Bloomberg SoftBank Vision Fund is joining a $300 million investment in Cloudminds, helping the Chinese robotics and artificial intelligence startup ramp up production capacity with the goal of tripling its revenue this year. Cloudminds, which last raised money in 2017 at a $440 million valuation, aims to sell half a million of its robots this year to Chinese customers from ...

Bloomberg Alibaba Group Holding Ltd may get its cheapest dollar-denominated syndicated loan ever as it negotiates with banks to amend terms of its existing $4 billion borrowing. The Chinese Internet giant wants to cut the interest margin of the facility that it signed in May 2016 by 25 basis points to 85 basis points over Libor, said people familiar with ...

Bloomberg China’s former top internet regulator was sentenced to 14 years in prison for corruption, completing the downfall of a once-high-flying official who mingled with executives from Apple Inc and Facebook Inc. Lu Wei was found guilty of taking bribes on Tuesday by the Ningbo People’s Intermediate Court in the eastern province of Zhejiang, according to the official Xinhua News ...