Search results for "FUNDED"
2026-05-02
02:41

Nio Spins Off Chip Unit Shenji to Reduce Reliance on Nvidia

Gate News message, April 25 — Chinese EV maker Nio announced on April 24 that it has spun off its chip division, Shenji, into an independent company to reduce reliance on suppliers such as Nvidia and improve profit margins. Shenji's first chip, the NX9031, uses a 5-nanometer automotive-grade
Altro
23:52

Trading 212 Revenue Surges to £277.6M in 2025, Profit Nearly Triples to £92.2M

Trading 212 UK reported 2025 revenue of £277.6m (+71%), net profit £92.2m and PBT £123.1m, with rapid user growth, higher marketing spend, and a stronger balance sheet; post-year, it restructured CFD hedging and gained pension approval. Abstract: This article summarizes Trading 212 UK Limited's 2025 performance, highlighting revenue growth to £277.6m, net profit of £92.2m, and pre-tax profit of £123.1m, driven by expanding users and higher investment in marketing and infrastructure. It notes a stronger balance sheet, a post-year restructuring of CFD hedging, and regulatory approval to launch a Self-Invested Personal Pension product.
Altro
23:21

SERES Waives Preemptive Rights in Blue Electric Tech Capital Increase, Total Stake May Drop to 32%

Summary: SERES approves capital increase for Blue Electric Technology, adding 680 million yuan to about 3.88 billion, with no preemptive rights and up to 7.2 billion total injection; SERES stake dilutes to 32%, funded by a Chongqing-backed fund and others. Abstract: SERES Automotive announced that its board approved a capital increase plan for its subsidiary Blue Electric Technology. The plan raises the subsidiary’s registered capital by 680 million yuan, bringing total registered capital to about 3.88 billion yuan, and is accompanied by no preemptive rights on the new shares and a cap on total injections at 7.2 billion yuan. Upon full completion, SERES’ equity stake in Blue Electric Technology would be diluted to 32%. The subsidiary was established with SERES’ Wuhan legacy assets following a February 2026 cooperation with Chongqing’s Shapingba District, under which a government-backed market-oriented equity investment fund and other investors will provide cash for the expansion.
Altro
15:22

Webull Authorizes $100 Million Share Buyback Program

Gate News message, April 22 — Webull Corporation announced that its board approved a share repurchase program of up to $100 million, allowing the company to buy back its Class A ordinary shares over the next 12 months. The program will be funded through existing cash reserves and future cash
Altro