Li Auto Turns Profit, CoreVision Acquires VeFund, QIA Launches $1B Fund, Seoul City Supports AI Startups

Li Auto becomes the first major Chinese EV startup to turn a profit. CoreVision acquires VeFund to reshape the startup investment landscape. QIA launches a $1 billion venture capital fund of funds to support startups in Qatar and the GCC region. Seoul City and Cyber Valley collaborate to support the overseas expansion of South Korean AI startups.

Sources:
https://fortune.com/asia/2024/02/27/li-auto-first-major-china-ev-startup-annual-profit-earnings-shares-surge/
https://bnnbreaking.com/bnn-newsroom/corevisions-strategic-leap-acquiring-vefund-to-reshape-the-startup-landscape-in-saudi-arabia
https://yourstory.com/ys-gulf/qia-1b-venture-capital-fund-of-funds-support-startups
https://www.kedglobal.com/artificial-intelligence/newsView/ked202402270008

Outline:
(00:00:00) Introduction
(00:00:45) Li Auto wins race to become the first of China's major EV startups to turn a profit, sending shares up by over 25%
(00:03:29) CoreVision's Strategic Leap: Acquiring VeFund to Reshape the Start…
(00:06:16) QIA launches $1B venture capital fund of funds to support startups
(00:08:26) Seoul City, Cyber Vally to support AI startups for overseas expansion