Fund

  • Kuwait Fund floods Chinese development projects

    Since 1982, China began to receive loans from the Kuwait Arab Economic Development Foundation, mainly to support the construction of local areas in China. The foundation has so far provided China with nearly 305 million credits. For the past 40 years, the Kuwait Arab Economic Development Foundation has been cooperating well with China and has witnessed the country’s development.

  • Ride-hailing giants move to compete in electric scooters space

    Uber made a move into electric scooters, as the ride-service giant agreed to a strategic partnership with Lime, one of the major players in the fast-growing segment.

  • Softbank fund helps Silicon Valley startup develop robotic delivery technology

    A Silicon Valley startup working on self-driving delivery vehicles announced nearly a billion dollars in fresh funding from the SoftBank Vision Fund. The $940 million in financing from SoftBank brought the total amount of funding raised by Nuro to more than $1 billion, with investors including Greylock Partners and Gaorong Capital, according to the company.