VW invests $4 billion in digital transformation (VOW)

This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. German automaker Volkswagen (VW) will invest $ 4 billion by 2025 to bolster its digital ecosystem, dubbed “One Digital Platform,” according to a VW press release. VolkswagenSee the […]

Renault invests in French electric car plant upgrade

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China’s NetEase invests $100 million in Bungie to make new games

Bungie, the studio behind hits like Halo, Myth and Destiny, has announced a new deal with Chinese online gaming company NetEase to “build new worlds and invite players, new and old, to join us there.” In China NetEase publishes several Blizzard games like Overwatch, Hearthstone and World of Warcraft, among other titles. GamesIndustry reports that […]

Google invests in 6,000-mile subsea cable system connecting Japan to Australia

Work has begun on a new subsea cable system connecting Japan with Australia via Guam, and Google has joined as an investor and key consortium member. The Japan-Guam-Australia (JGA) cable is a joint project consisting of RTI Connectivity (RTIC), AARNet, and Google, with NEC and Alcatel Submarine Networks responsible for carrying out the work. The 9,…Read More

Breed Reply Invests in METRON and TAG Sensors

PRESS RELEASE: Leading investor in early-stage IoT businesses increases investment portfolio to 20 companies across Europe France-based METRON has developed a smart energy platform for use in industry and Norwegian company TAG Sensors is focused on real-time cold chain management LONDON–(BUSINESS WIRE)–March 20, 2018– Breed Reply,…Read More

Why Greycroft’s Jon Goldman invests in games, esports, AR, and VR

Not many investors have the expertise to invest in the hit-or-miss video game business. But Jon Goldman has figured it out. He is a venture partner at Greycroft Partners, the early-stage venture capital firm in Los Angeles that has had big exits such as Maker Studios (bought by Disney), Buddy Media (bought by Salesforce.com), and […]

Tencent invests in film and VR maker Skydance Media

Tencent Holdings is investing an undisclosed amount of money in Skydance Media, a Hollywood entertainment studio that makes everything from Terminator movies to the Archangel virtual reality game. Skydance Media was started in 2010 by David Ellison, the son of Oracle founder Larry Ellison. The company has made feature films including Mission: Impossible – Rogue Nation, Terminator Genisys, World […]

Tencent invests in physical retail

BI Intelligence This story was delivered to BI Intelligence “E-Commerce Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Tencent plans to invest in the Chinese division of Carrefour SA, a France-based retail company, according to Bloomberg. The company, along with recent investment Yonghui Superstores, a local supermarket operator, has agreed […]

Shell invests in Nashville solar firm, but it’s no less an oil company

Enlarge / This photo represents a previous project completed by the Green Power EMC and Silicon Ranch partnership. The 52 MW ac solar energy plant in Hazlehurst, Georgia incorporates 633,600 solar modules. (credit: PRNewsfoto/Silicon Ranch Corporation) On Monday, Royal Dutch Shell announced that it is going to acquire a 43.86-percent stake in a Nashville-based solar […]