to join Ather’s cap table
It isn’t clear how much Kamath would invest in Ather but one of the persons said the transaction would be made through a secondary share sale.
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Google tests Microsoft Edge-like 'read aloud' feature on Chrome
With this, users can control the rate at which articles are read aloud by adjusting the playback speed.
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Tinder partners with Centre for Social Research for user safety
The additional safety guide, along with the existing 15 safety features on the app, is part of Tinder's efforts to ensure the safety of its users.
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Policy predictability for EV adoption needed to make investments: Ather CBO Ravneet Phokela
Pholeka said, "Unpredictability is not good for business because my business plans are based on a certain assumption of subsidy. If the assumption changes then the plans change and if I'm not certain about my plans, I can't make investments."
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Slack is ready to ride AI wave: CEO Lidiane Jones
just nine months after taking on one of the most high profile jobs in Silicon Valley. "It's amazing what has happened to the world," Jones said of this AI moment that has captured the imagination of Silicon Valley and the world.
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