SoftBank Invests $3 Billion for Latin America Tech Companies

SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …

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Alibaba Pledges $15.5 Billion to Support Chinese Government’s Common Prosperity Campaign

E-commerce giant Alibaba Group announced on Friday that it will provide 100 billion yuan ($15.5 billion) to support the common prosperity campaign of President Xi Jinping for China. In a press release, the company said that it will assign the …

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Chinese Chipmaker Giant to Invest $8.87 Billion for New Chip Plant in Shanghai

Semiconductor Manufacturing International Corp (SMIC) announced on Friday that it will invest $8.87 billion to build a new plant in Shanghai, a move that will expand the Chinese chipmaker’s manufacturing capacity as China aims to strengthen dominance in the sector …

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