Chinese investment firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Alibaba Group, is reportedly seeking to raise $300 million for a private credit fund. Primavera, which invests in the global market with a focus on China, is said to have built out the credit strategy earlier this year with the recruitment of… Continue reading China’s Primavera said to be targeting $300m for private credit fundThe firm is reportedly in the market raising its fourth US dollar fund with a targ…
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Alibaba may sell $200m shares in India’s Zomato via block deal
Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. The Chinese e-commerce giant, through its finance affiliate Ant Group, currently owns a 13.3% stake in Zomato, according to Refinitiv data. Alibaba and Zomato did not immediately respond to Reuters requests for comment. The block deal on Wednesday will likely be… Continue reading Alibaba may sell $200m shares in India’s Zomato via block deal
ID Digest: Ajaib fires 8% staff; Seedstars launches new investment platform
The tech layoff spree continues in Indonesia, with Ajaib cutting 8% of its workforce. Meanwhile, Seedstars, a Swiss venture capital firm, has launched an investment platform for emerging venture capital (VC) fund managers. Ajaib sacks 67 employees Indonesian investment platform Ajaib has laid off 67 employees, or about 8% of its headcount, as reported by… Continue reading ID Digest: Ajaib fires 8% staff; Seedstars launches new investment platform
Air Corsica Takes Delivery of First ATR 72-600 Aircraft Powered by Pratt & Whitney Canada’s PW127XT-M Engines
New engines are more fuel efficient and less expensive to operate than previous models LONGUEUIL, QC, Nov. 29, 2022 /PRNewswire/ — Pratt & Whitney, a Raytheon Technologies (NYSE: RTX) business, ATR and Air Corsica today celebrated the delivery of the first PW127XT-M-powered next generation of ATR 72-600 aircraft. The debut of the upgraded PW127XT engine… Continue reading Air Corsica Takes Delivery of First ATR 72-600 Aircraft Powered by Pratt & Whitney Canada’s PW127XT-M Engines
VicOne Publishes 2022 Automotive Cybersecurity Report
Report addresses keyless entry, charging stations, and ransomware threats and provides predictions for 2023 TAIPEI, Taiwan, Nov. 29, 2022 /PRNewswire/ — VicOne, an automotive cybersecurity solutions provider established by cloud security leader Trend Micro, has published its 2022 automotive cybersecurity report. The report warns that the electric vehicle industry faces growing cybersecurity risks, especially through… Continue reading VicOne Publishes 2022 Automotive Cybersecurity Report
OCEANX AND BLACK IN MARINE SCIENCE ANNOUNCE COLLABORATION TO FURTHER SCIENTIFIC RESEARCH OF THE OCEANS
Co-designed science projects will open new potential for high-tech research aboard OceanX’s marine research vessel, OceanXplorer NEW YORK, Nov. 29, 2022 /PRNewswire/ — Global ocean exploration nonprofit OceanX announced today an expansion of its partnership with Black in Marine Science, the premier organization celebrating Black marine scientists, spreading environmental awareness, and inspiring the next generation… Continue reading OCEANX AND BLACK IN MARINE SCIENCE ANNOUNCE COLLABORATION TO FURTHER SCIENTIFIC RESEARCH OF THE OCEANS
LECTRIC EBIKES DEFIES INFLATION ODDS, SLASHING CONSUMER PRICES AND RELIEVING ENERGY COSTS
The Country’s Fastest Growing E-Bike Brand Offers Viable Urban Transportation Solution for the Masses, Despite Inflation and Supply Chain Disruptions PHOENIX, Nov. 29, 2022 /PRNewswire/ — With rising costs of living and rising energy costs present on a global scale, a single EV company – the fastest growing e-bike brand in the U.S. – defies… Continue reading LECTRIC EBIKES DEFIES INFLATION ODDS, SLASHING CONSUMER PRICES AND RELIEVING ENERGY COSTS
Outlook on the Fluids and Lubricants for Electric Vehicles Global Market to 2028 – Growing Trend for the Development of Autonomous Vehicles is Creating Growth Opportunities
DUBLIN, Nov. 29, 2022 /PRNewswire/ — The “Fluids and Lubricants Market for Electric Vehicles: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028” report has been added to ResearchAndMarkets.com’s offering. The report on the global fluids and lubricants market for electric vehicles provides qualitative and quantitative analysis for the period from 2020 to… Continue reading Outlook on the Fluids and Lubricants for Electric Vehicles Global Market to 2028 – Growing Trend for the Development of Autonomous Vehicles is Creating Growth Opportunities
Space Force’s Wide Field of View achieves First Light
Milestone demonstrates the potential of next-generation technologies for missile warning EL SEGUNDO, Calif., Nov. 29, 2022 /PRNewswire/ — The United States Space Force Space Systems Command’s Wide Field of View Testbed transmitted its “First Light” mission data-product. Performing the satellite’s mission operations, Millennium Space Systems, a Boeing (NYSE: BA) company, secured the data beginning October… Continue reading Space Force’s Wide Field of View achieves First Light
MOTEL 6 PARTNERS WITH SHARE WINTER FOUNDATION AND INDY PASS TO MAKE SKI TRIPS MORE ACCESSIBLE THIS WINTER
Economy lodging brand will fund transportation for 200+ children in Midwest to hit the slopes DALLAS, Nov. 29, 2022 /PRNewswire/ — For a second year in a row, Motel 6 is working to make winter sports more accessible to children and individuals across the U.S. through two partnerships that aim to ease the financial burdens… Continue reading MOTEL 6 PARTNERS WITH SHARE WINTER FOUNDATION AND INDY PASS TO MAKE SKI TRIPS MORE ACCESSIBLE THIS WINTER