Back in February, Faraday Future presented the production version of its FF91 electric SUV at its California plant and said it would start manufacturing its long-delayed vehicle in the third quarter of 2022. Now, according to Bloomberg, the embattled company has revealed in a filing for investors that it has to push back the EV’s… Continue reading Faraday Future delays the launch of its first electric vehicle yet again
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Chinese quantum computing startup Origin Quantum closes $148m in Series B roundThe funding was supported by some of the country’s state-backed investo…
Chinese quantum computing startup Origin Quantum has raised almost 1 billion yuan ($148.2 million) in a Series B round of financing with the support of investors including the country’s state-backed funds, the company said in a statement. The government-backed Shenzhen Capital Group’s Hotland Innovation Asset Management led the new investment. Over a dozen Chinese investment… Continue reading Chinese quantum computing startup Origin Quantum closes $148m in Series B roundThe funding was supported by some of the country’s state-backed investo…
Japanese VC firm ANRI raises $103m for fifth fund, targets $288m corpus
Tokyo-based independent venture capital firm ANRI has secured a first close of 14 billion yen ($102.6 million) for its fifth flagship fund, which has a target corpus of 40 billion yen ($288 million). Limited partners in the first close of the vehicle — ANRI Fund V — include Japan Investment Corporation, Mizuho Bank and GREE… Continue reading Japanese VC firm ANRI raises $103m for fifth fund, targets $288m corpus
Winter Capital leads Thai insurance marketplace Rabbit Care’s Series C round
Rabbit Care, a Bangkok-based online marketplace for insurance and financial products, has raised an undisclosed sum in a Series C funding round led by Winter Capital with participation from Thailand’s media conglomerate, VGI PCL, according to an announcement. Founded in 2013 and rebranded “Rabbit Finance” to “Rabbit Care” on 6 October 2021, the company provides… Continue reading Winter Capital leads Thai insurance marketplace Rabbit Care’s Series C round
Crypto exchange Coinbase faces SEC investigation over securities
The US Securities and Exchange Commission (SEC) is investigating whether Coinbase Global Inc improperly let Americans trade digital assets that should have been registered as securities, Bloomberg News reported on Monday. In an emailed response, a Coinbase spokesperson told Reuters that the company does not list securities on its platform, while its legal head Paul… Continue reading Crypto exchange Coinbase faces SEC investigation over securities
China’s Alibaba to apply for dual primary listing in Hong KongA new rule allows Chinese firms to seek dual primary listings in Hong Kong
Alibaba will apply for a primary listing in Hong Kong and keep its U.S. listing, the first big company to take advantage of a rule change allowing high-tech Chinese firms with dual class shares to seek dual primary listings in Hong Kong. The e-commerce giant’s move, announced on Tuesday, comes as both Washington and Beijing sharpen scrutiny over Chinese companies’ listings, and after a devastating regulatory crackdown in China left Alibaba with… Continue reading China’s Alibaba to apply for dual primary listing in Hong KongA new rule allows Chinese firms to seek dual primary listings in Hong Kong
China’s Alibaba said to invest over $100m in Sinar Mas Group’s Smartfren Telecom
Chinese technology giant Alibaba is set to invest in Indonesia-listed telecom operator PT Smartfren Telecom Tbk, part of the Sinar Mas Group, in a deal that could be worth over $100 million, sources told DealStreetAsia. With the potential investment, the Chinese tech major is seen to be deepening its exposure in the Indonesian market by… Continue reading China’s Alibaba said to invest over $100m in Sinar Mas Group’s Smartfren Telecom
Data Vantage: Southeast Asia’s startups report profit, new funding rounds
A dozen Singapore-registered tech startups managed to record a positive bottom line despite a challenging market environment last year, according to the latest financial filings reviewed by DealStreetAsia – DATA VANTAGE. One of them is e-commerce enabler AnyMind Group Pte Ltd. The company managed to double its revenue for the financial year ended Dec 31,… Continue reading Data Vantage: Southeast Asia’s startups report profit, new funding rounds
Clean Tecnica: Tesla Dry Lithium Cathode Production Facility Framework is Finished 002131
In the pics above, you can see the Tesla Giga Texas factory, which includes an automated 4680 battery production facility. This is the second Tesla 4680 battery factory. The first one is the prototype 4680 factory in Fremont, California. The prototype factory in California has surpassed a million 4680 cells of production. The third 4680… Continue reading Clean Tecnica: Tesla Dry Lithium Cathode Production Facility Framework is Finished 002131
Martin Shkreli Is out of Prison, so of Course He’s Getting Into Web3
Image by Drew Angerer/Getty Images Can this man not just leave us all alone? Following a too-short stint in prison for running a “Ponzi-like” securities fraud scheme, cursed “Pharma Bro” Martin Shkreli — the infamous pharmaceutical exec known for purchasing a life-saving drug and subsequently raising its price by 5,000 percent — is unfortunately back… Continue reading Martin Shkreli Is out of Prison, so of Course He’s Getting Into Web3