Indonesian technology giant GoTo’s stock price continued its downhill journey despite the company reiterating its focus on growth and profitability at a public conference on Thursday. According to Indonesian Stock Exchange (IDX) data, GoTo’s stock closed at 100 rupiah apiece on Thursday, down 6.54% from 107 rupiah apiece on Wednesday. The stock has been on… Continue reading GoTo harps on growth, profitability but fails to talk up stock
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Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
The valuation of Australian e-commerce tech startup Rokt has risen to $2.4 billion following a secondary funding round led by investment firm Square Peg and asset manager Wellington, it said in a press release. Rokt will deploy the fresh funds for its growth initiatives as it considers plans to take the company public. The latest… Continue reading Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
FTSE Russell, Ping An jointly launch China ESG indicesThe strategic partnership comes as global investors increasingly grow ESG-conscious.
Global index publisher FTSE Russell and Chinese financial conglomerate Ping An announced a partnership on Thursday to promote sustainable investment, launching a series of China indexes integrating environmental, social and government (ESG) considerations. The strategic partnership comes as global investors grow increasingly ESG-conscious, and Beijing accelerates a green push to help meet the government’s carbon neutrality pledge by 2060. The FTSE Ping An China ESG Index Series, which combines Ping An’s China-specific ESG approach into FTSE Russell‘s China indexes, shows… Continue reading FTSE Russell, Ping An jointly launch China ESG indicesThe strategic partnership comes as global investors increasingly grow ESG-conscious.
Asia Digest: FinAccel welcomes Slack’s Allen Shim; Australia’s Avarni raises $3m; Blackstone eyes KKR’s Australian Venue
Former Slack CFO Allen Shim recently joined FinAccel’s board of directors. Meanwhile, carbon management startup Avarni raised $3 million, while US private equity giant Blackstone is reportedly showing interest in KKR’s pubs business. Allen Shim joins FinAccel FinAccel, the parent company of Kredivo, announced on Thursday that former Slack CFO Allen Shim has joined its… Continue reading Asia Digest: FinAccel welcomes Slack’s Allen Shim; Australia’s Avarni raises $3m; Blackstone eyes KKR’s Australian Venue
Bankruptcy judge orders Celsius to return crypto assets to some customers
A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. U.S. Bankruptcy Judge Martin Glenn is weighing broader questions of who owns crypto assets that were deposited with Celsius. His ruling Wednesday was limited to customers who had non-interest bearing custody accounts, whose funds were not commingled with other Celsius assets, and… Continue reading Bankruptcy judge orders Celsius to return crypto assets to some customers
FTX founder Sam Bankman-Fried may face US probe for market manipulation
US federal prosecutors are investigating whether FTX‘s founder Sam Bankman–Fried manipulated the market for two cryptocurrencies this May that led to their collapse and resulted in the implosion of his own cryptocurrency exchange, the New York Times reported on Wednesday. The prosecutors are looking into whether Bankman–Fried controlled the prices of two interlinked currencies, TerraUsd and Luna, to benefit the entities he controlled including FTX and Alameda Research, the report said. The… Continue reading FTX founder Sam Bankman-Fried may face US probe for market manipulation
Thursday’s top tech news: Another Theranos exec sentenced to over a decade in prison
Former Theranos President Sunny Balwani was sentenced to almost 13 years in prison.Image: Getty After Theranos founder Elizabeth Holmes was sentenced to almost 11 years in prison last month, yesterday it was the turn of her business partner Ramesh “Sunny” Balwani. The former COO and president of Theranos was handed a sentence of just under… Continue reading Thursday’s top tech news: Another Theranos exec sentenced to over a decade in prison
Porsche, World Fund join $63M bet on batteries for electric planes
To help electric planes take off, German battery company Customcells says it landed about $63 million (€60 million) in Series A funding from Porsche and several climate-tech investors. World Fund, a one-year-old venture firm that backs European climate startups, led the deal. Abacon Capital and Vsquared Ventures also chipped in. Customcells develops and recycles high-performance… Continue reading Porsche, World Fund join $63M bet on batteries for electric planes
Google combines Maps and Waze teams as pressures mount to cut costs
Google plans to combine the teams working on its Maps product and on Waze, a mapping service that Google acquired in 2013. The merger comes as the search engine giant feels the pressure to cut costs and consolidate operations, reports The Wall Street Journal. Waze’s team of 500 employees will fall under Google’s Geo organization,… Continue reading Google combines Maps and Waze teams as pressures mount to cut costs
Twitter is reportedly raising Blue subscription’s pricing on iOS to $11
When Twitter’s Blue subscription comes back, it may cost a lot more than before if you purchase it straight from the app. According to The Information, the company informed some employees that it’s going to charge users $11 for Blue subscription if they pay through its iOS application. But if they pay through the web,… Continue reading Twitter is reportedly raising Blue subscription’s pricing on iOS to $11