South Korean venture capital firm Nextrans is planning to launch a $50-million new Vietnam-focused fund next month as it steps up focus on the country’s tech startup ecosystem, DealStreetAsia has learnt. The new vehicle will look at writing cheque sizes of up to $3 million, Le Han Tue Lam, Nextrans’s general manager confirmed in a… Continue reading S Korean VC Nextrans to launch $50m Vietnam-focused fund soonNextrans is one of the most active foreign VCs in Vietnam with 32 startups in its portfol…
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Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy
Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund, has made a $135-million investment in Shizen Energy to boost the Japanese energy group’s growth in the country and key international markets. In a statement, CDPQ and Shizen Energy said they have also agreed to a co-investment framework that will see the Canadian… Continue reading Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy
Toyota scrambles for EV reboot with eye on Tesla
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38-billion… Continue reading Toyota scrambles for EV reboot with eye on Tesla
Real estate investor Hines opens new office in Vietnam
Texas-based real estate investor Hines has set up the second headquarters in Southeast Asia in Vietnam’s Ho Chi Minh City to tap opportunities in the market. The new office will be spearheaded by Anh Hao Le who joined the company this month as director. Reporting to Kian Fong Lim, the Singapore-based head of Southeast Asia… Continue reading Real estate investor Hines opens new office in Vietnam
China’s XPeng moves closer to launching a robotaxi network
Chinese luxury EV startup XPeng is moving forward on its plans to launch a robotaxi business. The company’s latest G9 SUV became China’s first mass-produced commercial vehicle to pass a government-led autonomous driving closed-field test, the company said Monday at its fourth annual 1024 Tech Day. When XPeng unveiled the G9 in September, the company… Continue reading China’s XPeng moves closer to launching a robotaxi network
Toyota reportedly considers hitting the reset button on its EV transition
/ A Reuters report suggests the company may try to upgrade its e-TNGA vehicle platform, or create a successor, and delay electric vehicles currently in development. Photo by Abigail Bassett for The Verge Toyota may have finally announced an electric vehicle strategy last year, but new reporting suggests that the automaker could be headed back… Continue reading Toyota reportedly considers hitting the reset button on its EV transition
Amazon union organizers call off election attempt at a California warehouse
/ The Amazon Labor Union has withdrawn its petition to hold a vote at ONT8, less than two weeks after filing it. Currently, there’s no explanation for why the election’s being called off.Illustration by Alex Castro / The Verge The Amazon Labor Union has withdrawn its petition to hold an election at an Amazon fulfillment… Continue reading Amazon union organizers call off election attempt at a California warehouse
Arrival restructures (again), Bird shrinks and highlights from Disrupt
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Arrival restructures (again), Bird shrinks and highlights from Disrupt
The 5 best wireless car chargers of 2022
Your smartphone doesn’t just help you communicate via call and text — it also functions as a personal navigator and music player. But during road trips and long commute drives, you may quickly drain your phone’s battery, especially if you’re streaming audio, using maps, or chatting on the phone via Bluetooth. Keeping your phone charged… Continue reading The 5 best wireless car chargers of 2022
AI critic Gary Marcus: Meta’s LeCun is finally coming around to the things I said years ago
Shutterstock NYU Professor Emeritus Gary Marcus, a frequent critic of the hype that surrounds artificial intelligence, recently sat down with ZDNET to offer a rebuttal to remarks by Yann LeCun, Meta’s chief AI scientist, in a ZDNET interview with LeCun in September. LeCun had cast doubt on Marcus’ argument in favor of symbol manipulation as a… Continue reading AI critic Gary Marcus: Meta’s LeCun is finally coming around to the things I said years ago