Tesla Insurance, the automaker’s growing insurance division, has launched its real-time driver data insurance product in Nevada. It is now available in eight states, plus California but without real-time driver data, and there’s evidence that several more states are coming. Tesla Insurance expansion Tesla updated its website to note that its real-time data insurance product… Continue reading Tesla launches its own insurance based on real-time driver data in Nevada with more states to come
Category: Automotive
Morgan Stanley proposes new China board for multinational listings …
The head of Morgan Stanley’s China securities business proposed the setting up of an international board in China to allow offshore-listed Chinese companies and foreign firms to list in the domestic market. Jing Qian, CEO of Morgan Stanley Securities (China), also told the official Shanghai Securities News in an interview that China should consider lowering the profitability threshold for… Continue reading Morgan Stanley proposes new China board for multinational listings …
Silicon Valley-based Scale Asia Ventures sets up $30m maiden fund …
Scale Asia Ventures (SAV) has launched its $30-million inaugural early-stage fund, as the Silicon Valley-based venture capital (VC) firm seeks to bring its Asian-American network and resources to portfolio companies. Beyond early-stage funding, the fund plans to fuel its portfolios with an additional $100 million in later-stage funding directly from its limited partner (LP) base… Continue reading Silicon Valley-based Scale Asia Ventures sets up $30m maiden fund …
China’s central bank accepts Ant’s application for financial holding company
China’s central bank has accepted Ant Group’s application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma’s fintech business and reviving its stock market debut. The People’s Bank of China’s (PBOC) expected approval of the plan is the… Continue reading China’s central bank accepts Ant’s application for financial holding company
People Digest: Credit Suisse loses HK investment bankers; Clifford Chance names new partner
Credit Suisse has lost at least four investment bankers in Hong Kong, while international law firm Clifford Chance has appointed Liyong Xing as a partner. Credit Suisse loses Hong Kong investment bankers Credit Suisse has lost at least four investment bankers in Hong Kong, per a report by finews.asia on Friday. The departures were from… Continue reading People Digest: Credit Suisse loses HK investment bankers; Clifford Chance names new partner
Indian social media app ShareChat closes $520m round at $5b valuation
Bengaluru-based social media platform ShareChat, operated by Mohalla Tech Pvt Ltd, has closed a $520-million multi-tranche funding round at a valuation of $5 billion, per its announcement on Thursday. While the first tranche worth $266 million was raised in December last year from Alkeon Capital, Temasek Holdings, HarbourVest, Moore Strategic Ventures, and India Quotient, the… Continue reading Indian social media app ShareChat closes $520m round at $5b valuation
Australia’s Latitude Group terminates buyout offer for Humm’s BNPL business
Australian digital payment and lending firm Latitude Group Holdings on Friday terminated its A$335 million ($235.97 million) offer to buy Humm Group Ltd’s consumer unit that includes its buy now, pay later (BNPL) business. Shares of Humm Group fell as much as 11.3% to A$0.510, hitting their lowest since March 2020 and extending losses to… Continue reading Australia’s Latitude Group terminates buyout offer for Humm’s BNPL business
German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845
Meager three months after taking office As Volvo boss, Jim Rowan sets a scent mark for the first time. As of June 20, the CEO will slim down the car manufacturer’s board of directors by four posts. Instead of the previous eleven, there will only be seven people on the board in future. Henrik Green… Continue reading German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845
German Manager Magazin: Twitter: Elon Musk is aiming for a billion users for news service after a takeover001846
Elon Musk (50) lowers the bar for Twitter high. At the first question and answer session with employees of the US short message service, the Tesla boss announced the goal of increasing the number of users to at least one billion. That would more than quadruple the number of users: Twitter currently has 229 million… Continue reading German Manager Magazin: Twitter: Elon Musk is aiming for a billion users for news service after a takeover001846
German Manager Magazin: Dyson, Amazon, Samsung, Google & Co.: These companies are competing for the household robots Dyson, iRobot, Samsung, Google & Co.:001845
Vacuuming, mopping, mowing the lawn, cleaning the grill and guarding the home – more and more companies are expanding their business to include robots for the home. Dyson has just announced plans to develop robotic hands that can grab objects. This should also make housework such as washing clothes or loading the dishwasher possible in… Continue reading German Manager Magazin: Dyson, Amazon, Samsung, Google & Co.: These companies are competing for the household robots Dyson, iRobot, Samsung, Google & Co.:001845