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Rejecting Broadcom's US $130 Billion Acquisition of Qualcomm and Announcing Investments in Mobike and Other Eight Startups
Source: Author: Open Air (comments)
Qualcomm Rejects Broadcom's US $130 Billion Acquisition, Announces Investments in Mobike and Other Nine Startups [TechWeb Report] On November 15, according to TechCrunch, Qualcomm continued its charm offensive in the China market and announced a series of new investments in China startups.
Rejecting Broadcom's US $130 Billion Acquisition of Qualcomm and Announcing Investments in Mobike and Other Eight Startups
Rejecting Broadcom's US $130 Billion Acquisition of Qualcomm and Announcing Investments in Mobike and Other Eight Startups
According to Gao Tong, the company used the US $150 million China venture capital fund announced in 2014 to invest in nine start-ups in China. The fund covered the Internet of Things, big data, artificial intelligence, and other fields.
Among the nine Chinese companies, the most prominent one was the bike-sharing giant Mobike, which had more than 100 million users in China and was expanding its business internationally. The other was the fast-growing artificial intelligence startup SenseTime, which was valued at 1.5 billion USD. It completed a $410 million Series B financing in July and was also on Qualcomm's list of investors.
Mobai cooperated closely with Qualcomm in international expansion. Mobai used the company's single platform to allow any Mobai bicycle to be quickly deployed to any international market. It was worth noting that this was the first time Mobai had disclosed an investment.
Rejecting Broadcom's US $130 Billion Acquisition of Qualcomm and Announcing Investments in Mobike and Other Eight Startups
Rejecting Broadcom's US $130 Billion Acquisition of Qualcomm and Announcing Investments in Mobike and Other Eight Startups
At the same time, the deal with Shang Tang Technology had not been disclosed, but it was reported that this was part of its US $500 million financing, which would be the largest financing for an artificial intelligence startup in the world so far.
In addition to the above two unicorn companies, Qualcomm also invested in the following companies this time:
Creatm – provides remote wireless video/data transmission solutions.
Kneron – AI solution provider, focusing on software reconfiguration and hardware compression. Qualcomm, Alibaba Entrepreneur Fund, Sequoia Capital, and other investors participated in the company's first round of financing.
Element Zero
Zone develops software and services for unmanned convenience stores. Alibaba and other companies are exploring the integration of offline commerce and the internet, which is a fast-growing trend. Qualcomm clarified that the investment had been agreed in principle, but it had not yet been concluded.
Microduino – the world's smallest Arduino-compatible smart module. It can be used for a variety of DIY projects and educational purposes. It provides comprehensive products, courses, teachers, and services for schools, institutions, and individuals.
AI – it was building a platform to introduce artificial intelligence, virtual reality, and augmented reality into specific industries and vertical fields. Its first product, StableGuard, was an AI monitoring and alarm system for stables.
Beijing Agricultural Consulting and Intelligent Management (ACSM) — this was a follow-up investment for this company. This company provided intelligent systems to help farmers improve industrial efficiency.
Alo7 — an online tutoring startup that operates a "fully immersive" English learning environment for primary school students. This was also a follow-up investment.
Qualcomm has been hit hard in recent years, including a $1 billion antitrust fine. For Qualcomm, this was a chaotic period. The company not only had to deal with the "hostile acquisition" offer from Broadcom, but also had to fight with Apple in court. But today, it could be seen that Qualcomm pulled people's attention to the upcoming new technology it supported, even if it was only for a short period of time. (Outdoor)
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Tag: Qualcomm Announces Investment in Mobai Qualcomm Rejects Broadcom Acquisition of Qualcomm Mobai Broadcom (Responsible Editor: Rubio)
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Relevant Information
Information related to Qualcomm's announcement to invest in Mobai and Qualcomm's rejection of Broadcom's acquisition of Qualcomm's Mobai and Broadcom:
11-14 Qualcomm Rejects Broadcom's Acquisition Domineering Response That Broadcom Overestimates Its Capabilities
11-15 Qualcomm announces investment in 9 China startups, including Mobai Shang Tang Technology
11-14 Qualcomm Rejects Broadcom's Acquisition Offer Qualcomm's Domineering Response Devalued
11-15 Qualcomm is not afraid of Broadcom's hostile takeover and rejects Broadcom's offer of $130 billion
11-15 Qualcomm Rejects Broadcom Acquisition: Says Broadcom Is Underestimating Us
Related blog posts
The blog posts related to Qualcomm's announcement of investment in Mobai and Qualcomm's rejection of Broadcom's acquisition of Qualcomm's Mobai and Broadcom were:
Kun Peng Theory: The Irrational Development of Bicycle Sharing
Would the South Seven Avenue Bike-Sharing War end up as a replica of private cars?
IT Duan Wang Ye Has Two Rounds of Economic Prosperity, Why Xiaoniu Electronics Maker of the Year
Kun Peng Theory: An Industry Sharing Accelerated by Investors
Yu Bin Bike Sharing Can't Make a Big Picture. Ofo Economy is a Fake
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