Hong Kong’s Animoca Brands, a gaming software firm and Web 3.0 investment powerhouse, has raised $110 million in a funding round, the firm said in a statement on Thursday. Singapore-based VC firm TGV 4 Plus and its Follow On Fund invested $17.2 million through convertible bonds, per the announcement. Singapore state investor Temasek led the… Continue reading Hong Kong’s Animoca Brands bags $110m from Temasek, Boyu, othersAnimoca Brands had bagged $75.3m in mid-July.
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US-based LaSalle raises over $2.2b for latest Asia real estate buyout fund
Chicago-based real estate investor LaSalle Investment Management has raised over $2.2 billion for its APAC value-add property fund LaSalle Asia Opportunity VI (LAO VI), according to a release on Thursday. The fund, which exceeded its initial target of $1.5 billion, received commitments from global institutional investors, including pension funds from various US states such as… Continue reading US-based LaSalle raises over $2.2b for latest Asia real estate buyout fund
Lenders appoint receiver to seize China Evergrande’s Hong Kong headquarters
Lenders of struggling Chinese developer Evergrande Group have appointed a receiver this week to seize its Hong Kong headquarters, two sources said, as the world’s most indebted developer struggles to emerge from its debt crisis. Saddled with more than $300 billion in liabilities, Evergrande has been trying to sell its 26-storey China Evergrande Centre in Hong Kong’s Wan Chai… Continue reading Lenders appoint receiver to seize China Evergrande’s Hong Kong headquarters
Credit Suisse strikes deal to buy out Founder Securities’ 49% stake in China securities JV
Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world’s second-biggest economy amid doubts about the scandal-hit Swiss bank’s plans. The bank reached an agreement to buy Founder Securities’ 49% stake in the Credit Suisse Securities (China) venture for 1.14 billion yuan… Continue reading Credit Suisse strikes deal to buy out Founder Securities’ 49% stake in China securities JV
Rivian and Mercedes partner up for electric vans
Mercedes-Benz automotive group and Rivian have a new joint venture to build commercial electric vans for both automakers. The companies signed a Memorandum of Understanding today to start a strategic partnership that will build the new vans on an existing Mercedes-Benz side in Central / Eastern Europe. There will be two van models, one built… Continue reading Rivian and Mercedes partner up for electric vans
The 2024 Chevy Equinox EV is priced to be everyone’s first electric vehicle
General Motors wants to be the biggest seller of electric vehicles in the world, and the new 2024 Chevrolet Equinox EV is intended to play a major role in that effort. Built on GM’s Ultium platform, the midsize SUV will get up to 300 miles of range and will start at “around $30,000” — an… Continue reading The 2024 Chevy Equinox EV is priced to be everyone’s first electric vehicle
The Razor EcoSmart Cargo is an electric scooter that looks suspiciously like an e-bike
Razor, the company that helped kick off the scooter craze over two decades ago, is expanding its lineup of vehicles for adults with the EcoSmart Cargo, a pretty rad-looking electric scooter that borrows a lot from the world of e-bikes. The scooter features a number of stylish design touches, including an olive green body and… Continue reading The Razor EcoSmart Cargo is an electric scooter that looks suspiciously like an e-bike
Uber Eats and Nuro sign a 10-year deal to do robot food delivery in California and Texas
Uber Eats customers in California and Texas may soon have their takeout delivered by a driverless delivery pod after the company signed a 10-year deal with autonomous driving startup Nuro. Today’s announcement is the culmination of over four years of start-and-stop negotiations between the two companies. Uber wanted to use Nuro’s vehicles to make deliveries… Continue reading Uber Eats and Nuro sign a 10-year deal to do robot food delivery in California and Texas
Jeep vows four electric SUVs by 2025, including all-new Recon and Wagoneer S
Jeep will introduce four new all-electric SUVs in North America and Europe by the end of 2025 as part of a broader strategy to have EVs comprise 50 percent of sales in the US and 100 percent in Europe by 2030. Jeep, which is owned by Stellantis, showed the first images of two fully electric… Continue reading Jeep vows four electric SUVs by 2025, including all-new Recon and Wagoneer S
Apple announcements: I’m bored, and that’s amazing
Image: Apple I’m bored. How can that be? I mean, seriously. Apple today announced emergency satellite service, an Apple Watch that’s also a dive computer, an iPhone with a 48-megapixel sensor and an always-on display, and second-gen AirPods Pro that apparently cancel twice as much noise (but probably still won’t mute my puppy’s yaps). Still, I’m… Continue reading Apple announcements: I’m bored, and that’s amazing