Published: Friday, April 23, 2021
Electric vehicle from REE Automotive. Credit: Ree Auto/YouTube
A new electric vehicle from REE Automotive raises the question of who will make tomorrow s cars. Ree Auto/YouTube
In a video from REE Automotive, a startup out of Israel, its marquee product acts like an automobile, swerving around traffic cones and over bumps. But crucial stuff is missing. No doors or windows, no steering wheel, no fenders or brake pedals. It s just a board with wheels.
Yet it is a four-wheeled, self-powered vehicle with the ability to accelerate, brake and steer. So it s an automobile. Or is it?
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Ant Group s money market fund shrinks in the first quarter Reuters 1 hr ago
SHANGHAI, April 22 (Reuters) - Ant Group s money market fund Yu e Bao shrank in the first quarter of 2021, according to Tianhong Asset Management Co Ltd, which manages the fund.
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The net asset value of Yu e Bao stood at 972.4 billion yuan ($149.92 billion) at end of the first quarter, according to the fund s Q1 report on Thursday, down 18.3% from that of 1.19 trillion yuan at end of 2020.
The drop came as regulatory pressure mounted on Jack Ma s Ant Group.
China has imposed a sweeping restructuring on Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing s determination to rein in its internet giants.