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Ascend Vietnam Ventures closes debut, early-stage fund at $64mThe early-stage fund exceeded its $50m target.

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China introduces tighter guidelines for celebrity endorsements

Chinese regulators banned the use of celebrities to endorse tobacco products including e-cigarettes, off-campus tutoring, health care, medicine, medical instruments, health foods and formula food for special medical purposes. The State Administration for Market Regulation together with six other agencies implemented the ban Monday through new guidelines regulating celebrity endorsements. This was the first national… Continue reading China introduces tighter guidelines for celebrity endorsements

Exit route getting tougher for VCs in SE Asia as recession looms

The poor global economic environment is making it tough for venture capital (VC) firms in Southeast Asia to find buyers for their portfolio companies, according to investors. As public markets languish, demand from M&A buyers, private equity (PE) sponsors, and institutional investors has also declined, they said. “Would-be buyers are focused on their own businesses… Continue reading Exit route getting tougher for VCs in SE Asia as recession looms

Bukalapak’s contribution margin turns positive for the first time in Q3

Indonesia’s listed technology group Bukalapak on Monday reported a positive contribution margin — calculated as gross profit after sales and marketing costs — for the first time, and said it is looking to turn EBITDA positive by the fourth quarter of 2023. “We are hopeful of seeing revenue growth that surpasses costs, making the contribution… Continue reading Bukalapak’s contribution margin turns positive for the first time in Q3

Uber tests push notifications, a feature literally no one wants

Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren’t staying within the app. Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users. Over the weekend, people turned to Twitter to complain about the notifications, sharing screenshots of ads, including… Continue reading Uber tests push notifications, a feature literally no one wants

TuSimple CEO and co-founder fired by board over ties to Chinese startup Hydron

TuSimple co-founder Xiaodi Hou was fired from his CEO, president and CTO posts by the autonomous trucking company’s board, according to a securities filing Monday. Hou, who co-founded TuSimple in 2015 with Mo Chen, was also removed from his position as chairman of the board and member of the board’s government security committee. The firing came… Continue reading TuSimple CEO and co-founder fired by board over ties to Chinese startup Hydron

The 12 best educational robot toy holiday gift ideas of 2022

All the signs were there. If my parents knew then what parents know now, they would have been prepared. But back in the 1960s and 1970s, the maker movement was still far in the future. Robots were something you only saw in movies and awesome TV shows (or as my Mom would often put it,… Continue reading The 12 best educational robot toy holiday gift ideas of 2022

Tesla is still looking for a leader at Gigafactory Texas

Tesla is still looking to hire a person to be in charge of the entire Gigafactory Texas – a role often known as a plant director. The search comes amid Tesla trying to ramp up production at the factory, but the company remains vague about the current output. Over a year and a half ago,… Continue reading Tesla is still looking for a leader at Gigafactory Texas

Tritium and DC-America are building a coast-to-coast EV fast charging network

/ The American-made and Bipartisan Infrastructure Law-funded stations are built on skids for easy and fast deployment DC-America EV stations with Tritium DC fast chargers are built on a skid platform, requiring little digging on-site.Image: Tritium Tritium and DC-America are partnering to build a nationwide EV fast charging network and have qualified for federal funding… Continue reading Tritium and DC-America are building a coast-to-coast EV fast charging network

Scientists Searching Mars for Good Caves for Astronauts to Live In

These nine grottos are among some of the hottest Martian real estate. Martian Real Estate In a presentation earlier this month, a team of researchers from The Geological Society of America (GSA)identified nine of what they believe to be the most livable caves on the surface of Mars — spaces large enough that they could… Continue reading Scientists Searching Mars for Good Caves for Astronauts to Live In