China Invests $5.4 Billion in Two-Year-Old Memory Chipmaker

Semiconductor startup Changxin Xinqiao Memory Technologies Inc. has raised 39 billion yuan ($5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve technological self-sufficiency and counter US sanctions. In its latest funding round, Hefei-based Changxin Xinqiao secured 14.6 billion yuan from the state-backed China Integrated Circuit Industry Investment Fund … Read more

Blackbird invests in Carepatron’s “radically accessible” healthcare management platform

When TechCrunch covered Carepatron’s pre-seed last year, it was focused on serving solo practitioners and small health practices. Now the healthcare management system has scaled along with its clients, and works with medical practices that range in size from five to 100 practitioners. The platform is now used in about 50 countries and recently launched … Read more

Ark Invest’s Cathie Wood on Europe opportunities

The most popular question on Ark Invest’s website has nothing to do with investing in the U.S., according to the firm’s CEO and Chief Investment Officer Cathie Wood. “The No. 1 question on our website as we track these questions is: Why can’t we buy your strategies in Europe?” the tech investor told CNBC’s “ETF … Read more

Abu Dhabi sovereign-wealth fund invests nearly $600M in Reliance Retail at $100B valuation

Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a … Read more

Tinder goes ultra-premium, Amazon invests in Anthropic and Apple explains its new AirPods

It’s that time of the week again, folks — time for Week in Review (WiR), TechCrunch’s newsletter that recaps the past few days in tech. The news cycle never sleeps, and it’s exhausting — this reporter knows all too well. But fortunately, neither does WiR. Our curated list of the top stories this week will … Read more