GalaxySpace has reached a unicorn valuation of over $1 billion after raising an undisclosed amount; The JLC Group has bagged $129.1 million in a Series B round; and Aerospace firm Istar Space has raised $43 million led by China Innovative Capital. Satellite maker GalaxySpace enters unicorn club Chinese communications satellite producer GalaxySpace has reached a… Continue reading China Digest: GalaxySpace enters unicorn club; JLC, Istar Space raise fundsGalaxySpace is the first Chinese aerospace and satellite internet startup t…
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Asia Digest: India’s Daalchini raises $4m; Pakistan’s SnappRetail bags $2.5m
Indian retail tech startup Daalchini has raised $4 million in a Series A round led by Unicorn India Ventures. Separately, Pakistani fintech startup SnappRetail has raised $2.5 million in a pre-seed round led by Zayn Capital’s BitRate Fund. Daalchini raises $4m led by Unicorn India Ventures Indian retail tech startup Daalchini on Wednesday said it… Continue reading Asia Digest: India’s Daalchini raises $4m; Pakistan’s SnappRetail bags $2.5m
Tesla Model Y earns five-star rating from European safety agency
Tesla extended its five-star rating streak in Europe with the Model Y, the company announced. The electric crossover SUV earned top marks during safety tests conducted by the European New Car Assessment Programme (Euro NCAP), receiving the highest overall score among any vehicle tested under the agency’s more stringent test protocol. The testing measures four… Continue reading Tesla Model Y earns five-star rating from European safety agency
Tesla Model Y receives top safety rating from Australia’s ANCAP
Tesla continues to receive accolades for its safety ratings, with the Model Y receiving the top safety rating from Australia’s ANCAP. Australasian New Car Assessment Program or ANCAP becomes the latest car safety agency to give Tesla’s electric SUV a top safety score. We previously reported on the Model Y acing its safety test with NHTSA and… Continue reading Tesla Model Y receives top safety rating from Australia’s ANCAP
Indonesia raises fares for app-based motorbike services following fuel price hike
Indonesia‘s Transport Ministry has raised fares for app-based motorbike transport services to account for the recent fuel price hike, senior official Hendro Sugiatno said on Wednesday. The fares per kilometer were increased by between 6% and 13.3% while minimum fares for the first 4km of travel were also raised. The new fares will take effect three days from Wednesday, Hendro said. Reuters Go… Continue reading Indonesia raises fares for app-based motorbike services following fuel price hike
US regulator warns against switching auditors to avoid Chinese trading bans
US accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching US rules, the US Securities and Exchange Commission (SEC) warned on Tuesday. Worried they may be kicked off US exchanges if China does not allow the SEC‘s accounting watchdog to vet Chinese company audits, some US-listed Chinese and Hong Kong companies have recently switched their lead auditor from… Continue reading US regulator warns against switching auditors to avoid Chinese trading bans
Sony unveils ‘world’s first’ robotic pan-tilt-zoom full-frame mirrorless camera
Sony has unveiled an unusual mirrorless camera that essentially marries the FX6 cinema camera‘s tech with remote-controlled robotics. Called the FR7, it’s the “world’s first” pan-tilt-zoom full-frame interchangeable-lens camera with pan-tilt-zoom (PTZ) robotic technology, according to the company. Priced at nearly $10,000 without a lens, it’s designed for professional productions including reality shows, concerts, dramas,… Continue reading Sony unveils ‘world’s first’ robotic pan-tilt-zoom full-frame mirrorless camera
Apple plans to appeal Brazil’s decision to ban the sale of iPhones without chargers
Brazil’s Ministry of Justice has issued an order banning Apple from selling iPhones that don’t come with chargers in the country. It has also slapped the tech giant with a fine of 12.275 million Brazilian reals ($2.38 million) and has ordered the cancelation of the iPhone 12’s registration with the country’s national telecoms agency Anatel.… Continue reading Apple plans to appeal Brazil’s decision to ban the sale of iPhones without chargers
Google Maps eco-friendly directions are coming to 40 European countries
Last October, Google added new, eco-friendly driving directions to Maps. In the US, you could pull up a driving route that would take into account things like congestion and incline to find you the directions that are best for your fuel economy. As part of a handful of Maps announcements today, Google says the feature… Continue reading Google Maps eco-friendly directions are coming to 40 European countries
Nissan to acquire automotive battery maker Vehicle Energy JapanVehicle Energy Japan develops, manufactures and sells lithium-ion batteries for hybrid …
Japan’s Nissan Motor Co said on Wednesday it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker’s biggest shareholder. Nissan added that after the acquisition of the shares held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund, Vehicle Energy Japan will become its consolidated subsidiary,… Continue reading Nissan to acquire automotive battery maker Vehicle Energy JapanVehicle Energy Japan develops, manufactures and sells lithium-ion batteries for hybrid …