• Friday, December 09, 2022

News

Amazon joins major Asian backers of Android creator’s new phone 

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.…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…