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Uforce, a London-headquartered defense start-up founded in Ukraine, raised $700m in a financing round co-led by the UK National Wealth Fund (NWF) and Valor Equity Partners. NWF invested $150m, its largest defense-sector commitment to date, valuing Uf

2026-11-12

Uforce, a London-headquartered defense start-up founded in Ukraine, raised $700m in a financing round co-led by the UK National Wealth Fund (NWF) and Valor Equity Partners. NWF invested $150m, its largest defense-sector commitment to date, valuing Uforce at $6bn. Uforce, formed in 2022 from several Ukrainian developers of drones, unmanned vessels and counter‑UAS systems, said it will use proceeds to expand production in Ukraine and R&D centers in the UK, US and Germany.

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2026-11-12

At the opening of the A-share market, the Shanghai Composite Index fell 0.21%, the Shenzhen Component Index fell 0.25%, and the ChiNext Index fell 0.5%, with the short drama and game sector declining.

At the opening of the A-share market, the Shanghai Composite Index fell 0.21%, the Shenzhen Component Index fell 0.25%, and the ChiNext Index fell 0.5%, with the short drama and game sector declining.
2026-11-12

Chongqing government issued a 2026–28 action plan to develop a token-driven data industry. It aims to lift citywide schedulable AI compute capacity to more than 100,000 P by 2028 and establish token testbeds in urban governance, industrial manufactur

Chongqing government issued a 2026–28 action plan to develop a token-driven data industry. It aims to lift citywide schedulable AI compute capacity to more than 100,000 P by 2028 and establish token testbeds in urban governance, industrial manufacturing, healthcare and logistics. Deliverables include a matrix of 20+ token innovation platforms, 40+ industry vertical models and intelligent-agent clusters, and 100+ high-quality datasets and trusted data spaces for priority sectors, supporting the construction of 3,000+ high-quality datasets citywide. The plan also targets 10 specialized data-industry parks, the attraction or incubation of 200+ key data firms, and a data-industry output CAGR above 10%.
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