Alibaba Group Holding Ltd on Monday said it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was placed on a delisting watchlist by US authorities. Alibaba stock was down 4.5% in a near-flat Hong Kong market in early trade, following its 11.1% decline in New York on Friday. The company on Friday became the latest of… Continue reading China’s Alibaba strives to keep NYSE listing as SEC puts it on watchlist
Category: Tech News
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Clean Technica: Tesla Reveals Its Q2 Capital Expenditures & Expectations Moving Forward002144
Tesla has revealed that it focused intensely on its Gigafactories during the second quarter of 2022 — to the tune of about $1 billion in capital expenditures. The announcement came in a Securities and Exchange Commission (SEC) filing. Tesla intends to continue to accentuate its battery development, among other projects, to solidify its corporate plan… Continue reading Clean Technica: Tesla Reveals Its Q2 Capital Expenditures & Expectations Moving Forward002144
Cleantechnica: Is The Tesla Model Y The World’s Best Selling Vehicle Right Now?002143
My answer is “maybe,” depending on how you measure sales and how last year’s leaders’ sales have increased or decreased. Since sales figures lag 3 to 6 months, we won’t know for sure until next year, but I’ll present the evidence I found and you can judge for yourself. The method I used is I… Continue reading Cleantechnica: Is The Tesla Model Y The World’s Best Selling Vehicle Right Now?002143
GM’s Robotaxis Are Losing a Fortune
It’s bleeding $5 million every single day. Bruising Cruise The numbers on General Motors’ Cruise project are looking pretty dark. On Wednesday, InsideEVs reported that the company’s robotaxi unit is losing $5 million every day, for a total of about $5 billion since 2018. GM began charging for select rides in the driverless vehicles in… Continue reading GM’s Robotaxis Are Losing a Fortune
New York Declares State of Emergency As Monkeypox Infections Increase
Image by Getty / Futurism New York Governor Kathy Hochul declared a state of emergency Friday as monkeypox infection rates rise. Hochul said it will run through August 28, and that she hopes to increase vaccine availability. “This executive order enables us to respond more swiftly, and allows health care professionals to take additional steps… Continue reading New York Declares State of Emergency As Monkeypox Infections Increase
Cellular service is coming to New York’s subway tunnels, but it’s going to take a while
Cellular service is coming to New York’s subway tunnels. This week, the Metropolitan Transportation Authority announced it was embarking on a 10-year project to wire all 418 miles of underground track underneath the city with wireless connectivity. Transit Wireless will build the necessary infrastructure and foot the resulting $600 million bill as part of an… Continue reading Cellular service is coming to New York’s subway tunnels, but it’s going to take a while
Star Trek actress Nichelle Nichols has died
Actress Nichelle Nichols, best known for her role as Nyota Uhura in Star Trek: The Original Series, has died. Nichols’ son Kyle Johnson shared the news on Sunday. “I regret to inform you that a great light in the firmament no longer shines for us as it has for so many years,” he wrote on… Continue reading Star Trek actress Nichelle Nichols has died
Debris from an out-of-control Chinese rocket fell over the Indian Ocean
After carrying the latest piece of the country’s Tiangong space station to orbit on July 24th, a Chinese Long March 5B rocket reentered Earth’s atmosphere on Saturday, creating a dazzling (albeit somewhat unsettling) display as it crashed down in the Indian Ocean. A Twitter user named Nazri Sulaiman captured a 27-second clip of the rocket’s… Continue reading Debris from an out-of-control Chinese rocket fell over the Indian Ocean
The LP View: Firms need a path to profitability even if it means slower growth, says Capria Ventures“Ho Chi Minh City is emerging as a major startup t…
Lured by the region’s growth potential, US-based fund-of-funds Capria Ventures says it will soon announce some direct investments in Southeast Asia. So far, Capria Ventures has been investing in Asia in partnership with local venture capital firms. Most recently, it invested in AVV Alpha, the debut fund of venture capital firm Ascend Vietnam Ventures, which… Continue reading The LP View: Firms need a path to profitability even if it means slower growth, says Capria Ventures“Ho Chi Minh City is emerging as a major startup t…
A new set of founders will emerge in Indonesia amid funding winter: Vertex Ventures
The next generation of Indonesian startup founders, who have honed the skills required to operate in the archipelago from their stints at top unicorns, will emerge in the country amid the ongoing global funding winter, said Joshua Agusta, a senior executive at Vertex Ventures Southeast Asia and India. Agusta, who joined as an executive director… Continue reading A new set of founders will emerge in Indonesia amid funding winter: Vertex Ventures