Funding
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6 stories in Business · Updated live
Stefano Gabbana Resigns as Chairman of Dolce & Gabbana Amid Debt Restructuring
Stefano Gabbana has resigned as chairman of Dolce & Gabbana effective January 1, 2026, amidst ongoing negotiations to refinance €450 million in debt. The immediate trigger for this leadership change is the financial strain caused by a global luxury market slowdown and reduced demand from China and the Middle East. Long-term implications may include a strategic shift in the company's operations and potential asset disposals to stabilize its financial standing.
Alibaba Cloud Invests $293 Million in ShengShu Technology to Enhance AI Video Generation
Alibaba Cloud has led a $293 million funding round in Beijing-based AI startup ShengShu Technology, marking a significant investment in the AI video generation sector. This funding follows the recent reveal of Alibaba's HappyHorse 1.0 AI video model, which has gained top rankings in the industry. The long-term implication is a strengthened competitive position for ShengShu in China's AI market, particularly against rivals like ByteDance and Kuaishou, as they develop advanced multimodal AI capabilities.
OKX Ventures and HashKey Capital Invest in Vietnam's CAEX for Crypto Exchange Pilot Program
On April 10, 2026, OKX Ventures and HashKey Capital announced investments in CAEX to support its bid for Vietnam's regulated crypto asset trading pilot program. This investment comes as CAEX meets the 10 trillion VND charter capital requirement set by the Vietnamese government under Resolution 05/2025/NQ-CP, which aims to establish a compliant local crypto trading infrastructure. The long-term implication is that CAEX is now positioned to play a significant role in Vietnam's evolving crypto market, potentially attracting more institutional investment and fostering local trading activity.
Blackstone Digital Infrastructure Trust files for $2 billion IPO to acquire data centers
On April 10, 2026, Blackstone Inc. filed a registration statement with the SEC for an IPO of its Blackstone Digital Infrastructure Trust, aiming to raise $2 billion for acquiring leased data centers. This move is triggered by the surging demand for AI infrastructure, as major tech companies face data center shortages. Long-term, this positions Blackstone to expand its influence in the rapidly growing AI-related real estate market, potentially reshaping investment strategies for retail and institutional investors.
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Major Pharmaceutical Companies Secure Licensing Deals with Chinese Biotechs
Pfizer has entered an exclusive licensing agreement with China's 3SBio for a bispecific cancer antibody, marking a significant shift in Western pharmaceutical firms' reliance on Chinese biotech innovation. This trend is driven by the rapid development and lower costs associated with Chinese drug candidates, as evidenced by multiple licensing transactions totaling nearly $5.6 billion in 2025. In the long term, this could reshape the global pharmaceutical landscape, as Western companies increasingly prioritize partnerships with Chinese firms to replenish their drug pipelines amid patent expirations.
Blackstone Digital Infrastructure Trust files for $2 billion IPO to acquire data centers
On April 10, 2026, Blackstone Inc. filed a registration statement with the SEC for an IPO of its Blackstone Digital Infrastructure Trust, aiming to raise $2 billion for acquiring leased data centers. This move is triggered by the surging demand for AI infrastructure, as major tech companies face data center shortages. Long-term, this positions Blackstone to expand its influence in the rapidly growing AI-related real estate market, potentially reshaping investment strategies for retail and institutional investors.
SiFive Raises $400 Million in Series G Funding to Enhance RISC-V Technology
SiFive completed a $400 million Series G funding round on April 9, 2026, marking a significant investment in the semiconductor sector. The funding, led by Atreides Management and supported by major players like NVIDIA, is driven by increasing demand for open-standard alternatives to proprietary chip architectures. This capital injection positions SiFive for a potential IPO and intensifies competition with established firms like Arm and Nvidia in the AI and data center markets.
Stefano Gabbana Resigns as Chairman of Dolce & Gabbana Amid Debt Restructuring
Stefano Gabbana has resigned as chairman of Dolce & Gabbana effective January 1, 2026, amidst ongoing negotiations to refinance €450 million in debt. The immediate trigger for this leadership change is the financial strain caused by a global luxury market slowdown and reduced demand from China and the Middle East. Long-term implications may include a strategic shift in the company's operations and potential asset disposals to stabilize its financial standing.