China’s securities regulator has given the greenlight to the country’s first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co said, amid an escalating Sino-U.S. tech war. The China Securities Regulatory Commission’s approval comes amid heightened geopolitical tensions between the world’s two largest economies. The Biden administration published a sweeping set of export controls on Friday, seeking to hobble China’s chip industry.… Continue reading Chinese regulator gives nod to mutual fund targeting Korean chipmakersThis comes amid heightened geopolitical tensions between the world’s two largest…
Category: Tech News
Category Added in a WPeMatico Campaign
Philippine tycoon puts off $474m Prime Infrastructure IPO on bearish market
Philippine tycoon Enrique Razon has delayed to the middle of next year plans to launch an up to 28 billion pesos ($474 million) listing for his infrastructure and energy holding firm because of a market downturn, its underwriter said on Monday. The initial public offering (IPO) of Prime Infrastructure Capital Inc, originally set for October, could have been the Philippines’ largest this year. “We will wait… Continue reading Philippine tycoon puts off $474m Prime Infrastructure IPO on bearish market
Singapore’s OCBC appoints audit head Goh Chin Yee as new group CFO
Singapore‘s second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) said on Monday it had appointed its current head of group audit Goh Chin Yee as the new group chief financial officer. Goh will replace Darren Tan, who opted for an early retirement after more than a decade in the job, the bank said. Tan assumed the role of bank‘s CFO in 2011, and oversaw the acquisition of Wing Hang Bank in Hong Kong, which marked a… Continue reading Singapore’s OCBC appoints audit head Goh Chin Yee as new group CFO
India: Motilal Oswal Alternates picks up stake worth $28m in Asian Footwear
India-focused fund manager Motilal Oswal Alternates (MO Alts) has invested Rs 225 crore ($28 million) for a significant minority stake in traditional, family-owned shoe-manufacturing company Asian Footwear as the latter looks to expand its business across the country. The Delhi-based company was earlier in talks with India’s home-grown private equity player Multiples Asset Management (Multiples PE)… Continue reading India: Motilal Oswal Alternates picks up stake worth $28m in Asian Footwear
More micromobility layoffs, digging into the Mobileye S-1 and a Rivian recall
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading More micromobility layoffs, digging into the Mobileye S-1 and a Rivian recall
This clever bicycle bell hides an Apple AirTag
/ A warning to tourists and thieves AirBell discreetly hides an Apple AirTag tracker to keep tabs on your bicycle.Image: AirBell Riding a city bike comes with two certainties: thieves will target you and tourists will walk in your path. AirBell addresses both issues by discretely hiding one of Apple’s AirTag trackers inside a small… Continue reading This clever bicycle bell hides an Apple AirTag
Amazon will invest €1 billion to electrify its delivery fleet in Europe
/ The retail giant wants to double the size of its electric delivery fleet on the continent in pursuit of a net-zero carbon footprint by 2040. Illustration by Alex Castro / The Verge Amazon will spend €1 billion over five years to electrify its delivery fleet in Europe, the retail giant announced. The money will… Continue reading Amazon will invest €1 billion to electrify its delivery fleet in Europe
Tesla doubles down on tribal land loophole to get around dumb direct-sale ban
Tesla has doubled down on its plan to build sales and service centers on tribal land as a loophole to get around New Mexico’s dumb direct-sale ban. New Mexico, like a few other states, still has laws prohibiting direct sales of electric vehicles to the public without going through third-party dealerships. These bans come from… Continue reading Tesla doubles down on tribal land loophole to get around dumb direct-sale ban
Investcorp said to buy into unit of Indonesia’s Kanmo GroupThe deal could mark Investcorp’s first transaction in Indonesia.
Bahrain-based alternatives firm Investcorp is said to be investing in a division of Indonesian retail giant Kanmo Group, the distributor of consumer brands including Nespresso, Mothercare, and Coach. DealStreetAsia has learnt that the firm is investing in Kanmo Group’s Kids and Babies business unit, which comprises the Mothercare; Early Learning Centre; The Entertainer; Gingersnaps; Justice;… Continue reading Investcorp said to buy into unit of Indonesia’s Kanmo GroupThe deal could mark Investcorp’s first transaction in Indonesia.
Warburg to buy majority stake in India’s non-banking finance firm Vistaar
Warburg Pincus on Monday said an affiliate of private equity funds managed by the New York-based firm will acquire a majority stake in India’s Vistaar Finance, which lends to small and medium businesses in the country. While Vistaar declined to disclose the terms of the agreement, a Reuters story in September said the deal would… Continue reading Warburg to buy majority stake in India’s non-banking finance firm Vistaar