Category: Tech News

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Australia embarks on stocktake of crypto holdings ahead of sector regulation

Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 trillion sector. Treasurer Jim Chalmers said that his department would undertake “token mapping”, or cataloging the types and uses of digital currency owned within the country, as a… Continue reading Australia embarks on stocktake of crypto holdings ahead of sector regulation

CVC in talks to sell stake in top Indonesian snacks maker GarudaFood

Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters. CVC has engaged a financial adviser for the negotiations, said the sources. One of the sources said the talks were still at an early stage, and another source said a deal could fetch as much as $300… Continue reading CVC in talks to sell stake in top Indonesian snacks maker GarudaFood

Gulf buy now, pay later firm Tamara says it raised $100 million

Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and introduce new services and products. It did… Continue reading Gulf buy now, pay later firm Tamara says it raised $100 million

China’s Winreal Investment holds first close of new RMB fund at nearly $150m

China’s Winreal Investment has held the first closing of a new RMB-denominated fund at 1.3 billion yuan ($149.5 million) as the investment company targets a hard cap of no more than 2 billion yuan ($293 million) to invest in 5G development. As the second of its 5G fund series, Winreal already completed the business registration… Continue reading China’s Winreal Investment holds first close of new RMB fund at nearly $150m

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its IPO price of 28,000 won ($21.10) in the initial minutes of the debut, before tumbling to 26,300 won and giving the firm… Continue reading SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

Human drivers in UK won’t be liable for accidents when vehicle is self-driving

Manufacturers operating self-driving vehicles in the UK will be liable for a vehicle’s actions when in autonomous mode, according to the country’s new roadmap to achieve a widespread rollout of self-driving vehicles by 2025. The British government unveiled the roadmap over the weekend, announcing $119 million in funding for AV projects and an additional $41… Continue reading Human drivers in UK won’t be liable for accidents when vehicle is self-driving

Chinese medical device maker Jinjiang Electron closes $103m from Hillhouse & othersIt raised the new funding from three transactions, including its Se…

Jinjiang Electron, a Chinese developer of cardiac electrophysiology devices, has collected over 700 million yuan ($102.6 million) of new financing from investors, including private equity (PE) major Hillhouse Capital Group, the startup announced on Monday. The Chengdu-based company, whose cardiology specialty equipment is used in the diagnosis and treatment of cardiac arrhythmias, raised the new… Continue reading Chinese medical device maker Jinjiang Electron closes $103m from Hillhouse & othersIt raised the new funding from three transactions, including its Se…

India Digest: PharmEasy withdraws IPO plans, Koye Pharma hires banker for fresh fundraisePharmEasy is now planning to raise funds from existing shareh…

Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus (DRHP) it filed for its initial public offering (IPO) while Koye Pharmaceuticals has hired investment bank o3 Capital for a fresh fundraise. PharmEasy recalls draft IPO papers Indian drug and medical services startup PharmEasy has withdrawn the draft red herring prospectus… Continue reading India Digest: PharmEasy withdraws IPO plans, Koye Pharma hires banker for fresh fundraisePharmEasy is now planning to raise funds from existing shareh…

Sumitomo Mitsui Financial Group may bid for Indonesia’s Panin Bank, report says

Japan’s Sumitomo Mitsui Financial Group (SMFG) is reportedly considering a bid for Jakarta-based lender PT Bank Pan Indonesia, better known as Panin Bank, Bloomberg reported on Monday, citing people familiar with the matter. The Tokyo-based firm is competing against other potential buyers, including Mitsubishi UFJ Financial Group Inc (MUFG), to acquire a controlling stake in… Continue reading Sumitomo Mitsui Financial Group may bid for Indonesia’s Panin Bank, report says