Romanian consumer protection body begins investigation into Temu and Shein
1 day ago
Rusnano, the Russian state-controlled nanotechnology corporation, has exited Quantenna Communications, a US-based provider of high-performance Wi-Fi solutions, six years after an investment of around $20mn in the company, reports East-West Digital News.
Revealed by SEC documents and confirmed by Rusnano, the exit transaction took place December 2018. The Russian firm received some $43mn in exchange for its stake of approximately 7% in the Quantenna.
This provided Rusnano with a “more than fourfold ROI or 28.9% IRR in ruble equivalent,” according to Rusnano’s press service, or around twofold in US dollars, taken into account the ruble’s sharp depreciation since the year of the investment.
Quantenna has a Russian R&D team of around 60 researchers and engineers, whose microschemes are praised by industry experts.
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