Image: Nick_ Raille_07 / Shutterstock.com A week after taking the helm of Twitter, Elon Musk has declared that Twitter usage is actually “an-all time high” amid the confusion of mass firings (and attempted re-hirings), advertisers abandoning ship and sudden policy shifts. “Twitter usage is at an all-time high lol,” Musk wrote, adding that, “I just… Continue reading Elon Musk says Twitter usage is ‘at all-time high LOL’
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Xiaomi backs Chinese auto electronics maker Atech’s $69m Series C roundThe deal marks Xiaomi’s latest investment in the auto sector.
Xiaomi has invested in auto electronics maker Atech Automotive, in the Chinese smartphone maker’s latest bet on the country’s auto industry after venturing into electric vehicle (EV) production last year. Atech Automotive, a nearly-two-decade-old Chinese manufacturer of auto electronics used in intelligent and autonomous driving vehicles, announced on Tuesday the completion of its Series C… Continue reading Xiaomi backs Chinese auto electronics maker Atech’s $69m Series C roundThe deal marks Xiaomi’s latest investment in the auto sector.
India: FirstCry, Myntra early backer Chiratae marks first close of growth fund at $93m
Venture capital firm Chiratae Ventures on Tuesday said it has raised $93 million (Rs. 759 crore) for the first close of its ‘Growth Fund I’ to invest in growth-stage startups. The firm said it plans to now close its greenshoe commitments by Dec 2022 and is targeting to invest across 15-20 startups raising Series C… Continue reading India: FirstCry, Myntra early backer Chiratae marks first close of growth fund at $93m
Grab digibank senior exec Reuban Lai said to be leaving
Reuben Lai, the executive director of GXS Bank — the digital banking joint venture of Grab Holdings and Singapore Telecommunications (Singtel) — is said to be leaving the company at the end of this year. He is, however, said to remain a director on the board of GXS’ digital bank in Malaysia. DealStreetAsia has reached… Continue reading Grab digibank senior exec Reuban Lai said to be leaving
Apheris Raises €8.7M in Seed extension Funding
Apheris, a Berlin, Germany-based provider of a platform for creating collaborative data ecosystems, raised €8.7M in Seed extension round. The round was led by Octopus Ventures, with participation from LocalGlobe, Digventures, Another.VC, Patrick Pichette, Heal Capital, Berthold von Freyberg, and Mirko Novakovic. The company intends to use the funds to further develop its technology and… Continue reading Apheris Raises €8.7M in Seed extension Funding
Tesla critic claims his anti-Tesla ad was banned from Twitter for ‘political’ reasons
/ The Dawn Project, an anti-Tesla group fronted by software developer Dan O’Dowd, said its ad criticizing Tesla Full Self-Driving was rejected for violating a ban on ‘political’ content. Photo by Loren Grush / The Verge A vocal Tesla critic is alleging that Twitter rejected an anti-Tesla ad from his safety advocacy group, claiming that… Continue reading Tesla critic claims his anti-Tesla ad was banned from Twitter for ‘political’ reasons
Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …
Editor’s note: This story, originally published on Nov. 7, has been updated to include the company’s comments. Alternative assets manager Investcorp is planning to increase its exposure to India in the next five years, its co-CEO Rishi Kapoor told DealStreetAsia. The firm currently manages just over $600 million in India, which is a mere 1.5%… Continue reading Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …
Analysts back Blibli’s listing amid rising interest rates
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Musk’s $56 billion Tesla pay deal goes to trial amid Twitter overhaul
As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court next week to defend his $56 billion Tesla pay package. Richard Tornetta, a Tesla shareholder who filed suit in 2019 to rescind Musk’s 2018 pay deal, claims the package — “the largest compensation grant in human history”… Continue reading Musk’s $56 billion Tesla pay deal goes to trial amid Twitter overhaul
Nvidia offers new advanced chip to meet US export controls on ChinaSuch advanced chips can cost thousands of dollars each.
US chip maker Nvidia Corp is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China‘s hands, the company confirmed on Monday. Nvidia responded to Reuters’ reporting that Chinese computer sellers are advertising products with the new chip. The chip, called the A800, represents the first reported effort by a U.S. semiconductor company to create advanced processors for China that follow new U.S. trade rules. Nvidia has said the export limitations could cost it… Continue reading Nvidia offers new advanced chip to meet US export controls on ChinaSuch advanced chips can cost thousands of dollars each.