Category: Tech News

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Philippines’ electric grid operator files for IPO to raise up to $571.4m

Philippines’ Synergy Grid & Development Phils. Inc, majority owner of the country’s electricity grid operator, has applied for an initial public offering (IPO), the corporate regulator said in a statement on Tuesday. Synergy Grid is planning to sell as many as 1.154 billion shares, including the over-allotment option, at 15 to 25 pesos ($0.30 to $0.49) each, allowing the IPO to raise… Continue reading Philippines’ electric grid operator files for IPO to raise up to $571.4m

GIC acquires over 5% in event management firm Eventbrite

Singapore sovereign wealth fund GIC has acquired a 5.05% stake in US-based event management and ticketing website Eventbrite, a filing with the Securities and Exchange Commission showed. As part of the transaction, GIC picked up a total of about 3.81 million shares. Around 3.74 million of those shares have sole voting power, while 75,000 of… Continue reading GIC acquires over 5% in event management firm Eventbrite

Astro teams up with Timbuk2 to build the ultimate gamer bags

As someone who regularly attends conventions like PAX, I know the importance of a good bag for your gaming gear. You need something that can snugly hold your Nintendo Switch, controllers and headsets while also making room for all their cables and plugs. I’ve tried various solutions over the years but nothing’s ever really hit… Continue reading Astro teams up with Timbuk2 to build the ultimate gamer bags

Activision drops ‘Call of Duty: Vanguard’ teaser ahead of official reveal

Images for the next Call of Duty game have recently surfaced online, giving us a glimpse of what to expect for the future of the franchise. Now, Activision has released a teaser trailer for the upcoming installment called Call of Duty: Vanguard, featuring elements clearly indicating that the game is set during World War II.… Continue reading Activision drops ‘Call of Duty: Vanguard’ teaser ahead of official reveal

Goldman Sachs, Primavera lead $108m round in Chinese medical AI startup Shukun …

Shukun, a Chinese startup that uses AI to power medical imaging diagnosis, has secured 700 million yuan (about $108 million) in a new funding round from a group of investors led by Goldman Sachs and Primavera Capital Group, the firm announced on Monday. The new financing, which was closed by the end of July, also… Continue reading Goldman Sachs, Primavera lead $108m round in Chinese medical AI startup Shukun …

China issues draft rules banning unfair competition in internet sector

Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country’s powerful tech companies. China has been tightening its grip on internet platforms, citing the risk of abusing market power to stifle competition,… Continue reading China issues draft rules banning unfair competition in internet sector

Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator

Singapore-based transport operator ComfortDelGro is looking to list its Australian business while Kydon Group has launched fund to address skill-gap among workers. Meanwhile, Vietnamese VC firm Next100 has launched its accelerator.  ComfortDelGro to list Australian arm Singapore-based transport operator ComfortDelGro is looking to list its Australian business, ComfortDelGro Corporation Australia, on the Australian Securities Exchange,… Continue reading Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator

Machinery Partner Raises $4.5M in Seed Funding

Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding. The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as… Continue reading Machinery Partner Raises $4.5M in Seed Funding