Category: Tech News

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Thai lender SCB terminates $500m investment in crypto exchange Bitkub

SCB X, the holding company of Thailand’s oldest lender, Siam Commercial Bank, announced that it has terminated an investment transaction worth about $500 million with local crypto asset company Bitkub Online. SCB X would have acquired 51% of Bitkub’s shares at a price of 17.8 billion baht ($537 million at the time of the announcement… Continue reading Thai lender SCB terminates $500m investment in crypto exchange Bitkub

Mitsubishi’s SE Asia-focused PE firm AIGF closes $126m second fund

ASEAN-focused private equity (PE) firm AIGF Advisors Pte Ltd has closed its second fund, AIGF II LP, at 17.3 billion yen ($126 million), according to an announcement. The commitments were made by institutional investors in Japan and the ASEAN region, AIGF said. A PE fund sponsored by Japanese conglomerate Mitsubishi Corporation, AIGF is focused on… Continue reading Mitsubishi’s SE Asia-focused PE firm AIGF closes $126m second fund

Sonos is reportedly developing a speaker that can beam sound in almost all directions

Sonos is working on a new flagship speaker that could be quite a departure from its existing models, according to The Verge. The publication reports that it has seen early images of a new high-end speaker with the codename Optimo 2. If its current design sticks, the device will be encased in a dual-angled shell… Continue reading Sonos is reportedly developing a speaker that can beam sound in almost all directions

Data privacy startup Privado bags $14m from Sequoia India, Insight PartnersExisting investors Together Fund and Emergent Ventures also invested.

Data privacy startup Privado on Wednesday said it has raised $14 million in a Series A funding round co-led by Sequoia Capital India and Insight Partners. The funding, which also saw participation from existing investors Together Fund and Emergent Ventures, comes close on the heels of its seed raise of $3.5 million in January. The… Continue reading Data privacy startup Privado bags $14m from Sequoia India, Insight PartnersExisting investors Together Fund and Emergent Ventures also invested.

ID Digest: Tokopedia launches subscription-based priority delivery; Traveloka quits e-grocery

Tokopedia has launched a new subscription package that allows its users to enjoy free shipping and other perks. Meanwhile, Traveloka has quit the e-grocery sector in just a few months of its foray. PLUS by GoTo Indonesian e-commerce giant Tokopedia, part of the GoTo Group, has announced a subscription plan that offers unlimited free priority… Continue reading ID Digest: Tokopedia launches subscription-based priority delivery; Traveloka quits e-grocery

Sony hikes price of PS5 in Europe, Japan, and more

Sony is increasing its PS5 prices in the UK, Europe, Japan, China, Australia, Mexico, and Canada. Prices are jumping by 10 percent in Europe, and by around 6 percent in the UK as inflation rates impact Sony and many other companies. While Sony is increasing PS5 prices in many parts of the world, it says… Continue reading Sony hikes price of PS5 in Europe, Japan, and more

Milvus creator Zilliz raises $60m in extended Series B roundThe startup was set out in Shanghai before it relocated the headquarters to Silicon Valley

Zilliz, a San Francisco-based startup that builds cloud-native software to process data for artificial intelligence (AI) applications and unstructured data analytics, has raised $60 million in an extended Series B funding round to expand its engineering and go-to-market teams. The Series B+ round, as an extension to the first tranche of $43 million, was led… Continue reading Milvus creator Zilliz raises $60m in extended Series B roundThe startup was set out in Shanghai before it relocated the headquarters to Silicon Valley

Data Vantage: FOMO Pay, Chocolate Finance raise funding; ONE Championship redomiciles

Singapore-based fintech startup FOMO Pay received $13 million in Series A funding last week from investors including Jump Crypto, HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital. According to regulatory filings, lead investor Jump Crypto invested $3.5 million in the round, while HashKey, Antalpha and Ab Initio contributed $3 million each. Following the… Continue reading Data Vantage: FOMO Pay, Chocolate Finance raise funding; ONE Championship redomiciles

Clean Technica: Lucid Air Sapphire Promises Eye-watering, Tesla Threshing Speed 002197

Tesla reset the bar for high performance cars when it launched the Model S all the way back in 2012. Almost as soon as customers got their hands on them, videos started appearing on YouTube of the big EV taking high-end exotic ICE cars to school — and that instant-on torque and off-the-line acceleration has… Continue reading Clean Technica: Lucid Air Sapphire Promises Eye-watering, Tesla Threshing Speed 002197