Chinese industrial software developer New Dimension Systems has secured almost 700 million yuan ($97.1 million) in a new funding round from investors including Temasek-backed Vertex Ventures and SoftBank China Venture Capital. The Hangzhou-headquartered startup raised the fresh capital from lead investor SDIC Venture Capital, the investment management arm of China’s State Development & Investment Corporation… Continue reading SDIC, Vertex Ventures back $97m round of China’s New Dimension SystemsSoftBank China Venture Capital also participated in the round.
Category: Automotive
China’s Alwin Capital closes second dual-currency fund this month at over $300m
Chinese venture capital (VC) firm Alwin Capital has secured the final close of a dual-currency fund at $300 million to invest in life and interdisciplinary sciences, according to a company announcement. The RMB investors of the dual-currency fund include large fund of funds (FoFs), Chinese government guidance funds, medical industry and insurance companies, banks, and… Continue reading China’s Alwin Capital closes second dual-currency fund this month at over $300m
Indonesian mobile cafe startup Jago nets $2.2m and other SE Asia deals
Indonesia-based mobile cafe network Jago has announced raising $2.2 million in pre-Series A funding anchored by venture capital firms Intudo Ventures, and BEENEXT. Jago, co-founded by former Gojek vice president of product Christopher Oentojo, said the oversubscribed round was also backed by CyberAgent Capital and Arkblu Capital. Go to Source
SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
Southeast Asia’s digital economy may cross the $200 billion mark by Gross Merchandise Value (GMV) this year, three years earlier than thought, according to the 2022 e-Conomy report by Google, Temasek, and Bain & Co. The inaugural e-Conomy SEA report, in 2016, had predicted this to happen by 2025. GMV in the region is on… Continue reading SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
Fugitive the Curious Case of Carlos Ghosn Review: Downfall of a Lengendary Car Mogul – Leisure Byte
Fugitive the Curious Case of Carlos Ghosn is Netflix’s latest biographical documentary about the legendary man who turned the fate of two of the biggest automobile companies- Renault and Nissan. From a businessman to a world-renowned fugitive, this is a film that you wouldn’t want to miss. Directed by Lucy Blakstad, the docuseries interviews various… Continue reading Fugitive the Curious Case of Carlos Ghosn Review: Downfall of a Lengendary Car Mogul – Leisure Byte
German Handelsblatt: Argo AI: Volkswagen and Ford abandon a billion-dollar project for autonomous driving – employees appalled005486
The Volkswagen Group and the US car manufacturer Ford are abandoning a joint project for autonomous driving. Both companies are stopping financial support for the software developer Argo AI, which was supposed to develop computer systems for autonomously used robotic taxis for both Ford and VW. The US company Argo AI will therefore probably have… Continue reading German Handelsblatt: Argo AI: Volkswagen and Ford abandon a billion-dollar project for autonomous driving – employees appalled005486
SBC sets direction for future growth with key senior executive hire
LONDON, Oct. 27, 2022 /PRNewswire/ — International events and media organisation SBC has enhanced its senior management team with the appointment of Michael Mandl to the new role of Chief Growth Officer for SBC Events. Reporting to CEO Rasmus Sojmark, Mandl will be tasked with maximizing the opportunities in SBC’s current sports betting and iGaming… Continue reading SBC sets direction for future growth with key senior executive hire
SKF and NIO expand strategic cooperation
GOTHENBURG, Sweden, Oct. 27, 2022 /PRNewswire/ — SKF and NIO, a leading premium smart electric vehicle manufacturer have strengthened their strategic cooperation. As part of the agreement, SKF will be a preferred supplier of ceramic ball bearings and provide wide-ranging technical expertise to support NIO’s product development and global expansion plans. In 2021, NIO delivered… Continue reading SKF and NIO expand strategic cooperation
Automotive Rental and Leasing Market Size to Grow by USD 147.98 Bn, Aspark Holidays Pvt. Ltd. and Avis Budget Group Inc. Among Key Vendors – Technavio
NEW YORK, Oct. 27, 2022 /PRNewswire/ — The automotive rental and leasing market size is expected to grow by USD 147.98 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.46% during the forecast period, according to Technavio. The report offers an up-to-date analysis of… Continue reading Automotive Rental and Leasing Market Size to Grow by USD 147.98 Bn, Aspark Holidays Pvt. Ltd. and Avis Budget Group Inc. Among Key Vendors – Technavio
SBC sets direction for future growth with key senior executive hire
LONDON, Oct. 27, 2022 /PRNewswire/ — International events and media organisation SBC has enhanced its senior management team with the appointment of Michael Mandl to the new role of Chief Growth Officer for SBC Events. Reporting to CEO Rasmus Sojmark, Mandl will be tasked with maximizing the opportunities in SBC’s current sports betting and iGaming… Continue reading SBC sets direction for future growth with key senior executive hire