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Tesla’s “Gigafactory” in Shanghai has secured loans of up to 3.5 billion yuan ($520 million) from Chinese banks, according to the to the Securities and Exchange Commission (SEC) in the U.S. The electric car maker disclosed that it has signed a syndicated loan agreement with local branches of banks including China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, and Shanghai Pudong Development Bank. The funds, available until next March, will be borrowed at favorable rates. The interest rate of loans in Chinese yuan will be 90% of the one-year standard rate set by the People’s Bank of China, while the rate is 1% higher than Libor for USD-denominated loans.

The loans from local banks will be used for the construction of Tesla’s factory, expected to be finished by May, with the production of vehicles and batteries to begin by the end of 2019. God of war 3 pcsx2 iso download. Automaker broke ground in January on the outskirts of Shanghai. Chinese electric-vehicle startup WM Motor raised 3 billion yuan ($446 million) in series C funding led by tech giant Baidu, the company. Other investors in this round included Linear Venture and Tailing Industrial Fund. The carmaker has raised nearly RMB23 billion so far in all rounds of fundraising. The new funds will be used to further develop technologies and improve the driving experience for car owners, according to a company release. WM also hopes to “make a breakthrough in the research and development of intelligent cockpits,” according to founder and CEO Freeman Shen.

The 4-year-old automaker will also team up with Baidu to build a joint research center dedicated to autonomous driving technology. WM’s flagship EX5 model delivered 2,005 vehicles in January, ranking top among EV startups in terms of delivery amount. A leading Chinese investment bank has revised up its forecasts for a slew of key gauges of the country’s real estate market, citing an improving policy environment indicated in Premier Li Keqiang’s annual report to the top legislature. Property sales by floor space are now expected to decline by 7% rather than the previously projected 10% fall, according to a research note issued by China International Capital Corp. (CICC) Wednesday. Sales by value are estimated to weaken by 4%, instead of a 10% fall predicted earlier. Property investment will likely rise by 2%, a reversal for a previous forecast of a 5% drop.

It noted that the government work report, delivered by Li at the opening of this year’s session of the National People’s Congress, did not mention phrases such as “curbing the rise of real estate prices,” which would point to the government’s tightening stance over property policies. “We think the extremely simple accounts of the property market in the government work report means the central government agrees with the one-city, one-policy strategy and its effects.

Local governments may have greater flexibility to adjust their policies, which will help the market’s fundamentals to bottom out,” CICC analysts said in the report. Southeast Asian ride-hailing giant Grab has secured $1.46 billion in funding from SoftBank’s Vision Fund, the company announced on Wednesday.

The investment comes as part of the unicorn’s series H round, which totaled nearly $4.5 billion. Other investors in the round include Toyota, Hyundai, online travel agency Booking Holdings, Microsoft and China’s Ping’an Capital. Grab said new funds will be used to expand its business in Indonesia, as well as to find new opportunities to diversify the app’s online-to-offline offerings.

Japanese investment group SoftBank and its Vision Fund have been on the ride-hailing industry, with investments in startups including Didi Chuxing and its Silicon Valley rival Uber. Didi is also a major funder of Grab, and has invested in the Singapore-based company alongside SoftBank over multiple rounds of funding. South China’s hottest new advertising opportunity is toilets. Restrooms in Guangzhou should soon be full of business opportunities, according to a plan for a new project proposed during a local government conference. The city should encourage in-restroom businesses that would contribute to budget for restroom improvements, the plan suggested. Potential businesses would include commercial advertisements in the bathrooms as well as toilet-paper vending machines. Beijing has pushed a nationwide “toilet revolution” ever since President Xi initiated the campaign to modernize restrooms in 2015.