Daily Archive: December 23, 2020
Tencent picked up a lot of game properties this month when it acquired Leyou Technologies, a Hong Kong-based game company, for $1.5 billion. Among the jewels are Warframe maker Digital Extremes as well as Splash Damage, King Maker, and Radiance.
The deal is one more sign of the acquisition frenzy around games during the pandemic, which has helped boost gaming because people can play with friends in a social-distanced way and distract themselves from reality.
Digital Extremes, based in London, Ontario, in Canada, was founded in 1993. The company made games like Epic Pinball and The Darkness II. But
… Read More
WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong.
Mega investments aren’t uncommon at companies like WeRide developing the next-generation level 4 driving standard, which denotes that the car can handle the majority of driving situations independently without human intervention.
WeRide did not disclose its valuation for this round, which is the first tranche of its Series B round, a company spokesperson told TechCrunch.
The new funding will see WeRide joining hands with Yutong, a 57-year-old company, to make autonomous driving
… Read More