GQ Research

Beijing plans to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business.

The plan will also result in Ant turning over the user data that underpins lending decisions to a new credit scoring joint-venture that will be partly state-owned, citing people familiar with the process.

Source: CNBC

sweetgreen has bought Spyce, a Boston restaurant company that made a name for itself with its automated kitchen. The deal could make Sweetgreen more attractive to investors as it seeks to enter the public markets through an initial public offering.

Since its founding in 2015, Spyce has raised $24.88 million from investors, including famed chef Daniel Boulud, according to PitchBook Data.

Source: CNBC

A BMW Group project centered around the development of a long-distance electric vehicle battery has been awarded £26.2 million ($36.07 million) in joint funding from industry and the U.K. government.

The Oxford-based project, called BMW-UK-BEV, is one of four to receive funding via the Advanced Propulsion Centre Collaborative Research and Development competition.

Source: CNBC