Dtcpay welcomes SBI Group as strategic investor extending Series A to $25M
Related
Stablecoin payments firm dtcpay closes $25M round with SBI backing
Dtcpay plans to expand its merchant network and payment products after completing a $25 million Series A backed by Japan’s SBI Group.
Ant Group completes strategic investment in Mint Health, holding over 28% stake and becoming its largest external shareholder.
According to Mars Finance, on July 8th, Ant Group and Mint Health jointly announced a major strategic investment partnership. Following the transaction, Ant Group becomes Mint Health's largest external shareholder, holding over 28% of the shares; Mint Health's founder and CEO, Ma Haihua, remains the company's largest shareholder. The two companies will collaborate to build professional-grade AI health services, focusing on core scenarios such as weight management. The first phase of features is currently available on the Ant Afu App.
Gate announced the promotion of Edwin Cheung to Executive Director, further strengthening the Group's global strategic development.
ChainCatcher reports that Gate announced today the formal promotion of Edwin Cheung to Executive Director. He will participate in the Group's overall strategic planning and global business development, further promoting Gate's long-term strategy in digital assets and fintech, and supporting the Group's continued expansion in global markets and enhanced overall competitiveness. Previously, Edwin was responsible for Gate's global fiat business strategy, driving institutional partnerships, payment infrastructure construction, and global market expansion, and actively participating in international business, laying a solid foundation for Gate's globalization and long-term strategic development. Edwin holds an MBA in Fintech from the Hong Kong University of Science and Technology and a Bachelor of Commerce degree from the University of Melbourne. With nearly ten years of experience in the financial industry at HSBC and Standard Chartered Bank, he has accumulated rich experience in institutional business, payment systems, and strategic partnerships. He stated, "I am deeply honored to serve as an Executive Director of Gate. In the future, I will work with the team to promote the implementation of the Group's long-term strategy, continuously improve global business synergy, enhance Gate's competitive advantage in digital assets and fintech, and create greater long-term value for global users." This appointment reflects Gate's continued commitment to globalization, long-term strategy, and organizational development. In the future, Gate will continue to adhere to the development philosophy of innovation-driven growth, steadily advance its global business layout, and continuously improve its product and service capabilities to create a more open, secure, and professional digital asset ecosystem for global users.
Shanghai Electric Group: Early participation in the electrical performance verification and reliability testing of next-generation high-end materials shortens the material certification cycle and ensures priority quota guarantees during periods of supply shortage.
According to Mars Finance, Shanghai Electric Group Co., Ltd. (002463.SZ) released an investor relations activity record announcement. Domestically, the company balances short-term benefits with long-term development. On the one hand, it focuses on bottlenecks and key processes in high-end PCBs, implementing iterative upgrades and targeted capacity expansion, continuously tapping the high-value-added output potential of existing plants. On the other hand, it accelerates the construction of high-end capacity expansion projects. The company's planned investment of approximately 4.3 billion RMB in Q4 2024 to build a new high-end printed circuit board expansion project for artificial intelligence chips commenced construction in late June 2025 and is currently progressing smoothly. Trial production is expected to begin in the second half of 2026, gradually increasing capacity. The implementation of this project will further expand the company's high-end product capacity and better meet customers' medium- and long-term demand for high-end printed circuit boards for emerging computing scenarios such as high-speed computing servers and artificial intelligence, enhancing the company's core competitiveness and improving its economic benefits. Based on its forecast of market demand and structure, the company accelerated the launch of a series of capacity expansion plans in the first quarter of 2026. In June 2026, the company acquired 100% equity of Kunshan Pujiang Warehousing Facilities Co., Ltd. (hereinafter referred to as "Pujiang Warehousing"), and will use Pujiang Warehousing's factory buildings for capacity expansion. To address potential bottlenecks in the supply chain, the company proactively and strategically deepens cooperation and collaborative innovation mechanisms. With the accelerated evolution of high-end PCBs towards ultra-low loss resins, ultra-low profile copper foil (HVLP), and special high-performance fiberglass cloth, stringent process barriers and yield bottlenecks have led to temporary capacity constraints and tight supply of some high-end raw materials. The company fully intervenes in the very early stages of end-customer product development, participating in the electrical performance verification and reliability testing of next-generation high-end materials in advance, shortening the material certification cycle, and ensuring priority quota guarantees during periods of supply shortage; at the same time, it fully implements strategic safety stockpiles of key materials and accelerates diversified and localized certifications to reduce the risk of raw material supply disruptions and strengthen a resilient supply chain security barrier. (Cailian Press)
Japan’s SBI leads $68M Fasset round at $1B valuation
Fasset raised $68 million in a Series C led by SBI Group as the companies plan a digital bank in Malaysia and to expand stablecoin payments.
Kandi Technologies strategically acquires a controlling stake in XinChu New Energy, extending its business to AIDC backup power storage.
According to Mars Finance, on June 29th, Kandi Technologies announced the completion of a 20 million yuan strategic investment in XinChu New Energy, acquiring a 51% controlling stake. This investment marks Kandi's strategic entry into the global AI data center backup power and energy storage market.