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
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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.
PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Private equity giant KKR is set to invest $400 million in Serentica Renewables, a Gurugram-headquartered decarbonisation platform that provides clean energy solutions for energy-intensive industries, per an announcement. Serentica, which is held by Twinstar Overseas Limited, focuses on industrial decarbonisation and makes renewables the primary source of energy for the commercial and industrial segment, which… Continue reading PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Gap to sell Greater China businesses to e-commerce firm Baozun
US apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy. Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict COVID-curbs remains uncertain amid intensifying… Continue reading Gap to sell Greater China businesses to e-commerce firm Baozun
BEENEXT leads funding in Driffle and India deals worth $84m
Digital gaming marketplace Driffle on Tuesday announced that it has raised $3.4 million in its seed funding round led by BEENEXT and other global investors, including JAFCO Asia, Taurus Ventures, Better Capital, and White Venture Capital. Renowned angel investors Kunal Shah, Maninder Gulati, Amit Damani, Archana Priyadarshani, and Arun Venkatachalam, among others, also participated in… Continue reading BEENEXT leads funding in Driffle and India deals worth $84m
Google and Renault are working on a ‘software-defined vehicle’
/ The companies will collaborate on a software platform, including the creation of a Digital Twin to test out advanced AI features virtually. Photo by Eric Piermont / AFP via Getty Images Google and the Renault Group are expanding their four-year-old partnership to include the development of an advanced software platform for future vehicles. This… Continue reading Google and Renault are working on a ‘software-defined vehicle’
Here’s why heartland states lag behind the coasts on EV adoption
Retail sales of EVs have yet to fully take off in the US heartland states, according to new analysis from S&P Global Mobility. How come? The top eight EV markets in the United States are all in coastal states, and those markets represent more than half – 50.5% – of total EV registrations in 2022.… Continue reading Here’s why heartland states lag behind the coasts on EV adoption
Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
PT Global Digital Niaga Tbk — the entity that owns e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — listed on the Indonesia Stock Exchange (IDX) on Tuesday. Shares of the company, which started trading under the ticker BELI, opened at 440 rupiah apiece, lower than the IPO price of 450 rupiah… Continue reading Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
Indonesia’s newly launched Kopital Network looks to connect angels with startup founders
An angel investor network of startup founders and executives, seeking to help new Indonesian founders with funding and expert advice, has launched in Indonesia. Called Kopital Network, the entity will function independently, James Prananto, co-founder of Kenangan Brands, the Indonesian New Retail F&B group behind Kopi Kenangan, told DealStreetAsia. While Prananto is an angel investor… Continue reading Indonesia’s newly launched Kopital Network looks to connect angels with startup founders
Data Vantage: Speedoc, Sunbird Bio, Nuevocor, Fonos and Mindtera bag funding
Digital health platform Speedoc secured $13 million in new funding from investors, including Vertex Ventures Southeast Asia & India, last week. The lead investor in the Series A2 funding was Erste WV Gütersloh GmbH, a subsidiary of German conglomerate Bertelsmann. The startup’s share price in the latest round is more than twice that in its last financing… Continue reading Data Vantage: Speedoc, Sunbird Bio, Nuevocor, Fonos and Mindtera bag funding