Volvo Car to Stop Funding Polestar, May Distribute Shares bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China’s Billionaires Take Low-Profile Route to Exploring Space
Bloomberg 14 hrs ago Bruce Einhorn
(Bloomberg) Now that Jeff Bezos and Richard Branson have made their trips to space, other billionaires are bound to follow. China’s ultra-rich are also looking for adventure and business opportunities in the skies, but they’ll be keeping their feet firmly on the ground.
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The country’s tycoons are steering clear of space tourism and the type of exploration that Elon Musk is pursuing even further afield, instead focusing on businesses like satellite manufacturing and rocket launching that support China’s ambitions in space.
Zhejiang Geely Holding Group Co. is considering raising about $1 billion to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles market in China, according to people familiar with the matter.
Volvo and Geely Drop Merger, Betting They ll Be Faster Apart msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Volvo and Geely Drop Merger, Betting They ll Be Faster Apart msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.