South Korea’s Krafton Inc, a company backed by China’s Tencent said on Friday that it has received approval from Indian authorities to resume its popular battle-royale format game in the country after being banned for nearly a year. The government had in July blocked Krafton’s title Battlegrounds Mobile India (BGMI), citing concerns about its data-sharing… Continue reading India lifts ban on Krafton’s battle-royale game after a yearBattlegrounds Mobile India had more than 100 million users in India at the time of removal…
Category: Tech News
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China weighs transferring in bad debt managers to sovereign fund
China is considering transferring government ownership in the country’s biggest bad debt managers to a unit of its sovereign wealth fund, Bloomberg News reported on Friday. Under the proposal, the Ministry of Finance will move its stakes in China Cinda Asset Management Co, China Great Wall Asset Management and China Orient Asset Management to Central… Continue reading China weighs transferring in bad debt managers to sovereign fund
China’s Horizon Construction set to price shares at bottom of IPO range
Shanghai-based Horizon Construction Development Ltd plans to price its IPO shares at the bottom of their marketed range, according to two sources with direct knowledge of the matter. The provider of construction services will raise HK$1.65 billion ($210.2 million), pricing the offering at HK$4.52 per share. The company had sought as much to HK$4.80 per… Continue reading China’s Horizon Construction set to price shares at bottom of IPO range
New Energy firm Qingdian Group’s photovoltaic arm raises over $213m
New energy firm Qingdian Group’s photovoltaic arm Qingdian Guangfu Keji has bagged 1.5 billion yuan ($213.1 million) in a Series A funding round led by state-affiliated investors Hefei Industry Investment Group, and Beijing Energy Holding. Local venture capital firms including Broad River Capital and Shenzhen DG Capital Management joined the round, alongside Shanghai-listed Sany Renewable… Continue reading New Energy firm Qingdian Group’s photovoltaic arm raises over $213m
US-based Forrester Research to close China office
U.S. tech research and advisory firm Forrester Research has decided to close its office in mainland China after the country’s government increased scrutiny on western consultancies. A company spokesperson said on Thursday the closure was part of a broader global restructuring plan, with the majority in the U.S., driven by an unsteady economy. Overseas business… Continue reading US-based Forrester Research to close China office
Cleantechnica: Tesla Cybertruck Tool Rack Spotted at Lithium Groundbreaking 002763
Tesla recently held a groundbreaking ceremony for its new lithium refinery in Texas, during which CEO Elon Musk rolled up in a fully-outfitted Cybertruck. Due out this year, Musk’s version of the futuristic truck included a sporty new tool rack on the back, as spotted for the first time at the event. Above: A look… Continue reading Cleantechnica: Tesla Cybertruck Tool Rack Spotted at Lithium Groundbreaking 002763
Cleantechnica: Tesla Model Y To Be Best-Selling Car In The World In 2023?002762
Several years ago, before the first Tesla Model Y got into customer hands, I argued that the electric crossover could become the best selling car in the world. It appears that we’re now on the precipice of that happening. The argument was simple: The Tesla Model 3 had shattered records for its reservation tally —… Continue reading Cleantechnica: Tesla Model Y To Be Best-Selling Car In The World In 2023?002762
NYC Appears to Be Sinking Because Its Skyscrapers Are So Heavy
Awesome, that’s exactly what New York needs. Sinking Feeling Bad news for New Yorkers: the Big Apple appears to be sinking a little deeper into the Earth each year, under the unfathomable weight of its iconic skyscrapers. A new study published in the journal Earth’s Future finds that the geological process of subsidence, in which sediments… Continue reading NYC Appears to Be Sinking Because Its Skyscrapers Are So Heavy
Health Insurance Sends Letter to Baby Denying Coverage: “You Are Drinking From a Bottle”
Image by Getty / Futurism Health insurance providers, it seems, are as cruel as ever, as evidenced by a letter sent to a newborn’s family denying the infant coverage for neonatal care in an intensive care unit (ICU). In an editorial for the Washington Post, Kaiser Family Foundation senior contributing editor Elizabeth Rosenthal described the problem… Continue reading Health Insurance Sends Letter to Baby Denying Coverage: “You Are Drinking From a Bottle”
TikTok creators sue Montana over statewide ban of the app
The lawsuit claims the Montana law is unconstitutional. One day after Montana Governor signed the first statewide ban on TikTok into law, the measure is already facing a legal challenge. Five TikTok creators are suing in an effort to block the ban from taking effect. In court filings, lawyers representing the TikTok creators say the… Continue reading TikTok creators sue Montana over statewide ban of the app