/ At least one other buyer was approached before the West acquisition and described the asking price as wildly inflated Photo by Gotham / GC Images On Monday, Kanye West, now legally known as Ye, announced that he would buy Parler, an alternative social media platform, in a surprise move that has sparked both interest… Continue reading The ugly business logic behind Kanye West’s Parler acquisition
Category: Tech News
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Turo is expanding car-sharing to Australia
Turo, the peer-to-peer car-sharing platform that’s been described as the Airbnb for cars, will expand to Australia before the end of the year, the company said Tuesday. Local car owners in all major cities, including Sydney, Perth, Melbourne and Brisbane, can join the waitlist on Turo’s website if interested. This is Turo’s second international expansion… Continue reading Turo is expanding car-sharing to Australia
Nest Doorbell wired review: Hello again
An almost worthy successor to the excellent Nest Hello, the new Nest Doorbell wired is faster, smarter, and sleeker and has better video quality. But spotty behavior on 2.4GHz networks lets it down. The Nest Doorbell wired (second-gen) is the successor to the excellent Nest Hello, which has long been one of my favorite video… Continue reading Nest Doorbell wired review: Hello again
Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
Hithium has raised over 2 billion yuan ($277.9 million) in a Series B round of financing led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as the Chinese energy storage startup gears up to expand its production capacity. Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal… Continue reading Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
India is a key market within Asia for EQT, says CEO Christian Sinding
Swedish private equity firm is “particularly excited” about investment opportunities in India as a key market within Asia, according to the firm’s CEO and managing partner Christian Sinding. During EQT’s Q3 2022 conference call on Tuesday, he said the Indian market offered excellent deal opportunities, driven by the country’s tech services and next-generation software companies.… Continue reading India is a key market within Asia for EQT, says CEO Christian Sinding
Vertex Ventures set to raise nearly $500m for China-focused fund
Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development, a senior executive said. The new fund’s size will exceed an initial target of $400 million, compared with an earlier, similar fund that… Continue reading Vertex Ventures set to raise nearly $500m for China-focused fund
Indonesia sets up $1b fund to improve access to clean water
Indonesia has launched a $1 billion fund that will invest in projects providing clean water access throughout the archipelago, according to a statement. Dubbed the Indonesia Water Fund (IWF), the government has assigned state-owned fund management firm PT Danareksa, construction company PT Nindya Karya, and water management companies Perum Jasa Tirta 1 and Perum Jasa… Continue reading Indonesia sets up $1b fund to improve access to clean water
Foxconn’s CEO hopes to one day make Tesla’s cars
/ As the iPhone assembler announces another pair of EV prototypes, its CEO talks a big talk about its plans for EV manufacturing Foxconn founder Terry Gou introduces the prototype Model B.Photo by SAM YEH/AFP via Getty Images Foxconn’s chairman and CEO Liu Young-way hopes to one day be in a position to produce electric… Continue reading Foxconn’s CEO hopes to one day make Tesla’s cars
Photoshop is making it easier to quickly edit and collaborate on projects
/ Adobe has improved AI-powered object selections and introduced new sharing and artist crediting features New features are available for Photoshop for iPad, as well as the desktop Photoshop application and Photoshop for web beta.Image: Adobe / Danner Orozco Photoshop is getting some new collaboration tools and AI capabilities to help remove some of the… Continue reading Photoshop is making it easier to quickly edit and collaborate on projects
Rolls-Royce announces the 2024 Spectre electric ‘super coupe’ with 260 miles of range
/ The Spectre is the British marque’s first electric vehicle, an ultra-luxury ‘super coupe’ with ‘indulgent proportions’ and the widest grille in Rolls-Royce history The 2024 Rolls-Royce Spectre is the automaker’s first foray into electrification.Image: Rolls-Royce Rolls-Royce revealed its first all-electric vehicle, the 2024 Spectre, an ultra-luxury coupe with an estimated 260 miles of range… Continue reading Rolls-Royce announces the 2024 Spectre electric ‘super coupe’ with 260 miles of range