Venture capital investment in China will likely recover gradually in 2023 after a year of battering by the country’s severe pandemic controls, a share market slump and China-U.S. tension, dealmakers and investors said. As COVID-19 restrictions come off, boosting the economy and maybe the share market, the number of deals should rise, they said. The… Continue reading China venture capital deals seen recovering from 3-year lows
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Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Singapore state-controlled port operator PSA International is considering selling its 20% stake in the port business of Hong Kong conglomerate CK Hutchison Holdings Ltd., according to people close to PSA’s controlling shareholder Temasek Holdings. PSA is reviewing its portfolio against the backdrop of geopolitical change and declining global trade demand, the sources said. The evaluation… Continue reading Singapore’s PSA mulls 20% stake sale in CK Hutchison’s port business
Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Even as deal activity has staggered globally, early-stage investor Blume Ventures, which has backed the likes of Dunzo and Unacademy, raised a whopping $250 million for its fourth India-dedicated fund, more than double the size of its previous fund. “India is all about strong fundamentals, which may have been mispriced or overpriced, but that doesn’t… Continue reading Blume Ventures’s Sanjay Nath expects India’s funding winter to end mid-2023
Why the SPAC route makes sense for Getaround
The SPAC route to listing on public markets was incredibly popular in 2020 and 2021, but many companies that took this avenue didn’t exactly fare well after going public. So why did consumer car rental marketplace Getaround decide to list by merging with a blank-check company? To answer that question, we need to take a… Continue reading Why the SPAC route makes sense for Getaround
Tesla launches wildly overpriced solid-state drive for video games and Sentry Mode
Tesla is launching a new wildly overpriced solid-state hard drive to hold video games and Sentry Mode videos. When we talk about storage inside vehicles, we generally talk about trunk space, but in this case, we are talking about digital storage space. Why would you need digital storage inside cars? The need for more storage… Continue reading Tesla launches wildly overpriced solid-state drive for video games and Sentry Mode
Tesla Full Self-Driving data looks awful: We challenge Elon Musk to prove otherwise
The little data that is coming out of Tesla’s Full Self-Driving Beta looks awful, and that’s putting it mildly. We challenge Elon Musk to prove otherwise by releasing disengagement and driver intervention data. To be clear, the Tesla Full Self-Driving Beta data in this article is very minimal, and therefore, it could not be fully… Continue reading Tesla Full Self-Driving data looks awful: We challenge Elon Musk to prove otherwise
Squatter Elon Musk Reportedly No Longer Paying Rent at Twitter
Sounds like totally normal, super chill business things are happening over at Twitter HQ. Squatter’s Rights New Twitter CEO Elon, who officially purchased the microblogging app for a cool $44 billion in October, has discovered that when you purchase a major social media platform — and either fire or force out most of the company’s… Continue reading Squatter Elon Musk Reportedly No Longer Paying Rent at Twitter
Smearing Testosterone on Men Makes Them Into Horny Beasts, Scientists Find
Image by Getty / Futurism In a surprise to absolutely no one, scientists have discovered that literally smearing testosterone onto the skin of young straight dudes makes them unbelievably horny. Testosterone is a hormone that plays a key role in libido, as well as many other biological functions, and men with higher testosterone levels have… Continue reading Smearing Testosterone on Men Makes Them Into Horny Beasts, Scientists Find
FTX’s New CEO Says Company Did “Old Fashioned Embezzlement”
Following the arrest of disgraced crypto exec Sam Bankman-Fried, the House Financial Services Committee held a hearing to discuss what led to the collapse of his company, the cryptocurrency exchange FTX. Bankman-Fried is facing serious criminal charges in the US, CNBC reports, including conspiracy to commit wire fraud, securities fraud, money laundering, and attempts to… Continue reading FTX’s New CEO Says Company Did “Old Fashioned Embezzlement”
The Grim Origins of an Ominous Methane Surge
That is, as we polluted less—heavy industry spun down, flights got canceled, people stopped commuting—we also produced less of the pollutant that normally breaks down methane. It’s a second unfortunate and surprising consequence of cutting pollution: Burning fossil fuels also produces aerosols that bounce some of the sun’s energy back into space, somewhat cooling the climate.… Continue reading The Grim Origins of an Ominous Methane Surge