Essential Products from multiple investors, includingAmazon,TencentAnd Red Point Investment and other financing of about 300 million US dollars, a year ago the company was also valued at about 9 to 1 billion US dollars.
In addition, Foxconn also invests in Essential (Essential mobile phones are also assembled at Foxconn's factory). According to informed sources, the research and development cost of Essential's first smartphone is US$100 million, which is about one-third of financing.
Allegedly, the current negotiation focus is mainly on the sale of the entire company, including patents, hardware products (first generation mobile phones, collocation cameras and upcoming smart home products). In addition, the company has recruited talent from companies such as Apple and Google.