Emerging markets-focused venture capital firm Quona Capital has secured capital commitments worth $308 million so far for its third fund, according to the firm’s latest filings with the US Securities and Exchange Commission. The fundraising only reflects the amount raised from US investors. Go to Source
Category: Tech News
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China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
Green energy solutions provider Qiyuan Green Power and battery material supplier Jayson New Energy Technology have each raised 1 billion yuan ($147 million) to fuel their market expansion. China’s SPIC-backed green energy firm Qiyuan raises $147m Series A Qiyuan Green Power, a green energy solutions provider affiliated with China’s state-owned electricity supplier State Power Investment… Continue reading China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches the West, it generates fear-mongering headlines like “China heat wave shuts Tesla suppliers” which have likely rattled investors (because Tesla is all we care… Continue reading Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Dodge revealed Wednesday an EV concept that looks — and even sounds — like the gas-powered Charger muscle car that will be discontinued next year. The two-door Dodge Charger Daytona SRT Concept — the Daytona name a nod to its gas-powered ancestor’s 200 mph NASCAR track milestone — is not just a design exercise, according… Continue reading Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Netflix with ads might not come with offline viewing
Netflix’s upcoming ad-supported tier might not be the best streaming option for commuters and other viewers who frequently watch on the go. Developer Steve Moser has discovered text within the code of the service’s iPhone app that says “Downloads available on all plans except Netflix with ads.” If viewers can’t download content to their devices… Continue reading Netflix with ads might not come with offline viewing
SGX posts record revenue, profit inches up on higher derivatives volumesIt said total revenue increased 4% to a record S$1.10b
Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator’s push towards its derivatives product offerings amid a weak securities market. Higher derivatives volumes for equities, currencies and commodities helped offset a weaker showing from cash equities and treasuries. SGX‘s revenue from fixed income, currencies and commodities (FICC) increased 19% to S$252.7 million ($182.92… Continue reading SGX posts record revenue, profit inches up on higher derivatives volumesIt said total revenue increased 4% to a record S$1.10b
After banks crak down on WhatsApp, asset managers tighten rules for employeesRegulators have already begun to clamp down on the use of unauthorised me…
Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools to discuss potentially market-moving matters, but the issue gathered urgency when the pandemic… Continue reading After banks crak down on WhatsApp, asset managers tighten rules for employeesRegulators have already begun to clamp down on the use of unauthorised me…
South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
South Korean tech conglomerate Kakao Corp said on Thursday it is no longer exploring plans to sell about 10% of unit Kakao Mobility after objections from unionised employees and other stakeholders. Kakao holds a 57.6% stake in Kakao Mobility, whose app Kakao T offers South Korea’s most popular taxi-hailing service with 31 million registered users. It had been looking at a possible share sale… Continue reading South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
Singapore-headquartered payment startup FOMO Pay has announced that it raised $13 million in its Series A funding round anchored by Jump Crypto, the crypto arm of high-frequency trading firm Jump Trading Group. HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital also participated in the funding round, which will help FOMO Pay invest in… Continue reading Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
TikTok to clamp down on paid political posts ahead of US midterm elections
TikTok will work to prevent content creators from posting paid political messages on the short-form video app, as part of its preparation for the US midterm election in November, the company said on Wednesday. Critics and lawmakers accuse TikTok and rival social media companies, including Meta Platforms and Twitter, of doing too little to stop political misinformation and divisive content from spreading on… Continue reading TikTok to clamp down on paid political posts ahead of US midterm elections