Japanese biopharma producer LUCA Science has raised a ¥3.86-billion ($30.3 million) oversubscribed Series B financing round while Solana Ventures and the Solana Foundation have formed a $100-million fund. LUCA Science raises $30.3m Japan’s LUCA Science has raised ¥3.86 billion ($30.3 million) in an oversubscribed Series B financing round co-led by DCI Partners, 4BIO Capital and… Continue reading Asia Digest: LUCA Science raises $30m; Solana launches $100m fund …
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HSBC shuts down Hong Kong-based trade startup Serai
A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered bank said on Wednesday. Serai, a wholly-owned subsidiary of Europe’s biggest bank, that connected small-and-medium-sized apparel makers with component suppliers worldwide, was HSBC‘s first investment in a non-banking tech startup.… Continue reading HSBC shuts down Hong Kong-based trade startup Serai
Malaysia’s e-commerce aggregator iPrice Group lays off 20% employees
iPrice Group, the Southeast Asian e-commerce aggregator platform, announced that it has laid off 20% of its staff as part of several measures to focus on its core mission “to help people save money” shopping online. The move comes three months after the company announced a $5-million investment from Japanese conglomerates Itochu Corporation and KDDI… Continue reading Malaysia’s e-commerce aggregator iPrice Group lays off 20% employees
Jiraaf raises $7.5m from Accel, others and India deals worth $296m
Jiraaf, a platform for new-age, high-yield fixed-income investment opportunities, on Wednesday announced that it has raised $7.5 million in its Series A funding round led by Accel Partners, Mankekar Family Office, Aspire Family Office (Dr Bhaskar Shah) and other angel investors. The financing also saw participation from multiple angel investors, including Capital A, the founders of… Continue reading Jiraaf raises $7.5m from Accel, others and India deals worth $296m
German Handelsblatt: Diesel scandal: 288 million euros are not enough: VW shareholders want to overturn comparison with Winterkorn and Co.004451
It was a record deal: Volkswagen received around 288 million euros back from former CEO Martin Winterkorn, ex-Audi boss Rupert Stadler and other former managers and insurers for breaches of duty in the diesel scandal. But many VW shareholders were not impressed. On the contrary: They attacked the group management hard for the comparison –… Continue reading German Handelsblatt: Diesel scandal: 288 million euros are not enough: VW shareholders want to overturn comparison with Winterkorn and Co.004451
OptiGroup to acquire MaskeGruppen in Norway
STOCKHOLM, June 8, 2022 /PRNewswire/ — OptiGroup has agreed to acquire 100% of the shares of MaskeGruppen AS from Maske Holding AS. As a leading full-service distributor of facility supplies, healthcare products and industrial packaging, MaskeGruppen will complement and further strengthen OptiGroup’s service offering for B2B customers The acquisition, which is subject to approval by the… Continue reading OptiGroup to acquire MaskeGruppen in Norway
E-Commerce Logistics Market to Reach $1.9 Bn, Globally, by 2030 at 23.5% CAGR: Allied Market Research
Booming e-commerce industry and improved relationships between suppliers & customers drive the growth of the global e-commerce logistics market. PORTLAND, Ore., June 8, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “E-Commerce Logistics Market By Service Type (Transportation, Warehousing), By Operational Area (International, Domestic): Global Opportunity Analysis and Industry Forecast, 2020-2030″. According to the report,… Continue reading E-Commerce Logistics Market to Reach $1.9 Bn, Globally, by 2030 at 23.5% CAGR: Allied Market Research
WirelessCar Expands Connected Vehicle Services With New Android Automotive OS-based Applications Featured in Polestar Cars
DETROIT, June 8, 2022 /PRNewswire/ — WirelessCar, a leading connected car services provider, today announced an expansion of applications built on the Android Automotive Operating System (Android Auto OS), paving the way for automakers to develop new, truly digital services for their customers in a fraction of the traditional development time. WirelessCar is since this… Continue reading WirelessCar Expands Connected Vehicle Services With New Android Automotive OS-based Applications Featured in Polestar Cars
Syft Launches Version 4.5 of its Syft Synergy® Platform
A new mobile user interface and experience plus new features support more efficient hospital inventory and supply chain management processes. TAMPA, Fla., June 8, 2022 /PRNewswire/ — Syft®, a subsidiary of GHX and a leading national provider of healthcare inventory control and end-to-end supply chain management software and services, today released Syft Synergy® 4.5. Enhancements to… Continue reading Syft Launches Version 4.5 of its Syft Synergy® Platform
Boom Supersonic Announces Second Annual Net Good Summit to Accelerate Path to Net-Zero Travel
Supersonic aircraft pioneer to host gathering of sustainability leaders from more than 50 companies and organizations, including American Express, United Airlines, Japan Airlines, Rolls-Royce DENVER, June 8, 2022 /PRNewswire/ — Boom Supersonic, the company building the world’s fastest and most sustainable supersonic airliner, today announced its plans for the second annual Net Good Summit, an invitation-only… Continue reading Boom Supersonic Announces Second Annual Net Good Summit to Accelerate Path to Net-Zero Travel