Category: Tech News

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Genesis Electrified G80 review: an unconventional cruise missile

The latest EV from Genesis mixes calm performance with stately manners and stunning style Genesis is on a roll of late. With an increasing percentage of its upcoming portfolio driven by electric powertrains, the quirky Korean luxury brand looks set to just keep expanding its presence in a luxury segment that’s too long been dominated… Continue reading Genesis Electrified G80 review: an unconventional cruise missile

S Korea’s Hyundai Motor, SK On to build $1.9b JV battery plant in USHyundai Motor and SK On are expected to sign an MoU on the investment next week.

South Korea’s Hyundai Motor Co and SK On plan to invest about 2.5 trillion won ($1.88 billion) to build a new joint venture battery factory in the United States, the Korea Economic Newspaper reported on Friday. Hyundai Motor and SK On, the battery unit of energy group SK Innovation Co Ltd. are expected to sign… Continue reading S Korea’s Hyundai Motor, SK On to build $1.9b JV battery plant in USHyundai Motor and SK On are expected to sign an MoU on the investment next week.

Thai Airways elevates CFO to new chief executive amid restructuring plan

Thai Airways International PCL said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb. 1, as it proceeds with a pandemic-driven restructuring plan. Chai, currently the firm’s chief financial officer, was chosen for the top job from 53 internal and external candidates, the company said in a statement. “The appointment is a… Continue reading Thai Airways elevates CFO to new chief executive amid restructuring plan

Hong Kong’s Xanpool notches $41m to increase global footprint

Xanpool, a cross-border payments infrastructure firm, has secured $41 million in a funding round led by London-based Target Global, a pan-European VC firm with over 3 billion euro ($3.1 billion) of assets under management.  Xanpool plans to leverage the proceeds to ramp up its expansion plans across Europe, the Middle-East, North Africa, and Latin America.… Continue reading Hong Kong’s Xanpool notches $41m to increase global footprint

Chinese chip industry player DJEL raises $140m in fresh fundingDJEL intends to use the net proceeds in new product R&D.

China’s Dongfang Jingyuan Electron Limited (DJEL), which offers solutions to enable chip manufacturing, has secured nearly 1 billion yuan ($139.6 million) in equity financing as the firm leaves behind an IP dispute with Dutch lithography giant ASML just months earlier. In a statement late Thursday, Beijing-headquartered DJEL said that it raised the investment from existing… Continue reading Chinese chip industry player DJEL raises $140m in fresh fundingDJEL intends to use the net proceeds in new product R&D.

HealthKart raises over $65m funding from Temasek, A91 Partners

Indian healthcare platform HealthKart, owned by Tata 1mg, has raised over $65 million in a Series H funding round from Temasek Holdings and A91 Partners, according to a regulatory filing with the Registrar of Companies (RoC). Entrackr first reported the development. The round comes more than three years after HealthKart raised $25 million in a… Continue reading HealthKart raises over $65m funding from Temasek, A91 Partners

Rakuten Capital invests in SG Web3 startup DEA and other SE Asia deals

Rakuten Capital, the investment arm of Japanese giant Rakuten Group, has made a minority investment in Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment startup, according to an announcement. Financial details of the investment were not disclosed but it was part of the collaborative deal between DEA and Rakuten Group. DEA also partnered with… Continue reading Rakuten Capital invests in SG Web3 startup DEA and other SE Asia deals

SG-based GLP closes $755m for seventh China logistics income fund

GLP, a Singapore-based logistics real estate fund manager, has racked up RMB 5.4 billion ($755 million) in assets under management for its seventh China logistics income fund in less than three weeks after closing its precursor fund. GLP China Income Fund VII is seeded with 13 stabilised assets in China’s logistics hub across Shanghai, Qingdao,… Continue reading SG-based GLP closes $755m for seventh China logistics income fund

Chinese nickel firm Lygend to raise $470m in Hong Kong IPO

Chinese nickel producer and trader Lygend Resources has priced shares at HK$15.80 apiece to raise $470m in its Hong Kong initial public offering (IPO), according to two people with direct knowledge of the matter. The Ningbo-based firm sold 232.54 million shares in the IPO, the fourth largest in Hong Kong so far in 2022. The… Continue reading Chinese nickel firm Lygend to raise $470m in Hong Kong IPO