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Weekly Lists
November 17, 2017 www.intellinews.com I Page 26
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State-backed Russian-Chinese fund participates in $1bn round for Chinese e-car manufacturer
The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund Russian Direct Investment Fund (RDIF) and China Investment Corporation, announced that it took part in a $1bn Series D round of investment in Chinese e-car maker NIO, East-West Digital News reported on November 13.
Led by China-based Tencent Holdings, the round also involved several institutional investors from the US, Western Europe, Asia and the Middle East.
The deal brings to $2.1bn the total funding amount raised so far by the company. Among early backers of the company were Baidu, GIC, TPG, Sequoia Capital, Hillhouse Capital, in addition to Tencent Holdings.
Kirill Dmitriev, CEO of RDIF, noted that the country has the potential “to become one of the most promising markets for this type
of transport.”
Israel-based provider of secure solutions for the e-government, public safety, healthcare and finance sectors SuperCom said it has won a contract with Bulgaria’s government to deploy its electronic solution to track and monitor offenders. SuperCom outbid two other candidates for the project.
The project aims to help Bulgaria reduce prison overcrowding and recidivism as it will secure home detention of public offenders.
The nationwide programme, set to include all electronic monitoring offender programmes within the country, is expected to initially monitor 250 enrollees simultaneously.
In a tit-for-tat retaliation against US demands that Russian state- owned broadcaster RT register as a “foreign agent” in the US, Russia’s government has rushed through a tough new law that allows it to close down any media working in Russia that receives money from abroad.
Hastily drafted amendments passed the first of three readings in the Duma on November 15. The law gives Russia’s justice ministry new powers to ban any media outlet that receives funding from abroad, but it is thought to be specifically aimed at US media outlets working in Russia.
Israeli SuperCom wins contract for electronic monitoring of offenders in Bulgaria
Russia’s government rushes through law allowing it to close down any media with foreign funding