Swiss private markets firm Partners Group is set to focus on the B2B technology segment in Southeast Asia over the next few years even though there are currently few buyout opportunities in this space here. “The SaaS industry in Asia is still being built, and in many categories, the leaders are at just $20-50 million… Continue reading The future of B2B tech in Southeast Asia is very bright, says Partners GroupPE firm bullish on SaaS in the region despite few buyout opportunities
Category: Tech News
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Indonesian e-commerce firm Blibli aims for $2b valuation in domestic IPO
PT Global Digital Niaga, the parent company of Indonesian e-commerce firm Blibli and online travel agency Tiket.com, is planning an initial public offering (IPO) on the local bourse targeting a valuation of 33.4-42.4 trillion rupiah ($2.21-2.79 billion), according to a document reviewed by DealStreetAsia. This valuation is a significant markdown from the $4 billion that… Continue reading Indonesian e-commerce firm Blibli aims for $2b valuation in domestic IPO
As climate change worsens, implementing ESG is non-negotiable for startups
Even as the impact of climate change becomes increasingly apparent across the globe, investment in climate tech is also gaining pace. A number of VC funds and major corporations are pouring money into companies to develop solutions that help solve environmental problems. Southeast Asia, in particular, has received great attention considering it is among the… Continue reading As climate change worsens, implementing ESG is non-negotiable for startups
Japan’s SoftBank adjusts its vision, rethinks strategy with each fund
A high-profile $800 million investment led by SoftBank Group propelled U.K. online payments company Revolut to a $33 billion valuation last year, making it one of the most valuable private fintech companies in the world. Yet barely a year later, Revolut suffered a significant setback. The Japanese government in September hit its local unit with… Continue reading Japan’s SoftBank adjusts its vision, rethinks strategy with each fund
Dutch FMO proposes $10m investment in Sri Lanka’s Taprobane Seafoods
Dutch impact investor FMO has proposed an investment of $10 million in Taprobane Seafoods Ltd (TSF), one of Sri Lanka’s leading seafood export companies, according to a disclosure. Established in 2010, TSF has one main process facility and 14 mini-processing facilities with over 2,000 employees, predominantly underprivileged women including war widows. Its facilities are located in… Continue reading Dutch FMO proposes $10m investment in Sri Lanka’s Taprobane Seafoods
Tesla Semi production begins with Pepsi getting the first deliveries
Tesla CEO Elon Musk tweeted Thursday that production on its long-delayed all-electric semi truck has started with the first deliveries beginning in December. The automaker introduced an all-electric Class 8 truck prototype, dubbed Tesla Semi, during a splashy November 2017 event held in Hawthorne, California, on the grounds of the company’s design studio and Musk’s… Continue reading Tesla Semi production begins with Pepsi getting the first deliveries
Tesla’s first Semi trucks will be delivered to Pepsi in December
/ Tesla first revealed the truck five years ago, and now it’s finally being delivered. Pepsi publicly preordered 100 of the trucks in 2017. The Semi Truck is finally entering production.Image: Tesla Tesla has started production on its long-awaited Semi truck, and plans to start delivering it to Pepsi by December 1st, according to a… Continue reading Tesla’s first Semi trucks will be delivered to Pepsi in December
How the Pixel, Apple, and Galaxy watches compare on paper
/ Google announced its new wearable today — how does it stack up to its more established competitors? Breaking down the features and capabilities of the Pixel, Apple, and Galaxy Watches.Photo by Vjeran Pavic / The Verge Google has announced the Pixel Watch, its first flagship wearable. While it has a clean circular design, the… Continue reading How the Pixel, Apple, and Galaxy watches compare on paper
Michigan is becoming the center of US battery manufacturing
Michigan, long the automotive manufacturing capital of the United States, is now getting pumped with investment both publicly and privately to build out a series of battery manufacturing plants that will power the wave of electric vehicles coming to market. The demand for domestically produced batteries has reached new peaks after the passage of the… Continue reading Michigan is becoming the center of US battery manufacturing
Honda unveils the Prologue, its first electric SUV
Honda has unveiled the design of the Prologue, its first electric SUV and a vehicle codeveloped with General Motors. Like most of its Japanese peers in the auto industry, Honda has been a laggard when it comes to all-electric vehicles. The automaker focused too much on hydrogen fuel cells and hybrids, which resulted in a… Continue reading Honda unveils the Prologue, its first electric SUV