The US Securities and Exchange Commission has filed a lawsuit against two former MoviePass executives. In a federal complaint seen by Bloomberg, the agency accused Theodore Farnsworth and Mitch Lowe on Monday of misleading investors about the viability of the company’s $9.95 per month business model. Farnsworth was the chief executive officer of Helios and… Continue reading SEC sues former MoviePass executives for fraud
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‘Overwatch 2’ moderation tools include voice chat transcriptions and SMS verification
Overwatch 2 is set to go live and free-to-play on October 4th, and in preparation for the big day, Blizzard has outlined a suite of moderation tools aimed at curbing abusive and disruptive player behavior. The new system will require a phone number to be linked to every account, and will introduce audio transcriptions of… Continue reading ‘Overwatch 2’ moderation tools include voice chat transcriptions and SMS verification
Nissan Ariya EV will start at $43,190
After years of hype, Nissan is finally close to releasing its first electric crossover. Autoblog notes the brand has confirmed the Ariya EV will reach US dealerships in late fall starting at $43,190 for the front-wheel drive Engage trim with a 63kWh battery. Only FWD configurations will ship at first, with some all-wheel drive editions… Continue reading Nissan Ariya EV will start at $43,190
Intel’s mid-range Arc A770 GPU arrives October 12th for $329
Intel’s long-promised desktop GPUs are finally close to reaching gamers worldwide. As part of its flurry of announcements, Intel has confirmed the Arc A770 GPU will be available in a range of models on October 12th starting at $329. As the price suggests, this is aimed squarely at the GeForce RTX 3060, Radeon RX 6650… Continue reading Intel’s mid-range Arc A770 GPU arrives October 12th for $329
Japan’s Mitsui invests $10m in US-based supply chain tech firm FourKitesMitsui is planning to invest significant resources to expand FourKites’s cover…
Japanese trading and investment company Mitsui & Co has invested $10 million in US-based supply chain visibility company FourKites, according to an announcement. The investment will help further expand FourKites’s supply chain visibility network in the APAC region and ease ongoing supply chain challenges in the region. The investment is part of an ongoing strategic… Continue reading Japan’s Mitsui invests $10m in US-based supply chain tech firm FourKitesMitsui is planning to invest significant resources to expand FourKites’s cover…
Blackstone reaps $7.8b for third Asia real estate fund
The world’s largest private equity investor, Blackstone, has scored over $7.8 billion in the third instalment of its opportunistic real estate fund series, per a filing on the SEC website. The fund juggernaut has now achieved over 86% of its $9-billion target for the Blackstone Real Estate Partners Asia III (BREP ASIA III) fund despite… Continue reading Blackstone reaps $7.8b for third Asia real estate fund
ESR, LOGOS reach $250m first close of co-branded logistics vehicle
ESR Group and its logistics subsidiary LOGOS have held an anchor close of the Hong Kong-based real asset manager’s new co-branded Pan Asia Core+ Venture (PACV), garnering $250 million in equity commitments. The initial close was raised from German pension fund Nordrheinische Ärzteversorgung and a large US State pension fund, ESR said in a statement.… Continue reading ESR, LOGOS reach $250m first close of co-branded logistics vehicle
Chinese cleantech fund InnoVision Capital aims to close $250m Fund 3 by Q1 2023InnoVision may also opportunistically deploy in SE Asia and India with …
Beijing-based cleantech fund InnoVision Capital is aiming to close its $250 million third USD vehicle by the first quarter of 2023, said a senior executive at the firm. InnoVision reached its first close at $90 million by the end of 2021, raising from a range of limited partners (LPs) including institutions like China’s CICC. It… Continue reading Chinese cleantech fund InnoVision Capital aims to close $250m Fund 3 by Q1 2023InnoVision may also opportunistically deploy in SE Asia and India with …
Chinese financial groups move into Hong Kong office market
Chinese financial groups are moving into the Hong Kong office market as an exodus among foreign organizations drives vacancy rates to record highs. Banks, investment managers and insurers have boosted their footprint in the Central business district by just under 200,000 square feet (18,580 square meters) over the past three years, largely fueled by mainland… Continue reading Chinese financial groups move into Hong Kong office market
Cash-strapped retailer Gome struggles to pay staff, plans debt restructuring
Money-losing Chinese appliances retailer Gome Retail Holdings Ltd. is struggling to pay staff and is planning to restructure its debt as its short-term borrowings pile up, sources with knowledge of the issue told Caixin. A number of Gome employees said they weren’t paid their salaries last month and that the company has delayed paying out first-half bonuses.… Continue reading Cash-strapped retailer Gome struggles to pay staff, plans debt restructuring