XR glasses maker VITURE has raised $10 million in a Series A round, while metasurface optics maker Metalenz has bagged $30 million in a Series B funding round led by Neotribe Ventures. XR glasses maker VITURE bags $10m Series A Extended reality (XR) firm VITURE has raised over $10 million in a Series A funding… Continue reading China Digest: XR glasses maker VITURE bags $10m; Metalenz raises $30mBaidu Ventures participated in Metalenz’s fundraising.
Category: Automotive
HK bourse weighs looser IPO rules for tech companies amid Q3 profit slump
Hong Kong’s bourse operator said there were signs of new momentum in the initial public offering market as it posted a 30% drop in third-quarter profit on Wednesday, beating analyst expectations for a steeper fall. Hong Kong Exchanges and Clearing Ltd (HKEX) also said it had launched a two-month consultation to make it easier for… Continue reading HK bourse weighs looser IPO rules for tech companies amid Q3 profit slump
Asia Digest: BigPay adds 3 new services; Wise to double SG headcount
Fintech company BigPay is adding three new services to its Major Payment Institution Licence, while global payments firm Wise is optimistic about raising its headcount in Singapore to 400. BigPay adds three new financial services in Singapore BigPay, the fintech unit of Malaysia’s Capital A, is adding three new services to its Major Payment Institution… Continue reading Asia Digest: BigPay adds 3 new services; Wise to double SG headcount
S.Korean chat app Kakao’s co-CEO steps down after widespread outage
Kakao Corp’s co-CEO Namkoong Whon has stepped down, the company said on Wednesday, after an outage that shut down South Korea’s largest mobile chat app and other services, triggering widespread backlash from authorities and the public. The resignation, effective Wednesday, leaves co-CEO Hong Euntaek as the sole CEO. The company apologised for the outage that… Continue reading S.Korean chat app Kakao’s co-CEO steps down after widespread outage
Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Fundiin, one of the first movers in Vietnam’s buy now pay later (BNPL) sector, has raised $5 million in a Series A funding round co-led by Trihill Capital and ThinkZone Ventures, according to an announcement. Other investors participating in the round included 1982 Ventures, Genesia Ventures, JAFCO Asia, Zone Startups Ventures, and Do Thu Ngan, former… Continue reading Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Daniela Cavallo, the trade union power behind the Volkswagen throne – Financial Times
Daniela Cavallo, the trade union power behind the Volkswagen throne Financial Times Go to Source
How Volkswagen is reinventing itself as an EV company – The Verge
A new electric Microbus offers a glimpse at the future of VW Share this story Photo Illustration by Grayson Blackmon / The Verge Today, I’m talking to Volkswagen Group CEO Dr. Herbert Diess. Volkswagen is one of the two biggest carmakers in the world — there’s a battle every year between VW and Toyota for… Continue reading How Volkswagen is reinventing itself as an EV company – The Verge
Nissan, Renault relationship should be ‘more equal’ Renault CEO tells Nikkei – Reuters
TOKYO, Oct 18 (Reuters) – The relationship between Japan’s Nissan Motor Co (7201.T) and top shareholder Renault SA should be “more equal”, the Nikkei newspaper quoted the French automaker’s chief executive as saying. “This is not one side losing and the other side winning,” the newspaper quoted Luca de Meo as saying in an interview,… Continue reading Nissan, Renault relationship should be ‘more equal’ Renault CEO tells Nikkei – Reuters
Former boss Ghosn says Nissan’s lack of vision is hurting Renault – Reuters.com
TOKYO, March 3 (Reuters) – Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault SA (RENA.PA) is struggling because of the Japanese automaker’s lack of vision. “I’m not very optimistic about the future of Nissan,” Ghosn told reportersfollowing the… Continue reading Former boss Ghosn says Nissan’s lack of vision is hurting Renault – Reuters.com
As carmakers unveil new EVs, France ups subsidies for poorer buyers – Reuters
PARIS, Oct 17 (Reuters) – Renault (RENA.PA) and Stellantis (STLA.MI) unveiled new French-made electric vehicles (EVs) at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production. In an interview with business daily Les Echos before visiting the show, Macron… Continue reading As carmakers unveil new EVs, France ups subsidies for poorer buyers – Reuters