Search results for "CASH"
Today
05:02

Chinese Robovan Operator Zelos Eyes $600M Hong Kong IPO

Gate News message, April 23 — Chinese autonomous delivery truck operator Zelos Technology is planning a Hong Kong IPO expected to raise approximately $600 million, according to Bloomberg. The company is in talks with banks; the size and timing of the offering could still change. Founded in 2021, Zelos operates more than 25,000 autonomous vehicles across China and has expanded into Singapore, the United Arab Emirates, and other parts of Southeast Asia and the Middle East. Alibaba's logistics unit Cainiao became a shareholder earlier this year and integrated its unmanned vehicle unit into Zelos through a cash and asset injection in early 2026, expanding the fleet from 2,000 vehicles in 2024 to more than 20,000. Zelos now operates under two brands: its own name for technology products and the licensed "Cainiao Autonomous Vehicle" brand for certain logistics and enterprise customers. The company claims it can reduce last-mile delivery costs by approximately 50% and expects to break even, including R&D expenses, once its fleet reaches about 50,000 vehicles. Management says it expects to deliver more than 1,000 vehicles overseas by the end of 2025.
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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.
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01:57

Venus Attacker Transfers 2,301 ETH to Mixer, Tornado Cash Used for Laundering

On-chain analysis tracks a Venus protocol attacker moving 2,301 ETH (~$5.32M) to a suspected wallet, then batching through Tornado Cash; about $17.45M remains on-chain. Abstract: This note summarizes on-chain activity related to a Venus protocol attacker, including the transfer of 2,301 ETH (~$5.32M) to a wallet and batch-mixing via Tornado Cash, with approximately $17.45M still held on-chain.
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ETH-3,15%
01:30

Eightco Holdings Discloses $336M Total Assets, Including 283.5M WLD and 11,068 ETH

Eightco's updated portfolio totals $336M, with Worldcoin at 23% (~$77M), OpenAI at 27% (~$90M), Beast Industries at 7% (~$25M), and $118M in cash/stablecoins; ETH remains at 11,068 tokens. Abstract: Eightco Holdings discloses a $336 million asset mix led by Worldcoin, OpenAI investments, and Beast Industries, plus cash/stablecoins and an unchanged ETH holding of 11,068 tokens.
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WLD-2,77%
ETH-3,15%
ORBS-1,47%
00:55

Whale Wallets Cash Out ASTEROID Holdings for Over $2M in Combined Profits

Gate News message, two whale wallets have sold their entire ASTEROID positions. Wallet "0x970" disposed of 2.9B $ASTEROID for $1.17M worth of $ETH and $BNB, originally purchased for $10,962, securing $1.16M in profit. Wallet "0xeff" sold 3.39B $ASTEROID for $935,402 worth of $ETH, which was acquired
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ETH-3,15%
BNB-0,46%