Meta’s quarterly revenue dipped for the first time ever in the second quarter. It’s looking to make those numbers go back up and keep smiles on investors’ faces. One of the strategies it’s employing to do that is by attempting to squeeze more money out of Instagram. As such, it will shove ads into more… Continue reading Instagram will shove ads into more parts of the app
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Mastercard wants to make crypto purchases less risky
Crypto is still loaded with uncertainty, but Mastercard is betting that it can assuage buyers’ minds. The credit card giant has introduced a Crypto Secure service meant to boost trust in crypto purchases. The offering uses AI from CipherTrace (a blockchain security firm Mastercard bought in 2021) to create a “risk profile” for digital asset… Continue reading Mastercard wants to make crypto purchases less risky
Twitter confirms it intends to close deal with Elon Musk
Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” The agreement follows months of legal drama after Musk tried to… Continue reading Twitter confirms it intends to close deal with Elon Musk
This biomechanical art installation gets stabby to the beat of a rhododendron’s electrical noise
Kinetic installation artist David Bowen has given a rhododendron a really big knife, the power to use it, and therefore, a degree of agency not enjoyed by the kingdom Plantae since the Cambrian era. His latest piece, Plant Machete, melds a woody shrub with an industrial robot arm and slaps a machete to the business… Continue reading This biomechanical art installation gets stabby to the beat of a rhododendron’s electrical noise
China’s Alwin Capital closes new dual-currency fund at $281m to invest in life sciencesThe firm is focused on R&D, medical devices, molecular diagnost…
China’s Alwin Capital has closed an oversubscribed dual-currency fund at over 2 billion yuan ($281.1 million) to raise its stakes in the life sciences industry. The new fund secured capital commitments from a wide range of limited partners including large-scale funds of funds (FOFs), government-guided funds, healthcare corporates, insurers, commercial banks, and other financial institutions,… Continue reading China’s Alwin Capital closes new dual-currency fund at $281m to invest in life sciencesThe firm is focused on R&D, medical devices, molecular diagnost…
Big opportunity to localise models from China & India to SE Asia: Warburg Pincus
US private equity major Warburg Pincus sees sizeable opportunities in Southeast Asia, as it looks to replicate its success in markets such as China and India. “Not everything can correlate between markets, but there is a bigger opportunity for a good portion of those investments in Southeast Asia,” Jeffrey Perlman, managing director and head of… Continue reading Big opportunity to localise models from China & India to SE Asia: Warburg Pincus
PE exits via IPOs have dried up, but secondary opportunities exist: True North’s Satish Chander
Even as initial public offerings (IPOs) as an exit opportunity are drying up in India, exits via the secondary sale route are still possible, said homegrown private equity firm True North’s partner Satish Chander in a virtual session at DealStreetAsia’s Asia PE-VC Summit 2022. “There’s just one form of exit that has dried up, which… Continue reading PE exits via IPOs have dried up, but secondary opportunities exist: True North’s Satish Chander
Impact focus can create greater value for enterprises and their investors
Global impact investing, estimated to be valued at $715 billion, is on an upward trend as more and more private equity and venture capital firms commit to backing companies that can deliver positive social impact in addition to promising business models. Impact investing often gets mixed up with ESG [environment, social, and government] principles. Both… Continue reading Impact focus can create greater value for enterprises and their investors
Asia-focused SPAC Aquaron Acquisition raises $50m in US IPO
Aquaron Acquisition, a special purpose acquisition company (SPAC) that targets the new energy sector in Asia, has raised $50 million in its initial public offering (IPO) in the US, its recent filings showed. The blank cheque company, led by CEO and chairman Yi Zhou, offered 5 million shares at $10 each, with each share consisting… Continue reading Asia-focused SPAC Aquaron Acquisition raises $50m in US IPO
Tesla is now building Model 3 and Model Y vehicles without ultrasonic sensors
Tesla is removing ultrasonic sensors from Model 3 and Model Y vehicles, the next step in CEO Elon Musk’s plan to only use cameras and software to support its advanced driver assistance system and other active safety features. Starting this month, all Model 3 and Model Y vehicles built for North America, Europe, the Middle… Continue reading Tesla is now building Model 3 and Model Y vehicles without ultrasonic sensors