Gokin Solar, a Chinese solar energy firm that produces photovoltaic (PV) silicon wafers, has snapped up 2.5 billion yuan ($360.1 million) in a Series B round led by China International Capital Corp Ltd (CICC), the company has announced. The financing comes five months after Zhuhai-headquartered Gokin’s Series A round in April, in which it raised… Continue reading IDG-backed Chinese solar energy firm Gokin notches $360m in Series B round
Category: Tech News
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China’s Tencent increases stake in ‘Assassin’s Creed’ maker UbisoftThe deal values France’s biggest games developer at almost $10b
Tencent Holdings Ltd is raising its stake in Ubisoft Entertainment SA in a deal that values France’s biggest games developer at almost $10 billion, as deep-pocketed Chinese firms continue their overseas search for growth. Interest in the maker of the “Assassin’s Creed” and “Tom Clancy’s” franchises comes as the world’s largest games firm by revenue counters slowing growth at home with purchases including… Continue reading China’s Tencent increases stake in ‘Assassin’s Creed’ maker UbisoftThe deal values France’s biggest games developer at almost $10b
Softbank-backed Chinese fitness app Keep Inc renews plans for Hong Kong IPO
Keep Inc, China’s most popular fitness app backed by SoftBank’s Vision Fund and Tencent Holdings, renewed its effort to sell shares in Hong Kong weeks after its first application expired. Keep submitted another application to the Hong Kong stock exchange for an initial public offering, according to a Tuesday release by the bourse. The company… Continue reading Softbank-backed Chinese fitness app Keep Inc renews plans for Hong Kong IPO
Australian semiconductor firm Morse Micro bags $140m in Series B funding
Morse Micro, a fabless semiconductor firm developing Wi-Fi HaLow solutions for the Internet of Things (IoT), has announced raising $140 million in Series B funding anchored by Japan-based MegaChips Corporation. The funding round also saw the participation of existing investors, including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital and… Continue reading Australian semiconductor firm Morse Micro bags $140m in Series B funding
Baring PE Asia raises $11b for eighth flagship fund: report
Baring Private Equity Asia (BPEA) has raised about $11 billion for its latest flagship fund and may announce the final close as soon as this month, per a Bloomberg report. The reported amount far exceeds the firm’s target of $8.5 billion eighth fund. The predecessor vehicle was closed at $6.5 billion in January 2020. BPEA… Continue reading Baring PE Asia raises $11b for eighth flagship fund: report
Cleantechnica: Tesla Order Backlog: ~457,000 Vehicles 002225
Anyone eager to buy a new Tesla knows the problem: it’s a loooooong time before you’ll get your car. A friend of a friend recently waited about a year for his Model X. Someone I know who ordered a Tesla Model Y sometime back has to wait until the spring for it. Like many, “Troy… Continue reading Cleantechnica: Tesla Order Backlog: ~457,000 Vehicles 002225
Guy Builds Terrifying Laser-Powered Lawn Mower
“It’s not going to cut your finger off or anything like that,” he warned, “but a direct hit to your eyeball, even for just a nanosecond, would make you blind for the rest of your life.” Laser Mower YouTuber Daniel Riley unleashed his inner mad scientist by building a laser-powered lawn mower — the epitome… Continue reading Guy Builds Terrifying Laser-Powered Lawn Mower
Europe’s Energy Crisis Is So Bad It May Have to Idle CERN’s Large Hadron Collider
Thanks, Russia. Sleep Mode The energy crisis in Europe has gotten so bad that CERN is considering taking its particle accelerators offline — including the famous Large Hadron Collider. As the Wall Street Journal reports, the European Organization for Nuclear Research, which is better known by its French acronym CERN, is currently drafting plans to shut… Continue reading Europe’s Energy Crisis Is So Bad It May Have to Idle CERN’s Large Hadron Collider
Google Maps can now tune its eco-friendly navigation for gas, diesel, and electrified vehicles
Google is expanding Maps’ eco-friendly routing mode, rolling the feature out in dozens of European countries and making it even more powerful by letting you pick what type of fuel your car runs on. The feature, originally launched in the US and Canada last year, will highlight routes that use less energy if they have… Continue reading Google Maps can now tune its eco-friendly navigation for gas, diesel, and electrified vehicles
Twitter’s lawyers say Elon Musk wanted out of the deal because of ‘World War 3,’ not bots
The whistleblower complaint from Twitter’s former head of security is already complicating the company’s legal battle with Elon Musk. Lawyers representing Musk and Twitter met in court Tuesday for a hearing that will determine whether the claims made by Pieter “Mudge” Zatko can be added to Elon Musk’s legal case to get out of his… Continue reading Twitter’s lawyers say Elon Musk wanted out of the deal because of ‘World War 3,’ not bots