Elon Musk has everything to lose and only retweets to gain Share this story Illustration by William Joel / The Verge Elon Musk’s $44 billion acquisition of Twitter is expected to close tomorrow. (Please God, let it close tomorrow.) There are lots of very smart financial journalists who have things to say about this. Here in… Continue reading The Twitter deal is all downside risk for Elon Musk
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APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Dutch pension fund manager APG Asset Management has teamed up with Singapore-listed real estate company CapitaLand Investment (CLI) to acquire self-storage operator Extra Space Asia (ESA) for approximately S$570 million ($405 million) through a joint venture deal, according to a statement. APG will hold a 90% stake in a newly-formed entity set out to establish… Continue reading APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
Emerging Markets Property Group (EMPG), the holding company of Indonesian property listing platform Lamudi, on Thursday announced that it has raised $200 million in funding led by US-based Affinity Partners, which is Jared Kushner’s global investment firm. Kushner, the son-in-law and former aide to ex-US president Donald Trump, has raised more than $3 billion in… Continue reading Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
Odyssey Raises $4.75M in Seed Funding
Odyssey (formerly known as Agora), a New York-based provider of a platform that helps states connect families to public funding and education services, raised $4.75m in Seed funding. The round was led by a16z through its American Dynamism practice, which invests in founders and companies that solve important national problems, with participation from Village Global, Bling… Continue reading Odyssey Raises $4.75M in Seed Funding
Tesla issues rare real ‘physical’ recall of over 24,000 Model 3 vehicles
Tesla has issued a recall on just over 24,000 Model 3 vehicles over a seat belt problem. It’s a rare real ‘physical’ recall for the automaker after many ‘recall” that were just software updates. Earlier this year, NHTSA issued a series of recalls on Tesla vehicles that were highly reported in the media. What was less reported,… Continue reading Tesla issues rare real ‘physical’ recall of over 24,000 Model 3 vehicles
Blibli prices its shares at the higher end of price band in IPO, raises $513mWhile some say Blibli’s shares are overpriced, others argue that the Djar…
PT Global Digital Niaga Tbk — the entity that owns the Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — is said to have raised 8 trillion rupiah ($513 million) after pricing its shares at 450 rupiah apiece for its initial public offering (IPO), two sources familiar with the matter… Continue reading Blibli prices its shares at the higher end of price band in IPO, raises $513mWhile some say Blibli’s shares are overpriced, others argue that the Djar…
Asia Digest: Toku closes Series A extension; Everstone part-exits Acqueon
Singapore-based cloud communications startup Toku has received $5 million in a Series A extension while India’s Acqueon has raised fresh funding from Long Ridge Equity. Toku gets $5m in Series A extension Singapore-based cloud communications provider Toku has received $5 million in its Series A extension bringing the total funding in this round to $10… Continue reading Asia Digest: Toku closes Series A extension; Everstone part-exits Acqueon
China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER
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
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.