.
MergerLinks Header Logo

Announced

Completed

China Mobile and Hexie Health led a $215m Series B funding round in Moore Threads.

Financials

Edit Data
Transaction Value£178m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Digital Services

visual computing

China

Single Bidder

Venture Capital

Friendly

Completed

Minority

Domestic

Private

Private Equity

Synopsis

Edit

China Mobile, a mobile telecommunication company, and Hexie Health, an insurance company that offers life, health, pension, accident and other insurance services, led a $215m Series B funding round in Moore Threads, a Chinese fabless semiconductor company, with participation from Dianshi Capital. “Moore Threads has developed new-generation, multipurpose GPU products to target metacomputing and the next generation of the Internet. Its products integrate visual computing, AI computing, and other multidimensional, multi-component computing platforms, with the capacity to digitise daily office work, customer service, high-definition video processing, AI applications, and beyond,” Lu Di, Miracle Capital CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US