Even as cryptocurrency investors worldwide have taken a severe beating this year, in Indonesia, new players continue to enter the sector as investor appetite for virtual assets remains strong. East Ventures-backed wealth tech platform Stockbit, for instance, is reportedly eyeing crypto assets, DealStreetAsia has learned. The firm is currently hiring for roles related to blockchain… Continue reading More new players brush off fears to enter Indonesia’s growing crypto sectorUnicorn Ajaib, Vonix, and the Sinar Mas Group have entered the sector latel…
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Mega deals in India drop 46% to $3.9b as investors develop cold feet
Even as private equity and venture capital investors have amassed huge capital for their India-related funds, in terms of actual deployment, they seem to be increasingly pulling their purse strings, waiting to separate the wheat from the chaff and identify startups with superior unit economics. “It is not only the early-stage transactions that are bearing… Continue reading Mega deals in India drop 46% to $3.9b as investors develop cold feet
B2B e-commerce unicorn Moglix eyes expansion, aims to break even in 12-18 months
It has been just over a year since industrial business-to-business (B2B) e-commerce player Moglix entered the unicorn club, and the company is busy chalking out plans to capture new markets, possibly as early as next year. The company is also looking to break even (EBITDA positive) in the next 12-18 months. For reference, the company’s… Continue reading B2B e-commerce unicorn Moglix eyes expansion, aims to break even in 12-18 months
Germany’s DEG commits to invest $8.1m in Otto Fuchs’s China subsidiary
DEG, the development finance institution under German state-owned KfW, has committed to invest EUR 8 million ($8.1 million) in Otto Fuchs to support the capacity expansion of the company’s subsidiary in China, according to a disclosure. Founded in 1910, Germany’s Otto Fuchs develops products for the aerospace, automotive, construction and industrial engineering sectors. Go to… Continue reading Germany’s DEG commits to invest $8.1m in Otto Fuchs’s China subsidiary
KKR targets up to $1.5b for debut Asia-focused tech fund: Report
Global private equity powerhouse KKR is raising up to $1.5 billion for its debut technology growth fund that will focus on Asia, according to an AVCJ report. The fund, KKR Asia Next Generation Technology Growth Fund, will likely follow KKR’s Next Generation Technology (NGT) strategy where it invests in majority or minority stakes in private… Continue reading KKR targets up to $1.5b for debut Asia-focused tech fund: Report
16:37 ETDana Incorporated to Announce 2022 Second-quarter Financial Results, Host Conference Call and Webcast on August 3Dana Incorporated (NYSE: DAN)…
MAUMEE, Ohio, July 25, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) will release its 2022 second-quarter financial results on Wednesday, August 3, 2022. A press release will be issued at approximately 7 a.m. EDT, followed by a conference call and webcast at 10 a.m. EDT. Members of the company’s senior management team will be available… Continue reading 16:37 ETDana Incorporated to Announce 2022 Second-quarter Financial Results, Host Conference Call and Webcast on August 3Dana Incorporated (NYSE: DAN)…
GM joint venture to receive $2.5B government loan for US battery plants
The U.S. Department of Energy is reviving an old loan program and its first recipient is the joint battery venture between General Motors and LG Energy Solution. The $2.5 billion loan issued to GM and LG Energy will be used to help finance the construction of new lithium-ion battery cell manufacturing facilities. Reuters was first… Continue reading GM joint venture to receive $2.5B government loan for US battery plants
utu further Revolutionizes Global Tax-Free Shopping and reveals World’s First Tax-Free Shopping Rewards in Reward Points with Accor
utu’s partnership with Accor, one of the world’s leading Hospitality Group, fully integrates the utu platform with ALL – Accor Live Limitless – a daily lifestyle companion that provides meaningful experiences and rewards to its most engaged customers. The integration with ALL means that for every US$100 worth of VAT refund, customers can now convert… Continue reading utu further Revolutionizes Global Tax-Free Shopping and reveals World’s First Tax-Free Shopping Rewards in Reward Points with Accor
theLotter: Australians are in a frenzy to place orders for tonight’s US Mega Millions’ AU$1.14 billion jackpot draw
SYDNEY, July 26, 2022 /PRNewswire/ — theLotter Australia, recently licensed by the Northern Territory Government, launched a few months ago. The company now reports processing a massive number of orders for tonight’s American Mega Millions, after the official US lottery rolled over last Friday. The Mega Millions jackpot rose to US$790 million (which equates to… Continue reading theLotter: Australians are in a frenzy to place orders for tonight’s US Mega Millions’ AU$1.14 billion jackpot draw
GM joint venture gets $2.5 billion government loan to help build EV battery cell plants
General Motors’ joint venture with LG Energy Solution is on track to receive a multibillion-dollar loan from the U.S. government to build battery cell plants for electric vehicles, including one going up in Lansing. On Monday, the Department of Energy announced “a conditional commitment” for $2.5 billion to GM and LG’s 50-50 joint venture called Ultium Cells LLC. “While this conditional… Continue reading GM joint venture gets $2.5 billion government loan to help build EV battery cell plants