/ A warning to tourists and thieves AirBell discreetly hides an Apple AirTag tracker to keep tabs on your bicycle.Image: AirBell Riding a city bike comes with two certainties: thieves will target you and tourists will walk in your path. AirBell addresses both issues by discretely hiding one of Apple’s AirTag trackers inside a small… Continue reading This clever bicycle bell hides an Apple AirTag
Category: Tech News
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Amazon will invest €1 billion to electrify its delivery fleet in Europe
/ The retail giant wants to double the size of its electric delivery fleet on the continent in pursuit of a net-zero carbon footprint by 2040. Illustration by Alex Castro / The Verge Amazon will spend €1 billion over five years to electrify its delivery fleet in Europe, the retail giant announced. The money will… Continue reading Amazon will invest €1 billion to electrify its delivery fleet in Europe
Tesla doubles down on tribal land loophole to get around dumb direct-sale ban
Tesla has doubled down on its plan to build sales and service centers on tribal land as a loophole to get around New Mexico’s dumb direct-sale ban. New Mexico, like a few other states, still has laws prohibiting direct sales of electric vehicles to the public without going through third-party dealerships. These bans come from… Continue reading Tesla doubles down on tribal land loophole to get around dumb direct-sale ban
Investcorp said to buy into unit of Indonesia’s Kanmo GroupThe deal could mark Investcorp’s first transaction in Indonesia.
Bahrain-based alternatives firm Investcorp is said to be investing in a division of Indonesian retail giant Kanmo Group, the distributor of consumer brands including Nespresso, Mothercare, and Coach. DealStreetAsia has learnt that the firm is investing in Kanmo Group’s Kids and Babies business unit, which comprises the Mothercare; Early Learning Centre; The Entertainer; Gingersnaps; Justice;… Continue reading Investcorp said to buy into unit of Indonesia’s Kanmo GroupThe deal could mark Investcorp’s first transaction in Indonesia.
Warburg to buy majority stake in India’s non-banking finance firm Vistaar
Warburg Pincus on Monday said an affiliate of private equity funds managed by the New York-based firm will acquire a majority stake in India’s Vistaar Finance, which lends to small and medium businesses in the country. While Vistaar declined to disclose the terms of the agreement, a Reuters story in September said the deal would… Continue reading Warburg to buy majority stake in India’s non-banking finance firm Vistaar
Asia Digest: Founders Factory initiative; Binance bags Kazakh licence; Alipay out of Shanghai priority list
London-based startup accelerator Founders Factory is launching a venture-building initiative in Asia while Binance has secured a permanent licence in Kazakhstan. Also, Alipay has reportedly been removed from Shanghai’s high-tech company list. Founders Factory, Pico Group’s new venture-building initiative in Asia London-based startup accelerator Founders Factory and Pico Group have announced the launch of a … Continue reading Asia Digest: Founders Factory initiative; Binance bags Kazakh licence; Alipay out of Shanghai priority list
People Digest: Ex-GIC exec joins Yangzijiang Financial; TPG Capital Asia chairman retires
Singapore-incorporated investment management firm Yangzijiang Financial Holding Ltd has appointed ex-GIC executive Wu Menglin as the head of the group’s fund of funds business while TPG Capital Asia chairman Tim Dattels has retired after an 18-year stint. Ex-GIC vice president joins Yangzijiang Financial Singapore-incorporated Yangzijiang Financial Holding Ltd has appointed former GIC vice president Wu… Continue reading People Digest: Ex-GIC exec joins Yangzijiang Financial; TPG Capital Asia chairman retires
Shares of Alibaba, Tencent, other China tech giants sink after new US export rules
Shares in Chinese tech giants Alibaba Group and Tencent as well as chipmakers slumped on Monday, as investors were spooked by new US export control measures aimed at slowing Beijing’s technological and military advances. The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the… Continue reading Shares of Alibaba, Tencent, other China tech giants sink after new US export rules
After Optus data breach, Singtel’s second Australian unit faces cyber attack
Singapore Telecommunications Ltd said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at its other Australian unit Optus. The breach at Optus, Australia’s second-largest mobile operator, late last month compromised data of up to 10… Continue reading After Optus data breach, Singtel’s second Australian unit faces cyber attack
SoftBank Vision Fund 2 leads over $100m round in China’s dental 3D-printing firm SprintRayThe Series D round also attracted investors such as Yiheng C…
SoftBank Group Corp’s Vision Fund 2 has led a $100-million-plus funding round in SprintRay, a Chinese provider of dental-care solutions based on 3D printing, as the firm looks to expand its global operations beyond the US and Europe. SprintRay’s Series D round attracted participation from China-focused Yiheng Capital and ZWC Partners, a dual-currency venture capital… Continue reading SoftBank Vision Fund 2 leads over $100m round in China’s dental 3D-printing firm SprintRayThe Series D round also attracted investors such as Yiheng C…