Category: Tech News

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GOP attorneys general warn Google not to suppress anti-abortion centers in search results

Seventeen Republican attorneys general have urged Google not to limit the appearance of anti-abortion centers in search results. They made the demand a month after Democratic lawmakers asked the company to refrain from directing people who are looking up information on pregnancy terminations to such centers. The Republican AGs suggested that if Google obliges the… Continue reading GOP attorneys general warn Google not to suppress anti-abortion centers in search results

Tencent lays off staff at NFT unit as Chinese regulators step up scrutinyHuanhe has only been operating since August 2021.

Tencent Holdings Ltd. is laying off staff at its non-fungible token (NFT) purchase and collection platform Huanhe, sources close to the Chinese internet giant told Caixin, amid intensified regulatory scrutiny over transactions in the tokens that aim to provide proof of ownership of digital assets such as works of art. Huanhe, which has only been… Continue reading Tencent lays off staff at NFT unit as Chinese regulators step up scrutinyHuanhe has only been operating since August 2021.

Losses narrow for Vietnam’s e-commerce players, but profitability remains far off

The recent financials of e-commerce marketplaces in Vietnam show that these players have knuckled down to reduce their losses despite being in a sector that has become infamous for high cash burns. DealStreetAsia analysed the financial statements of four e-commerce companies in the country — Tiki, Sendo, Sea Limited’s Shopee, and Alibaba-backed Lazada. Go to… Continue reading Losses narrow for Vietnam’s e-commerce players, but profitability remains far off

Beating the pandemic blues, SG travel startup RedDoorz looks to break even in core markets by Oct

Circa 2019. Hotel-booking startup RedDoorz had just raised $70 million in a Series C funding round in July, less than five months after closing its $45-million Series B round. The company was growing 4-5 times year-on-year in occupied room nights, with occupancy levels averaging 65-70% across some 1,500 hotels in Southeast Asia. But then the… Continue reading Beating the pandemic blues, SG travel startup RedDoorz looks to break even in core markets by Oct

LGT Capital hits final close of third co-investment fund at $2b

Swiss alternative investment firm LGT Capital Partners has announced that it has raised $2 billion for its third co-investment fund that will opportunistically invest in the Asia Pacific region. The fund, Crown Co-investment Opportunities III (CCO III), exceeded a $1.5 billion target and attracted more than 60 institutional investors, including pension funds, insurance firms, endowments,… Continue reading LGT Capital hits final close of third co-investment fund at $2b

Singapore Exchange, NYSE join hands for dual listings, ETFs, ESG products

Singapore Exchange Ltd (SGX) said on Friday it will team up with the New York Stock Exchange for dual listing of companies on both the bourses, allowing investors to tap overseas investment opportunities on the two major exchanges. The two stock exchanges will also explore development of more exchange-traded funds products (ETFs), new environmental-social-corporate governance… Continue reading Singapore Exchange, NYSE join hands for dual listings, ETFs, ESG products

Mexican region gives Tesla and its suppliers a dedicated border crossing lane

Tesla suppliers traveling from Nuevo León, Mexico, to Texas now have their very own dedicated border patrol lane. Elon Musk’s electric car company, which recently relocated its headquarters from Fremont, California, to Austin, has struck a deal with the “pro-business” Mexican state to allow express access for Tesla and its suppliers at the Colombia Solidarity… Continue reading Mexican region gives Tesla and its suppliers a dedicated border crossing lane

AeroVanti Air Club wants to disrupt private aviation with its sleek turboprops

Chartering a private plane is never going to be cheap, no matter how many startups have promised to make it more affordable over the years. But that doesn’t mean it can’t become cheaper. AeroVanti Air Club, which is announcing a $9.75 million Series A fundraising round led by Network1 Financial Securities, is betting on the… Continue reading AeroVanti Air Club wants to disrupt private aviation with its sleek turboprops

Tesla’s energy division achieves record quarter for everything except solar roof

Tesla’s energy division, Tesla Energy, has achieved a record quarter on many levels, but the company didn’t have a word for its problematic solar roof product. Yesterday, Tesla (TSLA) released its Q2 2022 financial results, and it beat Wall Street expectations. One of the highlights of Tesla’s earnings is the results of the company’s energy… Continue reading Tesla’s energy division achieves record quarter for everything except solar roof