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Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million
TechnologySCMP1d ago

Flying car dreams gain altitude as Xpeng affiliate Aridge raises US$200 million

Aridge, the flying-car developer backed by Chinese electric vehicle maker Xpeng, has raised nearly US$200 million in fresh funding as it prepares for a potential initial public offering (IPO) in Hong Kong this year. Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a statement released on Friday. The fundraising brings Aridge’s total equity financing to about US$1...

Giant Sequoia Felled in City Park
Environmentluxemburger-wort15d ago

Giant Sequoia Felled in City Park

A 150-year-old giant sequoia tree near the Amaliendenkmal in a city park is being cut down using heavy equipment, marking the disappearance of a piece of city history.