CVC Capital Partners has decided to sell its 25% stake in the toll road arm of China’s Road King Infrastructure Ltd as part of a deal that aims to value the unit at up to $3 billion, two sources with direct knowledge of the matter said. The Europe-based private equity firm’s exit from Road King Expressway International Holdings (RKE) will come alongside a partial… Continue reading CVC Capital to sell its 25% stake in toll road arm of China’s Road King: report
Category: Tech News
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India: Avanse Financial raises $49m from existing investors Warburg Pincus, IFC
India’s education-focused non-banking financial company (NBFC), Avanse Financial Services Ltd, on Wednesday announced that it has secured about $49 million (Rs 390 crore) from existing shareholders — Warburg Pincus, a global private equity firm; and International Finance Corporation (IFC), a part of the World Bank group — through a rights issue. The contribution percentage of… Continue reading India: Avanse Financial raises $49m from existing investors Warburg Pincus, IFC
Twitch is banning major gambling websites in October
Twitch has announced a significant change to its policy amidst rising concerns about the presence of gambling streams on the platform. On Twitter, Twitch said it will prohibit the streaming of gambling websites that feature slots, roulette and dice games unlicensed in the US and other regions that “provide sufficient consumer protection.” The policy change… Continue reading Twitch is banning major gambling websites in October
HK tycoon-backed C Ventures rebranded as C Capital, sets up new funds for crypto, PEIt has introduced a new blockchain hedge fund and a new credit fun…
C Ventures, which is backed by Hong Kong real estate tycoon Adrian Cheng, announced on Wednesday its rebranding as “C Capital”, alongside the launch of two new funds as the company grows into a multi-asset investment firm. C Capital, co-founded by media sector financer Clive Ng and ex-Bank of America Merrill Lynch banker Ben Cheng,… Continue reading HK tycoon-backed C Ventures rebranded as C Capital, sets up new funds for crypto, PEIt has introduced a new blockchain hedge fund and a new credit fun…
Vietnam’s dilemma: A global tech supply-chain hub with no homegrown championsThe country has recorded technology export growth that no substantial Asi…
Flip over an Apple Watch or MacBook box in the future, and it might say, “Assembled in Vietnam.” The imprimatur of Apple would be a win for Hanoi, which for more than a decade has made a priority of attracting top technology brands like Intel, Samsung and Xiaomi to set up supply chains in the… Continue reading Vietnam’s dilemma: A global tech supply-chain hub with no homegrown championsThe country has recorded technology export growth that no substantial Asi…
Any Distance Raises $1.5M in Funding
Luke Beard & Dan Kuntz – Any Distance Co-founders Any Distance, an Atlanta, GA-based digital and physical experiences company, raised $1.5M in pre-seed funding. The round was led by Bungalow Capital with participation from Overline, Fitt Insider, Shorewind Capital, OliveX, and The Gramercy Fund. Also joining are more than 30 angel investors, including executives from… Continue reading Any Distance Raises $1.5M in Funding
GM pushing 7 new EPA standards that could move US toward mass EV adoption
GM is transforming its business to meet the future of transportation by introducing a full lineup of new electric vehicles this year. With “EV for everyone,” GM is hoping it can reach the masses and speed up the transition to sustainable transportation. In the company’s latest push toward a cleaner future, the automaker released seven… Continue reading GM pushing 7 new EPA standards that could move US toward mass EV adoption
Clean Technica: Chevy’s EV Commercials Hope To Capture The NFL’s Appealing Audiences002256
Several media outlets exuberantly reported this week that GM announced it was targeting NFL Sunday football with an “offensive and critical” advertising campaign to promote its new EV lineup. Like many other legacy automakers, GM continues to brand its transition to an all-electric catalog through traditional television. Chevrolet has figured that the best way to… Continue reading Clean Technica: Chevy’s EV Commercials Hope To Capture The NFL’s Appealing Audiences002256
James Webb Targets Mars, Showing Catastrophic Ancient Damage
“We weren’t expecting that.” Mars Scars The James Webb Space Telescope has captured its first images of Mars, providing crisp new observations of a damaged planet. Using the scope’s Near-Infrared Camera (NIRCam), astronomers got a new look at the Hellas Basin, believed to have formed some four billion years ago when an unknown object of gargantuan proportions… Continue reading James Webb Targets Mars, Showing Catastrophic Ancient Damage
Jetpack Pilot Leaps Incredible Gaps Between Platforms, Like Mario
Boing! It’s-a Me! A video of Gravity Industries founder — and jetpack inventor — Richard Browning performing some daring stunts at this year’s International Manufacturing Technology Show in Chicago went viral over the weekend. Instead of simply zipping back and forth over a desolate mountainside, city river, or lake, Browning mixed it up this time,… Continue reading Jetpack Pilot Leaps Incredible Gaps Between Platforms, Like Mario