SolidEn­ergy re­ceives lat­est in­vest­ment

China Daily (Canada) - - BUSINESS -

SolidEn­ergy an­nounced that it had re­ceived the se­cond round of strate­gic in­vest­ment from China’s largest listed auto com­pany SAICMo­tor Corp Ltd. SAIC hopes the deal will help to de­velop the bat­ter­ies which are used for its newen­ergy ve­hi­cles, pro­long­ing the bat­tery life mileage and re­duc­ing cost. SolidEn­ergy, which gre­wout of the en­ergy lab­o­ra­tory at theMas­sachusetts In­sti­tute of Tech­nol­ogy in the United States, has also re­ceived strate­gic in­vest­ment from Gen­er­alMo­tors. The in­vest­ment from this round to­taled $12 mil­lion. ride-hail­ing startup Didi Kuaidi as part of a $3 bil­lion fundrais­ing round, ac­cord­ing to a per­son with knowl­edge of the mat­ter. A com­pany spokes­woman de­clined to com­ment on the in­vest­ment, but said Didi Kuaidi is now val­ued at $16.5 bil­lion af­ter the over­all fundrais­ing round. On Tues­day, Didi Kuaidi an­nounced a strate­gic part­ner­ship with CMB. try­ing to side­step a slow­down in the world’s largest hand­set mar­ket by coax­ing buy­ers of its smart­phones to also pur­chase In­ter­net ser­vices. In­ter­net ser­vices rev­enue, which in­clude games and mo­bile pay­ment apps, surged 150 per­cent to 3.71 bil­lion yuan ($563.94 mil­lion) from 1.48 bil­lion yuan a year ear­lier. be­cause it sees po­ten­tial in Yingli’s so­lar busi­ness, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter. One pos­si­bil­ity for Cinda is to help Yingli sell non-per­form­ing as­sets, the peo­ple said. Yingli had to­tal debt of about $1.9 bil­lion at the end of the third quar­ter last year.

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