Category: Tech News

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Facebook Marketplace Is Being Ruined by Zelle Scammers

Some scams encourage people to upgrade their Zelle accounts to a business tier to receive money from a buyer, according to the Better Business Bureau, and come from emails mimicking Zelle, but with different domains. That upgrade appears to cost $300, and the buyer promises to send it if the seller will then refund it.… Continue reading Facebook Marketplace Is Being Ruined by Zelle Scammers

Ola Electric files to raise $662m in India IPO next yearThe listing will be the first by a two-wheeler maker in India since the IPO of Bajaj Auto in 2…

SoftBank Group-backed Indian e-scooter maker Ola Electric on Friday filed to raise at least 55 billion rupees ($661.9 million) in an initial public offering (IPO) that is tipped to be one of the country’s biggest share sales next year. The offering, which is the first by an EV maker in the country, will include an issue of… Continue reading Ola Electric files to raise $662m in India IPO next yearThe listing will be the first by a two-wheeler maker in India since the IPO of Bajaj Auto in 2…

Toshiba sees power chips as immediate growth driver in life after delistingToshiba plans to spend $176m to more than double power chip production.

Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as the Japanese industrial conglomerate was taken private. “We want to expand (production) capacity for power chips as quickly as possible,” Chief Executive Taro Shimada told a press conference… Continue reading Toshiba sees power chips as immediate growth driver in life after delistingToshiba plans to spend $176m to more than double power chip production.

SG’s Whampoa Group teams up with Korea’s Wemade to launch $100m Web3 fund

Whampoa Digital, the digital assets investment arm of Singapore-based multifamily office Whampoa Group, has teamed up with South Korean gaming firm Wemade to “collaborate” on a $100 million Web3 fund. The Wemade Web3 Fund plans to tap gaming projects in the Middle East region. It will be established by Wemade, while Whampoa Digital will serve… Continue reading SG’s Whampoa Group teams up with Korea’s Wemade to launch $100m Web3 fund

Blackstone to buy majority stake in Japan-based Sony Payment Services

Global asset manager Blackstone said it has agreed to acquire a majority stake in Sony Payment Services from Sony Bank, a wholly-owned subsidiary of Japan’s Sony Group. This marks Blackstone’s first investment in the financial technology sector in Japan, the firm said in a statement. Financial details of the transaction were not disclosed. Sony Bank… Continue reading Blackstone to buy majority stake in Japan-based Sony Payment Services

Viewpoint: 2023 was a year of challenges and learnings for India’s startup ecosystem

Sumangal Vinjamuri is AVP, Investments; and Sanjay Nath is Partner, Investments at Blume Ventures, an early-stage Indian venture capital firm. The year 2023 has been one of dichotomies for the Indian startup ecosystem. GlobalData reports that between Jan-Oct 2023, 920 deals were announced totalling $6.3 billion in funding in the Indian startup ecosystem. Contrast this… Continue reading Viewpoint: 2023 was a year of challenges and learnings for India’s startup ecosystem

Tesla launches megapack battery project in ShanghaiThe project is capable of producing 10,000 megapacks per annum.

Tesla on Friday launched its new megapack battery manufacturing project in Shanghai, according to Chinese state media. A signing ceremony for land acquisition of the project, capable of producing 10,000 megapacks per annum, was held on Friday morning in Shanghai, the official Xinhua News Agency reported. Reuters Go to Source

Singapore’s ComfortDelGro to acquire Australian taxi operator A2B for $123m

SGX-listed transportation firm ComfortDelGro Corporation has offered to acquire A2B Australia Limited, a listed taxi network and payments solutions provider, for A$182 million (about $123 million), according to a filing with the Singapore bourse. ComfortDelGro Corporation Australia, a wholly-owned subsidiary of ComfortDelGro, has agreed to acquire all the shares of A2B it does not already… Continue reading Singapore’s ComfortDelGro to acquire Australian taxi operator A2B for $123m

Sumitomo Life to buy TPG’s 35% stake in SG insurer Singlife at $3.5b valuation

Japan’s Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares in Singapore insurer Singlife held by private equity giant TPG, according to an announcement. Singlife said Sumitomo Life will also make an offer to buy the shares of all other remaining shareholders, giving the Japanese insurer 100% ownership of Singlife if the… Continue reading Sumitomo Life to buy TPG’s 35% stake in SG insurer Singlife at $3.5b valuation