A person familiar with the matter revealed that Abu Dhabi Artificial Intelligence Company G42 recently participated in the shares of the unpopular market.
According to Bloomberg, people familiar with the matter said that the G42 controlled by the UAE royal family, Sheikh Tahnoon Bin Zayed Al Nahyan, has acquired from existing investors through its 42XFUND in recent months.Byte beating shares of more than $ 100 million (S $ 134 million).Soon after, another fund also bought the company's shares at $ 225 billion.This price is far from the US $ 300 billion set by Tiktok's parent company in the recent stock repurchase plan.
The valuation of byte beating has continued to fluctuate, reflecting the situation that Washington has stated that Tiktok may be prohibited from Tiktok, and American members have accused it of threatening national security.Tiktok's management is considering the possibility of bumping and stripping from bytes in the case of a last resort.
The valuation of byte beating in the G42 transaction has not yet reflected the sequelae of Silicon Valley banks. This storm has shocked startups from the United States to China, and caused the outside world to worry about wider systemic risks.When Tiger Global bought bytes of bumper stocks in 2021, its valuation reached a peak of about $ 460 billion.
SHEIKH TAHNOON, the person in charge of the UAE's intelligence, established an investment portfolio from all aspects of the G42 from the G42.Last year, his artificial intelligence company established a $ 10 billion 42XFUND for technology companies used to invest in emerging markets.It recently hired Hu Ningfeng, head of the former JD.com Strategic Investment Department to expand in Asia.
