Category: Tech News

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Japan’s Rakuten plans to raise around $2.2b via new share sale

Japan’s Rakuten Group Inc is finalising plans to raise about $2.2 billion by issuing new shares, according to two people, in the e-commerce company’s latest move to shore up its finances after years of losses from its mobile business. Rakuten’s board could meet as early as this week to decide on the capital raising, according… Continue reading Japan’s Rakuten plans to raise around $2.2b via new share sale

Asia Digest: NZ-based Movac closes Tech Fund 6 at $125m; Japan’s-Dimension closes Fund II at $75m

New Zealand-based VC firm Movac has closed its sixth technology fund at $125 million, while Japan-based Dimension has closed its second fund at $75 million, reported AVCJ. NZ wealth fund leads Movac’s fund close New Zealand-based VC firm Movac has closed its sixth technology fund at $125 million, according to AVCJ. New Zealand’s sovereign wealth… Continue reading Asia Digest: NZ-based Movac closes Tech Fund 6 at $125m; Japan’s-Dimension closes Fund II at $75m

Vantage Point: Grab, Sea results this week to show if big tech has recovered from epic crashSea Ltd clocked a net profit of $422.8m in Q4 2022. Can it…

This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You… Continue reading Vantage Point: Grab, Sea results this week to show if big tech has recovered from epic crashSea Ltd clocked a net profit of $422.8m in Q4 2022. Can it…

Cleantechnica: 4 Tips for Modding Your Tesla Model Y 002757

At the recent Tesla Owners Club Easter Egg hunt, we all got to ogle Brent’s modded out Tesla Model Y. He has certainly made the vehicle a great advertisement both for Tesla, and for his business. The car has been wrapped in the Iced Blue Titanium Matte option, the color that Brent uses for his… Continue reading Cleantechnica: 4 Tips for Modding Your Tesla Model Y 002757

Apple’s ‘M3 Pro’ chipset could feature 12 CPU cores

The first M3 chips will reportedly arrive later this year. Apple is testing an M3 chipset with a 12-core processor and 18-core GPU, according to Bloomberg’s Mark Gurman. In his latest Power On newsletter, Gurman reports a source sent him App Store developer logs that show the chip running on an unannounced MacBook Pro with… Continue reading Apple’s ‘M3 Pro’ chipset could feature 12 CPU cores

Pixel users report the Google app is making their phones overheat

Rolling back to an older version of the software doesn’t seem to help. If a Pixel phone is your daily driver, you may want to keep a charger nearby. An Engadget reader contacted us on Sunday to report that their Pixel 6 Pro has recently been overheating and excessively draining its battery. They suspect the… Continue reading Pixel users report the Google app is making their phones overheat

Sports-tech startup AYO Indonesia scores seed funding from Alpha Momentum, othersAlpha Momentum was AYO Indonesia’s early backer in 2020.

Even as funding for fintech and e-commerce startups in Indonesia has been slowing down amid a prolonged tech winter, PT Ayo Indonesia Maju, a sports-tech startup known as AYO Indonesia, has bagged an undisclosed seed funding from venture capital firm Alpha Momentum Indonesia and other investors. The round was also joined by the country’s badminton… Continue reading Sports-tech startup AYO Indonesia scores seed funding from Alpha Momentum, othersAlpha Momentum was AYO Indonesia’s early backer in 2020.

Australia’s InvoCare gets higher $1.3b offer from TPG Global

Australia’s InvoCare Ltd said on Monday it had received a higher A$1.86 billion ($1.26 billion) offer from TPG Global, weeks after the private equity firm revoked its A$1.81 billion pursuit for the funeral services provider. TPG’s revised all-cash offer of A$13.00 per share represents a 17.2% premium to InvoCare’s last closing price. Last month, TPG… Continue reading Australia’s InvoCare gets higher $1.3b offer from TPG Global

SG’s Aquilius Partners carves a niche with $400m real estate secondaries fund

The formation of Aquilius Investment Partners is taking place at a unique time in the Asia Pacific, said its founding partners Bastian Wolff and Christian Keiber.  While APAC has enjoyed years of capital inflow from the West, few dedicated players have emerged to meet the rising liquidity needs of investors in this market. A number… Continue reading SG’s Aquilius Partners carves a niche with $400m real estate secondaries fund