WeRide’s big share repurchase, and Huawei’s PC Harmony
Huawei has released a PC version of its Harmony operating system, as well as two models using the OS. How likely are other PC and smartphone makers to adopt this made-in-China OS? And WeRide has launched a $100 million share buyback less than a year after its IPO. What prompted the move, and is this the best use of its dwindling cash?
BRIEF: Uber taps Chinese partners to accelerate global robotaxi expansion
Ride-hailing platform Uber (UBER.US) is ramping up its efforts in the robotaxi space, teaming up with a growing number of operators to promote the driverless service. Following its announcement this…
BRIEF: Uber to offer Momenta robotaxi service, starting in Europe
Autonomous driving technology company Momenta will offer robotaxi service over Uber’s (UBER.US) ride hailing platform in markets outside the U.S. and China, starting with an unspecified European market, the two…
Chenqi keeps racking up losses in congested China ride-hailing race
The shared economy platform bled more red ink last year, as its hyped robotaxi business fails to show any signs of breakthroughs Key Takeaways: Chenqi lost 564 million yuan in…
Two IPOs: One in Autonomous Driving and One in Gold
Robotaxi operator Pony.ai raised more than $400 million in its U.S. IPO. And jewelry store operator Mokingran raised a smaller $67 million in its Hong Kong listing By Doug Young…
BRIEF: Pony.ai drops 7.7% in Nasdaq debut
Shares of robotaxi operator Pony.ai (PONY.US) fell 7.7% in their Nasdaq trading debut on Wednesday, after the company raised $260 million by selling 20 million American depositary shares (ADS) priced…
BRIEF: Pony.ai to raise up to $200 million from U.S. listing
Robotaxi operator Pony AI Inc. (PONY.US) plans to sell 15 million American depositary shares (ADS) at a price range of $11 to $13 per ADS in its upcoming Nasdaq IPO,…