Chinese financial services major Ant Group’s purchase of a majority stake in the Southeast Asian payments company 2C2P in April this year valued the latter at over $590 million, show DealStreetAsia’s calculations based on regulatory filings. Ant Group had announced its purchase of a majority stake in the Singapore- and Thailand-headquartered 2C2P, which enables enterprises… Continue reading Ant Group’s acquisition valued Singapore payments firm 2C2P at over $590m
Category: Tech News
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IPO fundraisings may remain muted in Indonesia as startups wait out weak market
Indonesia’s IPO market, which recovered smartly in 2021 from the pandemic-induced lows of the previous year, is facing another lacklustre year in terms of fundraisings. Unfavourable market conditions — geopolitical tensions, inflation, and rising global interest rates, among other things — have forced many IPO hopefuls in the country to defer their public listings to… Continue reading IPO fundraisings may remain muted in Indonesia as startups wait out weak market
Asian fund managers are showing more sophistication in secondaries, say specialists
Secondaries can be a highly useful tool in an Asian fund manager’s toolkit as global market corrections persist and dislocations emerge, shared global investors at a SuperReturn Asia panel on Wednesday. Secondaries refer to the buying and selling of preexisting private equity investor commitments to private market funds. The Asian secondaries market has come a… Continue reading Asian fund managers are showing more sophistication in secondaries, say specialists
Audio content site Kuku FM raises $21.8m from Nilekani-backed Fundamentum
Audio content site Kuku FM has raised $21.8 million in a Series B1 round of funding led by Nandan Nilekani-backed Fundamentum Partnership. Along with new investors Fundamentum and Paramark, existing investors KRAFTON, Inc, 3one4 Capital, Vertex, Verlinvest and FounderBank Capital also participated in Kuku FM’s second fundraising this year. Earlier in the year, Kuku FM… Continue reading Audio content site Kuku FM raises $21.8m from Nilekani-backed Fundamentum
Larry Page’s flying car startup Kitty Hawk is shutting down
/ Funded by Google co-founder Larry Page, Kitty Hawk promised small electric flying vehicles designed for recreation and transportation — but in the years since its 2017 reveal, it hasn’t delivered any of them. Heaviside was Kitty Hawk’s last eVTOL in development.Image: Kitty Hawk Kitty Hawk, the ambitious “flying car” startup funded by Google co-founder… Continue reading Larry Page’s flying car startup Kitty Hawk is shutting down
Bird board backs new scooter boss
Micromobility company Bird is boosting its president, Shane Torchiana, to CEO status in a “long-planned” shakeup that sees founding chief executive Travis VanderZanden further stripped of power. Bird’s board also announced two other appointments: Former Archer Aviation chief financial officer Ben Lu has joined as Bird’s new CFO, taking over the role from Yibo Ling,… Continue reading Bird board backs new scooter boss
Kitty Hawk, the electric aircraft moonshot backed by Larry Page, is shutting down
Kitty Hawk, the electric aviation startup founded and led by the “godfather of self-driving cars” Sebastian Thrun and backed by Google co-founder Larry Page, is shutting down. The company said in a tweet and on a post in LinkedIn that it was winding down operations. “We have made the decision to wind down Kittyhawk. We’re… Continue reading Kitty Hawk, the electric aircraft moonshot backed by Larry Page, is shutting down
Kia, Hyundai sued after viral TikTok causes rise in thefts
Things I learned on TikTok: The hole in a pasta spoon is one serving of spaghetti. What to do when a debt collector comes knocking. How to hot wire a Kia using a USB cord and a screwdriver. Oh yes, you read that right. A trending TikTok challenge publicizing a technique for stealing certain makes… Continue reading Kia, Hyundai sued after viral TikTok causes rise in thefts
EVgo expands Plug and Charge capabilities to EVs beyond GMs Ultium Charge 360 network including Ford, Polestar
US public charging network EVgo has announced an expansion of its Plug and Charge capabilities via its new Autocharge+ technology. Previously, owners of Plug and Charge capable GM EVs could utilize the feature on the EVgo network, but that opportunity is now available for drivers of plenty other EVs, including Ford. Plug and Charge is technology… Continue reading EVgo expands Plug and Charge capabilities to EVs beyond GMs Ultium Charge 360 network including Ford, Polestar
Tesla launches CCS adapter for $250, enabling drivers to access public chargers
Tesla has officially launched its CCS adapter for $250, enabling Tesla drivers to access public charging stations. This is a product that Tesla owners have been wanting for a long time. For the past year, Tesla has indicated that it is about to open its Supercharger network to non-Tesla electric vehicles. This has been a… Continue reading Tesla launches CCS adapter for $250, enabling drivers to access public chargers