Indonesian courier startup J&T Express is in talks with investors to raise more than $2 billion ahead of a Hong Kong initial public offering (IPO), and is looking to expand in Latin America, three people with knowledge of the matter told Reuters. The logistics firm is seeking to hit a $20 billion valuation with the… Continue reading Indonesian startup J&T Express said to seek over $2b in pre-IPO round
Category: Tech News
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Eight things Apple could do to prove it actually cares about App Store users
When you spend money in Apple’s App Store, the company generally takes a 30 percent cut — one that adds up to an estimated $19 billion per year. Apple’s currently in the fight of its life to prove to judges, government regulators, and its own developers that it deserves those dollars, but not everyone’s buying… Continue reading Eight things Apple could do to prove it actually cares about App Store users
Elon Musk: ‘This is craziest month of deliveries Tesla (TSLA) will ever have’
Elon Musk told Tesla (TSLA) employees that “this is the craziest month of deliveries Tesla will ever have.” The CEO stated that Tesla is again trying to stop its draining end-of-quarter delivery pushes, but he expects a big one this quarter. Tesla has been known to have intense end-of-quarter delivery pushes due to its distribution… Continue reading Elon Musk: ‘This is craziest month of deliveries Tesla (TSLA) will ever have’
Singapore Exchange’s SPAC rules seen giving market much-needed boost …
Singapore Exchange’s new rules for special purpose acquisition companies (SPACs) are likely to help it attract regional funds and fast-growing firms, as it seeks to revitalise a staid market for equity listings, market participants said. Some of them expect Southeast Asian startups, especially from the tech sector, to take advantage of SGX becoming the first… Continue reading Singapore Exchange’s SPAC rules seen giving market much-needed boost …
China’s XSKY secures $110m in Series E round led by Boyu Capital …
XSKY (Beijing) Data Technology on Friday announced that it has secured as much as 710 million yuan ($110 million) in a Series E round of financing led by Chin-focused private equity firm Boyu Capital. A slew of new investors including Lenovo Group’s corporate venture capital arm Legend Capital, CICC Capital’s investment unit CICC Alpha, Kunlun… Continue reading China’s XSKY secures $110m in Series E round led by Boyu Capital …
People Digest: Sazaliza becomes EPF COO; QIC names Allison Hill as CIO
Malaysia’s Employees Provident Fund (EPF) has announced the appointment of Sazaliza Zainuddin as its chief operating officer while Brisbane-based investment company QIC has named Allison Hill as its chief investment officer. EPF names Sazaliza Zainuddin new COO Malaysian pension fund Employees Provident Fund (EPF) has named Sazaliza Zainuddin as its COO, effective September 1, following… Continue reading People Digest: Sazaliza becomes EPF COO; QIC names Allison Hill as CIO
Korean buyout firm VIG Partners sells 10% stake in Preed Life for $43m
Korean buyout firm VIG Partners on Friday announced that it has sold a 10% stake in Preed Life, a domestic pre-need funeral service provider, to Mastern Partners, the private equity arm of real estate asset manager Master Investment Management. Mastern acquired the minority stake for 50 billion won ($43 million), just 15 months after VIG… Continue reading Korean buyout firm VIG Partners sells 10% stake in Preed Life for $43m
Shunwei backs Ultron Photonics and 13 more deal updates from Greater China
ResearchPremium Hangzhou-headquartered laser technology firm Ultron Photonics Inc has raised nearly 100 million yuan ($15 million) in its Series A round of financing led by Xiaomi’s Shunwei Capital. The Series A round funding was joined by Qitang Changhou Investment, a joint fund by state-owned Beijing E-town International Investment & Development and display control solutions provider… Continue reading Shunwei backs Ultron Photonics and 13 more deal updates from Greater China
Loot is a viral social network that looks like nothing you’ve ever seen
Today, let’s talk about the latest project from a co-founder of Vine and what it tells us about how the tech industry is evolving. This is a rare tech story where basically every fact of it has surprised me on some level. And while some of the ideas here are way out there — to… Continue reading Loot is a viral social network that looks like nothing you’ve ever seen
DoorDash workers protest outside CEO Tony Xu’s home demanding better pay, tip transparency and PPE
California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California Superior Court Judge ruling calling 2020’s Proposition 22 unconstitutional. Prop 22, which was passed last November in California, would allow app-based companies like DoorDash, Uber and Lyft to continue classifying workers as independent contractors rather… Continue reading DoorDash workers protest outside CEO Tony Xu’s home demanding better pay, tip transparency and PPE