The source of Faraday's obviously substantial funding has been a mystery, but that's finally coming into focus this week, too: the company has announced a strategic partnership with
Chinese media firm LeTV, headed by billionaire Jia Yueting, who Forbes has reported to be the primary investor in the company's new $ 1 billion, 3 million - square - foot factory.
Not exact matches
Next up:
Chinese advertising
firm Focus
Media, which Block claims overstated the size of its network of ad - bearing LCD panels by 50 %.
Dealers of Japanese automaker Nissan Motor are hosting lectures on vehicle care and safety, while
Chinese furniture
firm Ocalone is giving away 100 metric tons of rice, according to local
media reports.
The Economic Times reported that Walmart has reached agreements with Tiger Global Management, the New York investment
firm; Naspers, the South African
media conglomerate; Accel, the venture capital
firm and Tencent Holdings, the
Chinese company, to purchase their stakes in Flipkart.
Chinese social
media firms try to stay on the good side of regulators and political leaders and some analysts noted that Weibo and Sina would try to solve the issue quickly.
Tencent, a
Chinese gaming and social -
media firm now getting into e-commerce, has a market capitalisation of $ 62 billion, just shy of Facebook's current valuation.
«In technology,
Chinese firms are actually ahead of Western
firms in areas such as e-commerce and social
media,» says Neves, citing the country's ubiquitous WeChat platform, which has often left fashion marketers scrambling to keep up with its breakneck pace of development.
Bitcoin Headlines — The Blockchain Will Do to Banks and Law
Firms What the Internet Did to
Media; Bitcoin Projects on Github Surpass 10,000; Bitstamp Partners with Banking Giant for Bitcoin Investment On - Ramp; Bitcoin Startup Align Raises $ 24 Million, Rebrands as Veem; A South Korean Province Used Blockchain Tech for Resident Voting; Cash vs Gold vs Bitcoin; Will the Internet of Things Need Its Own Blockchain; Law
Firms Woo London's Fintech Scene and
Chinese Exchanges to Resume Bitcoin Withdrawals Pending Regulator Approval.
Media reports have said, and I've heard as well, that the
Chinese firms were partly scared off after they took a look under the hood and found that Fisker didn't own much of its own technology.
Jia Yueting, who built
Chinese firm LeEco into a sprawling business empire, has had assets frozen by a Shanghai court, the company said Tuesday, confirming an earlier report in state
media.
-LSB-...] Now cash - strapped and struggling to repay a pile of debts to suppliers and business partners, LeEco plans to sell the U.S. site to little - known
Chinese developer Genzon Group for $ 260 million, $ 10 million more than what the
firm paid for it in June, said a source with direct knowledge of the deal who did not want to be named due to rules on talking to
media.
According to TechCrunch, «State
media firm Xinhua reported in July that
Chinese companies had raised $ 383 million from 105,000 investors during the first half of the year.»