Guangzhou-based Lupeng Pharmaceuticals, a clinical-stage firm that focuses on drug discovery and developing novel therapies for cancer, has snapped $35 million in the second tranche of its pre-Series B round. The round was led by Hangzhou-headquartered Kaitai Capital and Singapore state investor Temasek, Lupeng announced via its WeChat account. Lilly Asia Ventures, Fontus Capital,… Continue reading Temasek co-leads $35m pre-Series B round in China’s Lupeng Pharmaceuticals
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India: ICICI Venture invests $44m in consumer houseware maker Cello World
ICICI Venture, the alternative investment arm of ICICI Bank, on Wednesday said it has invested $44 million (Rs 360 crore) in consumer houseware company Cello World. Founded in 1967, Cello World is a Mumbai-based family-owned business manufacturing storage containers, water bottles, and tiffin boxes, with a presence across 30,000 retail outlets through more than 300… Continue reading India: ICICI Venture invests $44m in consumer houseware maker Cello World
Genesis teases its EV future with the Genesis X convertible
Hyundai luxury arm Genesis unveiled Tuesday evening the Genesis X convertible, the third and final electric vehicle concept of the brand’s EV future. The reveal, held at a splashy event ahead of the 2022 Los Angeles Auto Show, follows the X Concept and the X Speedium Coupe — all of which fall under the Inspired… Continue reading Genesis teases its EV future with the Genesis X convertible
Apple reportedly plans to use US-made chips starting in 2024
Apple is gearing up to source chips from a factory in the US within the next couple of years, according to Bloomberg’s Mark Gurman. Company CEO Tim Cook reportedly made the revelation during a meeting with local engineering and retail employees in Germany, telling them that Apple “already made a decision to be buying out… Continue reading Apple reportedly plans to use US-made chips starting in 2024
Temasek, Alibaba co-lead Chinese metaverse platform Yahaha’s $40m funding
Yahaha, a user-generated metaverse gaming platform, has secured $40 million in a Series A+ funding round co-led by Singapore’s Temasek and Chinese internet giant Alibaba, the company announced on Wednesday. Yahaha’s platform allows gamers and developers to build their own games and publish them on the platform. The investments will be used to further grow… Continue reading Temasek, Alibaba co-lead Chinese metaverse platform Yahaha’s $40m funding
500 Global, Pakistan’s JS group join hands to support local startups
US-based venture capital firm 500 Global and Pakistan’s JS group have entered into a partnership to bring investor education programmes to the country and help 500 Global scout for top founders and high-tech startups to invest in. Speaking exclusively to DealStreetAsia, Salaal Hasan, Director Venture Capital at JS Group, said, “We believe this partnership will… Continue reading 500 Global, Pakistan’s JS group join hands to support local startups
HoloMatic bags funding and 37 other deal updates from Greater China worth around $434m
HoloMatic, which offers full-stack autonomous driving R&D capabilities in China, has notched “several hundreds of millions” in yuan in a Series C2 round led by the Chinese state-owned automaker Guangzhou Automobile Group’s investment arm GAC Capital. The round, participated by Chaos Investment and Guangzhou Zhidou Investment Holding Group, will help the Beijing-based firm to further… Continue reading HoloMatic bags funding and 37 other deal updates from Greater China worth around $434m
Clean Technica: 22% Of New Car Sales Now Electric In The Netherlands!002375
The Dutch auto market is fast recovering from a slow first half of the year. It grew 20% in October, to almost 29,000 units. That could mean that the easing of the chip crisis is making itself noticed in the overall market. In fact, it even grew faster than the Dutch plugin vehicle (PEV) market,… Continue reading Clean Technica: 22% Of New Car Sales Now Electric In The Netherlands!002375
The FTX Collapse Has Another Crypto Company Preparing for Bankruptcy
Crypto’s day of reckoning is here. The Reckoning The crypto crisis is far from over. Just last week, crypto exchange FTX imploded in spectacular fashion, wiping out $32 billion in valuation, and forcing it to declare bankruptcy. Now, another major crypto company could be poised to follow suit. BlockFi — a major crypto lender that… Continue reading The FTX Collapse Has Another Crypto Company Preparing for Bankruptcy
Elon Musk’s Mom Pleads With Everyone to Stop Being So Mean to Her Perfect Boy
Hey. Guys. Quit it. He may have just laid off thousands of employees in the most chaotic and callous ways imaginable, but you know what? You just hate him ’cause you ain’t him, and it’s time to lay off — according to one Maye Musk, mother of Elon, that is. At least, that’s the message… Continue reading Elon Musk’s Mom Pleads With Everyone to Stop Being So Mean to Her Perfect Boy