Malaysia Venture Capital Management Berhad (MAVCAP) has appointed a new chief operating officer (CIO) and chief investment officer (COO), according to a statement on Monday. The Malaysian government-backed venture capital firm announced Noor Amy Ismail as COO and Paramjit Singh Gill as CIO, effective August 1 2022. “As the largest venture capital (VC) firm in… Continue reading Malaysian govt-backed MAVCAP appoints new CIO and COO
Category: Tech News
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Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his… Continue reading Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
Vantage Point: Lazada’s entry as a shareholder could be a game changer for DANA
This weekly newsletter highlights top developments and trends across Southeast Asia’s digital economy and ecosystem, without losing sight of the solid links between the online and offline worlds. Executive Summary The game has changed for DANA Gains from GoTo is a welcome bonus for Astra GoTo: The synergistic journey continues Bank Raya and the march… Continue reading Vantage Point: Lazada’s entry as a shareholder could be a game changer for DANA
Malaysian stock exchange to launch voluntary carbon market by year-end
Malaysia’s stock exchange on Monday said it will launch a voluntary carbon market (VCM) by the year‘s end, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions. The new exchange will encourage investments in high-quality offsetting projects, Bursa Malaysia chief executive Muhamad Umar Swift said in a statement, which can include projects like planting trees or switching to… Continue reading Malaysian stock exchange to launch voluntary carbon market by year-end
Australian aerial imagery firm Nearmap gets $755m takeover offer from Thoma Bravo
Australia’s Nearmap Ltd disclosed on Monday a $754.6 million non-binding takeover proposal from Thoma Bravo and said it had granted due diligence to the private equity firm, sending shares of the aerial imagery company higher by more than 30%. The A$2.10-per-share cash proposal received last month represented a premium of nearly 39% to the stock’s Friday close.… Continue reading Australian aerial imagery firm Nearmap gets $755m takeover offer from Thoma Bravo
Indonesian MSME enabler Majoo raises $10m in Series A fundingAC Ventures, Quona Capital, BRI Ventures, and Xendit participated in the round.
Majoo, an Indonesian micro, small, and medium enterprises (MSMEs) enabler, has bagged $10 million in a Series A funding round led by an undisclosed global tech investor. AC Ventures, Quona Capital, BRI Ventures, and Xendit participated in the round. The startup will utilise the fresh capital to add more strategic partnerships, as well as expand… Continue reading Indonesian MSME enabler Majoo raises $10m in Series A fundingAC Ventures, Quona Capital, BRI Ventures, and Xendit participated in the round.
Cleantechnica: German Court Overrules “Tesla Autopilot” Marketing Ban 002180
Tesla Autopilot in use in Germany. Photo by Zach Shahan | CleanTechnica. The short news update on a case that extends back to 2019 is that an appeals court has overturned a regional court ruling from 2019 that determined Tesla could not use the term “Autopilot” on its website and in other marketing materials in… Continue reading Cleantechnica: German Court Overrules “Tesla Autopilot” Marketing Ban 002180
Clean Technica: New Tesla LFP Megapack Is Big — Really Big! (With Video)002179
The internet is a strange and mysterious place. Once upon a time, if a company had a new product, it would issue a press release and trumpet the news to the heavens and beyond. Tesla, as we all know, does things differently. It shuns sharing any news beyond what is incorporated into a tweet by… Continue reading Clean Technica: New Tesla LFP Megapack Is Big — Really Big! (With Video)002179
At Least 50 Dead in Seasonal Sudan Flooding
And it gets worse. Death Toll Yesterday, Bloomberg reported that at least 50 people have died in Sudan because of severe seasonal flooding, and the worst may not yet be over. The water has also damaged at least 8,170 homes, and the business pub reported that the UN Office for the Coordination of Humanitarian Affairs… Continue reading At Least 50 Dead in Seasonal Sudan Flooding
‘Rogue One’ will return to IMAX theaters before the Disney+ debut of ‘Andor’
Ahead of Andor’s debut on September 21st, Disney will bring Rogue One: A Star Wars Story back to theaters. The 2016 film will return to IMAX screens in the US on August 26th, along with an “exclusive look” at the upcoming Disney+ series. Details on the preview are sparse, but it’s likely to expand on… Continue reading ‘Rogue One’ will return to IMAX theaters before the Disney+ debut of ‘Andor’