Category: Tech News

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SG Digest: Neuroncredit issues $31m shares to parent firm; KKday Singapore bags funding from holding co

Neuroncredit has issued shares worth $31.3 million to its parent Advance Intelligence Group, while travel e-commerce company KKday Singapore has received $8 million from its parent. Neuroncredit repays loan to Advance Intelligence Group Neuroncredit Pte Ltd, the Singapore-registered entity of Southeast Asian fintech company Atome Financial, has issued shares worth $31.3 million to its parent… Continue reading SG Digest: Neuroncredit issues $31m shares to parent firm; KKday Singapore bags funding from holding co

Roku is getting serious about making TVs that look great

/ Roku Pro Mini LED TVs are coming this spring. And a new Roku Smart Picture mode will adjust your settings automatically — because 90 percent of people never bother changing anything. By Chris Welch, a reviewer specializing in personal audio and home theater. Since 2011, he has published nearly 6,000 articles, from breaking news… Continue reading Roku is getting serious about making TVs that look great

China’s green energy firm Qiyuan enters unicorn club after $211m Series B roundQiyuan partners with companies like CATL, the world’s largest battery m…

Qiyuan Green Power, a green energy solutions provider affiliated with China’s state-owned electricity supplier State Power Investment Corporation (SPIC), has closed its Series B funding round at 1.5 billion yuan ($211.2 million) to reach the unicorn valuation of over $1 billion. Qiyuan – which counts China’s CATL, the world’s largest battery maker for electric vehicles… Continue reading China’s green energy firm Qiyuan enters unicorn club after $211m Series B roundQiyuan partners with companies like CATL, the world’s largest battery m…

Abu Dhabi’s IHC forms new holding company with assets exceeding $27b

Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday announced it had established 2PointZero, a holding company which will have more than 100 billion dirhams ($27 billion) in assets. 2PointZero’s portfolio will include alternative asset manager Lunate, which last month launched a $30 billion climate fund dubbed ALTÉRRA at COP28, in collaboration with global asset… Continue reading Abu Dhabi’s IHC forms new holding company with assets exceeding $27b

S Korea’s SK Hynix aims to raise $1b in dollar bond dealThe firm has appointed eight investment banks to work on the deal.

South Korea’s SK Hynix, the world’s second-biggest memory chipmaker, aims to raise up to $1 billion in a dollar bond deal, according to two sources with direct knowledge of the matter. SK Hynix did not have an immediate comment when contacted by Reuters. The firm has appointed eight investment banks to work on the deal… Continue reading S Korea’s SK Hynix aims to raise $1b in dollar bond dealThe firm has appointed eight investment banks to work on the deal.

India’s top court quashes pleas on further probe into Adani Group

The verdict signals there will not be increased regulatory or legal risk on the Adani group beyond the current SEBI investigation. Reflecting that view, shares of Adani companies were up between 1% and 7% after the ruling. The court, ruling on cases brought forward by public interest litigants, also said there was no need for… Continue reading India’s top court quashes pleas on further probe into Adani Group

China’s BYD to roll out multi-million-dollar dealer incentives

BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, according to two dealers with knowledge of the matter. The Chinese automaker will pay 666 yuan ($93.17) per car to the dealers if they have achieved… Continue reading China’s BYD to roll out multi-million-dollar dealer incentives

Malaysia’s Khazanah invests in SME financing platform Funding SocietiesFunding Societies aims to expand its Malaysia coverage to areas beyond Kuala Lu…

Malaysian sovereign wealth fund Khazanah Nasional has invested an undisclosed amount in Southeast Asian digital lending platform Funding Societies. In a joint statement on Wednesday, Khazanah said the investment will help it broaden financial access to businesses, especially micro, small and medium enterprises (MSMEs) currently unserved by financial institutions. Malaysian fintech company CGC Digital Sdn… Continue reading Malaysia’s Khazanah invests in SME financing platform Funding SocietiesFunding Societies aims to expand its Malaysia coverage to areas beyond Kuala Lu…

People Digest: BYJU’s group general counsel quits; CEOs of Indus OS, KnowledgeHut step down

BYJU’s group general counsel Roshan Thomas has resigned from his position, while the CEOs of upGrad-owned edtech Knowledgehut, and PhonePe-owned app recommendations platform Indus OS have stepped down. BYJU’s group general counsel Roshan Thomas has resigned from his position after a two-and-a-half-year stint at the Indian edtech firm, according to a LinkedIn post. The exit… Continue reading People Digest: BYJU’s group general counsel quits; CEOs of Indus OS, KnowledgeHut step down