Sinovation Ventures, the Chinese venture capital firm founded by former Google executive Kai-Fu Lee, has so far raised $203 million for its fifth flagship venture vehicle, Sinovation Fund V, its filing with the US Securities and Exchange Commission (SEC) showed. SEC filings typically represent only the capital raised from investors in the US. Go to… Continue reading Sinovation Ventures raises $203m so far for fifth flagship venture fund
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Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore
Australian alternative protein company Vow has announced raising $49.2 million in a Series A funding round co-anchored by venture capital investors Blackbird and Prosperity7 Ventures. Toyota Ventures, HostPlus Super, NGS Super, and Pavilion Capital also participated in the funding round that comes almost two years after Vow raised $6 million in seed funding, backed by… Continue reading Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore
Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Tesla investors are starting to get increasingly concerned that Elon Musk’s focus on Twitter is taking him away from the automaker as its stock is falling. The CEO tried to reassure shareholders saying that he has ‘Tesla covered’, but he also said that he is sleeping at Twitter’s headquarters “until the social media is fixed”.… Continue reading Elon Musk: ‘I have Tesla covered too’ as he sleeps at Twitter HQ
Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
Thai pet food maker, i-Tail Crop (ITC), plans to raise between 19.8 billion baht to 21.12 billion baht ($554.00 million to $590.93 million) in an initial public offer (IPO) this year, it said in a filing. i-Tail Crop, a unit of the world’s biggest maker of tuna Thai Union, set an IPO price range of 30 baht and 32 baht, offering between 600 million and 660 million shares or 22% of the firm. The final share price… Continue reading Thai pet food maker i-Tail looking to raise up to $590m in IPOThe IPO will be Thailand’s second-largest this year.
China’s Country Garden plans $500m share placement
Chinese property developer Country Garden Holdings said on Tuesday it plans to sell HK$3.92 billion ($500 million) worth of shares in a share placement, raising capital to refinance existing offshore indebtedness and for general working capital. The Guangdong-based company plans to sell 1.463 billion shares, representing 5.66% of the enlarged share capital, to third-party investors at HK$2.68 apiece, it said in a filing to the Hong Kong bourse. The issue price represents a… Continue reading China’s Country Garden plans $500m share placement
Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Singapore-headquartered online payment company Red Dot Payment allotted shares worth $4 million to its biggest shareholder PayU, the fintech arm of Naspers, last week. The latest investment follows a similar capital injection in March this year by PayU, which now holds an over 73% stake in the startup. Red Dot shares were priced 35.2% lower… Continue reading Data Vantage: Red Dot Payment, TabSquare, ADDX bag new funding and other updates
Clean Technica: Did Elon Musk Revive Hopes For A $25,000 Tesla?002374
CEO Elon Musk has gone back and forth on the creation of a $25,000 Tesla, seemingly putting an end to those plans earlier this year. However, his statements about a new car platform from the company’s last earnings call have aroused fresh suspicion that plans for a more affordable Tesla could already be underway. Tesla… Continue reading Clean Technica: Did Elon Musk Revive Hopes For A $25,000 Tesla?002374
Clean Technica: EVgo Offers New Autocharge+ “Tesla Plus Promo” For Tesla Drivers002373
EVgo has announced that Autocharge+ will be available to Tesla drivers equipped with the CCS Combo 1 Adapter at nearly all EVgo DC fast charging locations. The new promotion by EVgo is exclusively for Tesla owners who own the Tesla Model S, 3, X, or Y electric vehicle. EVgo operates one of the nation’s largest… Continue reading Clean Technica: EVgo Offers New Autocharge+ “Tesla Plus Promo” For Tesla Drivers002373
This Strongly Appears To Be Alameda CEO Caroline Ellison’s Tumblr Account
The implosion of the crypto exchange FTX has been garnering headlines all weekend, but we’re just beginning to unravel the mystery of one of the biggest personalities at the center of it all. While FTX founder CEO Sam Bankman-Fried has been gobbling up the majority of the attention in the ongoing debacle, Caroline Ellison —… Continue reading This Strongly Appears To Be Alameda CEO Caroline Ellison’s Tumblr Account
The FTX Collapse Is So Egregious That Even the Bahamas Are Investigating
They’re investigating to see “if any criminal misconduct occurred.” Gotta Be Bad There are few things that very wealthy people can do to get in trouble in the crypto-friendly tax haven that is the Bahamas — but disgraced FTX figurehead Sam Bankman-Fried has pulled it off. Multiple reports claim that in addition to an SEC… Continue reading The FTX Collapse Is So Egregious That Even the Bahamas Are Investigating