Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk reported positive third-quarter results on Monday by beating its own guidance despite incentive reductions for users and growing macroeconomic pressure. GoTo’s Q3 loss of 6.8 trillion rupiah ($432 million) notwithstanding, the group showed growth in its transactions, revenue, and key profitability metrics in the period. Go to… Continue reading Strong Q3 suggests GoTo is on firm footing in ride towards profitabilityGoTo has advanced its group contribution margin breakeven timeline by one or t…
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FMO proposes $25m investment in SG energy company BE C&I Solutions
Dutch development bank FMO has proposed a $25 million investment in BE C&I Solutions Holdings Limited, a Singapore-based distributed energy business that develops, builds and operates solar PV rooftop and ground mount installations for commercial and industrial (C&I) customers in emerging markets, according to a disclosure. The company, earlier known as Berkeley Energy Commercial &… Continue reading FMO proposes $25m investment in SG energy company BE C&I Solutions
Yoma to buy Telenor’s stake in Myanmar’s Wave Money for $40m, down from $53m
Yoma MFS Holdings, a subsidiary of Singapore-listed Yoma Strategic, is acquiring a 51% stake in Digital Money Myanmar (Wave Money), a digital payment service provider, for $40 million, according to a disclosure. Yoma will acquire the controlling stake from Norwegian telecom firm Telenor, a joint venture partner of Yoma Strategic in Wave Money. Both Telenor… Continue reading Yoma to buy Telenor’s stake in Myanmar’s Wave Money for $40m, down from $53m
Domino’s is building an all-electric pizza delivery fleet with Chevy Bolts
/ Domino’s is deploying more than 800 of Chevy’s compact all-electric Bolt vehicles starting this month. Domino’s outfitted Chevy Bolts.Image: Domino’s Domino’s is gearing up to put more than 800 all-electric pizza delivery vehicles into service in the coming months, starting with over 100 of them rolling out in November. The company went with the… Continue reading Domino’s is building an all-electric pizza delivery fleet with Chevy Bolts
Everything that stood out to us at the 2022 LA Auto Show
The 2022 Los Angeles Auto Show is in the rearview mirror, leaving us with one final task: sharing a roundup of the weird and wonderful, the awkward and eye-popping vehicle unveilings and new announcements that made this year’s show. The auto show didn’t quite capture the energy of those heady pre-COVID pandemic days, although it… Continue reading Everything that stood out to us at the 2022 LA Auto Show
Three big takeaways from this year’s United Nations climate conference
/ After COP27, an empty bucket and roadblocks ahead Activists demand “Loss and Damage” reparations at the COP27 UN Climate Change Conference in Sharm El-Sheikh, Egypt, on November 12th, 2022.Photo by Dominika Zarzycka / NurPhoto via Getty Images Trying to save the planet looks less like a Marvel movie and more like tense climate negotiations… Continue reading Three big takeaways from this year’s United Nations climate conference
Tesla reportedly places massive order of next-gen self-driving chips with TSMC
Tesla has reportedly placed a massive order of chips for its next-gen Full Self-Driving (FSD) computer with Taiwan’s TSMC. The order is so large that it might make Tesla one of TSMC’s biggest customers. Back in 2016, Tesla started building a team of chip architects led by legendary chip designer Jim Keller to develop its… Continue reading Tesla reportedly places massive order of next-gen self-driving chips with TSMC
Sony and Honda might stick a PS5 in their upcoming autonomous electric car
/ The Sony Honda Mobility joint venture leaders are looking to take on Tesla’s electric vehicles — at least, on the entertainment side of things. Sony’s Vision-S concept on display at CES 2020.Photo by Sean O’Kane / The Verge Sony and Honda are mulling cramming a PS5 into their upcoming entertainment-focused electric vehicle as they… Continue reading Sony and Honda might stick a PS5 in their upcoming autonomous electric car
Sam Bankman-Fried’s Lawyers Quit Because of His “Incessant and Disruptive Tweeting”
Even his lawyers are out! Posting Through It Even as it’s engulfed in chaos by new owner Elon Musk, Twitter is still causing major problems for people — just ask Sam Bankman-Fried, the now-infamous founder of the FTX crypto exchange whose lawyers just fired him as a client because he refused to stop tweeting. As Bloomberg… Continue reading Sam Bankman-Fried’s Lawyers Quit Because of His “Incessant and Disruptive Tweeting”
Waymo’s new robotaxi is an all-electric people mover with no steering wheel
/ The Alphabet company got together with Geely’s Zeekr to build its next-generation autonomous people mover, and it’s as notable for what it’s missing (steering wheel, side-view mirrors) as for what it’s got. Waymo teamed up with Geely to debut its new purpose built autonomous taxi.Photo by Abigail Bassett for The Verge Waymo, the Alphabet-owned… Continue reading Waymo’s new robotaxi is an all-electric people mover with no steering wheel