/ The electric long-hauler was first announced in 2017, and was supposed to go into production in 2019, but was delayed by the COVID-19 pandemic and a global parts shortage. Screengrab: Tesla Five years after they were first revealed, the first Tesla Semi trucks were delivered to customers at an event at the company’s Gigafactory… Continue reading Tesla delivers first electric Semi trucks — three years late
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PE giant Blackstone hits redemption limit on $69b real estate vehicleThe redemption curbs, which came because of pre-set limits, fuelled investor conc…
Blackstone Inc limited withdrawals from its $69 billion real estate income trust (REIT) on Thursday after receiving too many redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs in redemptions came because they hit pre-set limits, rather than Blackstone setting the redemption limits on the day. Nonetheless, they fueled investor concerns about the… Continue reading PE giant Blackstone hits redemption limit on $69b real estate vehicleThe redemption curbs, which came because of pre-set limits, fuelled investor conc…
Singapore venture firm BEENEXT said to be raising one of its largest Asia funds
Aastha Maheshwari 02 December, 2022 Singapore-based venture capital firm BEENEXT is learnt to be raising one of its largest Asia-focused funds, as it prepares to write larger cheques for startups in India and Southeast Asia, according to persons aware of the development. The persons further said the fund could be targeting a corpus of around… Continue reading Singapore venture firm BEENEXT said to be raising one of its largest Asia funds
Contagion of FTX meltdown far from over, warn industry players
Even as crypto lender BlockFi has filed for Chapter 11 bankruptcy protection in the US; Hong Kong-based crypto exchange Atom Asset Exchange (AAX) is reportedly wiping out some of its social media presence; and crypto broker Genesis works overtime to avoid filing bankruptcy, industry players have warned that the market sentiment is “extremely bearish” and… Continue reading Contagion of FTX meltdown far from over, warn industry players
SE Asian tech giants take a leaf out of US peers’ book: 4 things you should know
As Southeast Asian tech companies brace for a tougher business environment, they are borrowing from the US industry’s latest playbook: mass layoffs. The region’s largest platforms, like Indonesia’s GoTo and Singapore’s Sea, have reduced their total workforces by as much as 10% this year, with some signaling even further reductions. Go to Source
Thai retailer CJ Express mulls up to $800m IPO in Bangkok, per report
Thai retailer CJ Express Group Co is looking at a possible initial public offering (IPO) in Bangkok to raise $500-800 million, according to a Bloomberg report. Sources interviewed in the report said the Thai supermarket company is working with advisers on an IPO that could take place as soon as next year. The size and… Continue reading Thai retailer CJ Express mulls up to $800m IPO in Bangkok, per report
Boundary Layer pivots from container ships to hydrofoiling personal watercraft
Boundary Layer, which was gunning for local air freight, and announced a slew of launch partners earlier this year, today announced a shift in strategy, with some high-performance foiling personal watercraft. Think low-flying SeaDoo, and you’ve got the right idea. The new product is called Valo, and will be able to carry a couple of… Continue reading Boundary Layer pivots from container ships to hydrofoiling personal watercraft
Hyundai-backed AV startup Motional cuts workforce
Motional, the Aptiv-Hyundai joint venture developing autonomous vehicle technology, cut its workforce this week — the latest example of layoffs in the AV industry and more broadly in the tech sector. Employees were told of the layoffs Wednesday, according to sources who asked not to be named because they are not authorized to speak for… Continue reading Hyundai-backed AV startup Motional cuts workforce
Tesla offers $3,750 discount for Model 3, Model Y deliveries in December
Tesla is offering Model 3 and Model Y buyers in the U.S. a $3,750 credit if they have their vehicle delivered in December 2022, according to an update on the company’s inventory page and several posts on Reddit. Tesla didn’t share the reason for such generosity or publish the news widely — customers received the… Continue reading Tesla offers $3,750 discount for Model 3, Model Y deliveries in December
Eufy’s Dual doorbell proves two eyes on your porch are better than one
Innovations in video doorbells are coming hot and fast. Each new product touts a “better” way to keep an eye on that precious piece of property — your front porch. With everything from dog food to diapers, smartphones to sushi being dropped at our doorsteps, keeping an eye on that precious cargo is a top… Continue reading Eufy’s Dual doorbell proves two eyes on your porch are better than one