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- NewStone reportedly raises nearly $400 million in Series E
An analysis by Industry Observer, published with authorization by TMTPost, says unmanned-delivery vehicle maker NewStone completed a nearly US$400 million Series E round co-led by Boyu Investment and a national AI industry investment fund, with Alibaba and other existing and new shareholders participating. The report also says NewStone’s cumulative financing has exceeded RMB 10 billion, while the unmanned-delivery sector has not yet achieved profitability at scale.
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