Motional Lyft is planning to deploy a massive driverless car fleet beginning in 2023. In anticipation of that milestone the company, which has partnered with self-driving car developer Motional, is updating its existing robotaxi service in Las Vegas with brand new all-electric models. The IONIQ-5 vehicles, developed by Motional atop a Hyundai platform, provide L4… Continue reading Lyft announces new battle plan in the autonomous vehicle race
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India: Stride Ventures hits final close of second debt fund at $200mThe fund — Stride Ventures India Fund II — reached its first close in August last …
Venture debt firm Stride Ventures, an investor in unicorns such as MyGlamm, Upstox, MensaBrands, and CredAvenue (now Yubi), on Wednesday announced that its second fund has secured a final close of $200 million. The fund — Stride Ventures India Fund II — secured its first close of Rs550 crore in August last year within two… Continue reading India: Stride Ventures hits final close of second debt fund at $200mThe fund — Stride Ventures India Fund II — reached its first close in August last …
Tencent reports first revenue drop as China clamps down on game approvalsNet profit attributable to equity holders tumbled 56% to 18.6b yuan.
China’s Tencent Holdings suffered its first-ever quarterly sales fall on Wednesday, hurt by a government clampdown on game approvals and playing time as well as COVID-19 lockdowns and a weakening economy that squeezed ad sales. The contraction marks a nadir for the gaming giant and owner of the WeChat messaging platform which has reported double-digit growth almost… Continue reading Tencent reports first revenue drop as China clamps down on game approvalsNet profit attributable to equity holders tumbled 56% to 18.6b yuan.
Canada’s OTPP to acquire Everstone’s stake in India’s Sahyadri Hospitals
Canada’s Ontario Teachers’ Pension Plan (OTPP) on Wednesday said it has entered into an agreement to acquire a significant majority stake in Sahyadri Hospitals Group from the Everstone Group, an India- and Southeast Asia-focused private equity and real estate investment firm. The acquisition marks OTPP’s first control private equity buyout in India, and fourth major… Continue reading Canada’s OTPP to acquire Everstone’s stake in India’s Sahyadri Hospitals
Singapore’s Crypto.com gets regulatory nod in the UK
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Crypto.com joined the Financial Conduct Authority’s (FCA) register, which means it has approval to offer crypto asset services and products to customers in the United Kingdom. The UK is a “strategically important market for us”, said Crypto.com CEO Kris Marszalek, citing… Continue reading Singapore’s Crypto.com gets regulatory nod in the UK
YC-Backed Pakistani startup Safepay inches closer to bagging payment service provider licence
Karachi-based fintech startup Safepay has received pilot approval from the State Bank of Pakistan (SBP), bringing it a step closer to bagging a licence to operate as a full payment service provider (PSP). The startup has also raised fresh capital and launched a Visa-backed payment gateway, Cybersource, it said in a statement. Go to Source
China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
Sequoia Capital China has launched a new accelerator programme to cultivate early-stage startups and entrepreneurs. Separately, US foodtech startup Eat Just has raised $25 million from Alibaba-backed C2 Capital Partners. Sequoia China debuts YUÈ to foster angel, Series A startups Tech investment heavyweight Sequoia Capital China has introduced a new accelerator programme to nurture China’s… Continue reading China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
India’s Exponent Energy may have found the secret to 15 min rapid EV charging
Bangalore-based Exponent Energy might have come up with a way to deliver 15-minute rapid charging for electric vehicles. The startup, which just raised a $13 million Series A, relies on a combination of its proprietary battery pack and charging infrastructure to achieve such a feat. Exponent Energy’s business model is geared towards OEMs building commercial… Continue reading India’s Exponent Energy may have found the secret to 15 min rapid EV charging
New report details sexual harassment and gender discrimination at Nintendo of America
Nintendo is famous for having a family—friendly image and game that people of all ages can enjoy. But a report by Kotaku paints the picture of a company that’s not so different from other gaming giants that had previously been accused of fostering a “frat boy” workplace culture. The publication talked to several female game… Continue reading New report details sexual harassment and gender discrimination at Nintendo of America
Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.
Viiyong, a Chinese manufacturer of multi-layer ceramic chip capacitors (MLCCs), has secured almost 2 billion yuan ($294.8 million) in its Series B, and B+ rounds of financing to advance R&D and expand production capacity. Viiyong, whose shareholders include Chinese smartphone brands Xiaomi and Oppo, plans to further invest in production facilities for its newly-built plants… Continue reading Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.