Facebook parent company Meta could announce large-scale layoffs as early as next week, according to The Wall Street Journal. The outlet reports the company is planning to cut “many thousands” of employees, with an announcement coming as soon as Wednesday. Meta currently employs more than 87,000 individuals. The cuts could be the largest workforce reduction… Continue reading Meta will reportedly announce ‘large-scale’ layoffs next week
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Twitter is reportedly holding off on paid verifications until after the US midterms
Twitter has delayed the rollout of paid account verification until after the end of the US midterm elections, according to The New York Times. The company reportedly made the decision on Saturday after it briefly began rolling out its $8 per month Twitter Blue service. In the hours after the company released an iOS app… Continue reading Twitter is reportedly holding off on paid verifications until after the US midterms
Apple’s second-gen AirPods Pro are on sale for $234 right now
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing. If you’ve been waiting for Apple’s second-generation AirPods… Continue reading Apple’s second-gen AirPods Pro are on sale for $234 right now
Spain temporarily closed its airspace due to an out-of-control Chinese rocket
For the second time this year, the uncontrolled remnants of a Chinese Long March 5B came crashing to Earth. On Friday morning, US Space Command confirmed pieces of the rocket that carried the third and final piece of China’s Tiangong space station to orbit had re-entered the planet’s atmosphere over the south-central Pacific Ocean, reports… Continue reading Spain temporarily closed its airspace due to an out-of-control Chinese rocket
Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million). Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price… Continue reading Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
The LP View: Investors looking for GPs ‘of the future’What worked 15 years ago may or may not work today, says Audrey The-Dumas of Cambridge Associate…
Global investment firm Cambridge Associates has a sizeable team dedicated to identifying the “next generation” of managers amid an evolving private equity industry. “What worked 15 years ago, and has delivered returns, may or may not work today,” Audrey The-Dumas, managing director at Cambridge Associates, told DealStreetAsia in an interview. Go to Source
Vertex-backed digital health platform Speedoc scores fresh funding
Speedoc, a Singapore-based digital health platform backed by Vertex Ventures Southeast Asia and India, has raised $17.5 million in fresh funding, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and/or have other… Continue reading Vertex-backed digital health platform Speedoc scores fresh funding
How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask. For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings. Go… Continue reading How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Asset managers PineBridge, Man Group increase China exposure on reopening hopes
Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in… Continue reading Asset managers PineBridge, Man Group increase China exposure on reopening hopes
India Deal Review: Startup fundraising rises 37% in Oct to $1.4b
Fundraising by Indian startups touched $1.37 billion across 87 private equity and venture capital transactions in October, registering a growth of about 37% over September, according to proprietary data compiled by DealStreetAsia. Deal value increased on the back of big-ticket deals, despite deal volume falling 23% from 115 in September. Go to Source