Sequoia-backed BizSeer has raised almost $28 million in a Series C round, while energy tech firm ZD POWER has snapped around $14 million in a Series A round. Sequoia-backed BizSeer bags $28m Series C BizSeer, a specialist in artificial intelligence for IT operations (AIOps), has notched 200 million yuan ($27.7 million) in a Series C… Continue reading China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER
Category: Tech News
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Samsung posts a 23 percent profit decline due to weak demand
Samsung has reported a record consolidated revenue of 76.78 trillion Korean won (US$54 billion) for the third quarter of 2022, but it has also posted a decline in profit from the previous quarter and year-over-year. The tech giant’s operating profit (KRW 10.85 trillion or US$7.6 billion) has declined 23 percent from the second quarter and… Continue reading Samsung posts a 23 percent profit decline due to weak demand
SDIC, Vertex Ventures back $97m round of China’s New Dimension SystemsSoftBank China Venture Capital also participated in the round.
Chinese industrial software developer New Dimension Systems has secured almost 700 million yuan ($97.1 million) in a new funding round from investors including Temasek-backed Vertex Ventures and SoftBank China Venture Capital. The Hangzhou-headquartered startup raised the fresh capital from lead investor SDIC Venture Capital, the investment management arm of China’s State Development & Investment Corporation… Continue reading SDIC, Vertex Ventures back $97m round of China’s New Dimension SystemsSoftBank China Venture Capital also participated in the round.
China’s Alwin Capital closes second dual-currency fund this month at over $300m
Chinese venture capital (VC) firm Alwin Capital has secured the final close of a dual-currency fund at $300 million to invest in life and interdisciplinary sciences, according to a company announcement. The RMB investors of the dual-currency fund include large fund of funds (FoFs), Chinese government guidance funds, medical industry and insurance companies, banks, and… Continue reading China’s Alwin Capital closes second dual-currency fund this month at over $300m
Indonesian mobile cafe startup Jago nets $2.2m and other SE Asia deals
Indonesia-based mobile cafe network Jago has announced raising $2.2 million in pre-Series A funding anchored by venture capital firms Intudo Ventures, and BEENEXT. Jago, co-founded by former Gojek vice president of product Christopher Oentojo, said the oversubscribed round was also backed by CyberAgent Capital and Arkblu Capital. Go to Source
SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
Southeast Asia’s digital economy may cross the $200 billion mark by Gross Merchandise Value (GMV) this year, three years earlier than thought, according to the 2022 e-Conomy report by Google, Temasek, and Bain & Co. The inaugural e-Conomy SEA report, in 2016, had predicted this to happen by 2025. GMV in the region is on… Continue reading SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
GM says it will power all of its US sites with clean energy by 2025
General Motors (GM) today announced that it has finalized agreements to power all of its US sites with clean energy by 2025. This is in line with the accelerated target that GM announced in September 2021, which is five years ahead of the 2030 target the company announced in early 2021 and 25 years ahead… Continue reading GM says it will power all of its US sites with clean energy by 2025
Clean Technica: Latest Tesla OTA Update Increases Charging Speed, Adds Other Features002342
Tesla has just released its latest over-the-air software update (2022.40.1). The key upgrade here concerns charging. After installing the update, the battery will charge more efficiently, thanks to Tesla updating the thermal controls to take into account the actual power output of each individual Supercharger. The result is the battery can now charge a little… Continue reading Clean Technica: Latest Tesla OTA Update Increases Charging Speed, Adds Other Features002342
Cleantechnica: Tesla Model Y vs. Ford Mustang Mach-E — Zach vs. Job Debate 002341
We’re on to the next round of our Ultimate EV Bracket Battle, and this is the best battle yet. It’s the best selling electric SUV in the United States versus the second best selling electric SUV in the United States! That’s the Tesla Model Y versus the Ford Mustang Mach-E. Now, when we say these… Continue reading Cleantechnica: Tesla Model Y vs. Ford Mustang Mach-E — Zach vs. Job Debate 002341
Tesla Reportedly Under Criminal Investigation for Claiming Its Cars Can Drive Themselves
A lot of eyes are on Tesla right now. Death Drive Tesla is reportedly under criminal investigation by the Justice Department over misleading marketing of its driver assistance system called Autopilot, Reuters reports. According to Reuter‘s sources, the department launched an undisclosed probe last year, investigating more than a dozen crashes involving Tesla’s notorious driver… Continue reading Tesla Reportedly Under Criminal Investigation for Claiming Its Cars Can Drive Themselves