- Tuesday, April 30, 2024
By: Eastern Eye Staff
Amazon.com Inc has joined Tencent Holdings Ltd and the main assembler of iPhones in backing Essential Products Inc, the startup co-founded by Android-creator Andy Rubin that’s getting ready to sell a new smartphone. China’s largest social media company and Foxconn Technology Group took part in a $300-million funding round for Essential alongside Amazon’s Alexa Fund and Access Technology Ventures, the VC firm said in a statement. Other backers included Redpoint Ventures, Altimeter Capital and Vy Capital. Access said it contributed about $100 million to the pot. Rubin’s Essential is looking to break into the increasingly competitive field of consumer electronics.…
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