Brief

Lingyi Automobile, a company focused on new energy heavy trucks and intelligent driving, has secured $200 million in Series B2 funding. The round included investments from industrial capital such as Zijin Mining and Shandong Energy Group, international institutions like Temasek, and domestic venture capital firms. This latest funding, combined with a previous $120 million RMB round, brings Lingyi Automobile's total financing in the past two months to $400 million. AI

Hongkong Land, a 137-year-old developer historically tied to Hong Kong's real estate market, is undergoing a significant transformation under new CEO Michael Smith. The company aims to shift its focus from being a direct property owner to a fund manager, attracting institutional co-investors to expand its presence across Asia. This strategic pivot is intended to diversify its business model and improve its valuation, which has been heavily correlated with Hong Kong's office rents. AI