The world’s wealthiest families put more money into private equity than in traditional asset classes like fixed income and stocks in 2021 as they sought to boost investment returns, an annual report by Swiss bank UBS UBSG.S shows. Private equity posted stellar returns last year as trillions of dollars in pandemic-related stimulus prompted a record surge in… Continue reading World’s richest families increased exposure to private equity in 2021: UBS report …
Category: Tech News
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Didi pursues EV stake as it emerges from regulatory shadows
China’s Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer’s regulatory troubles are in the rear view mirror as it focuses on growth. The deal, if completed, would accelerate Didi Global Inc’s strategic expansion in the world’s largest EV market and help cushion the impact of… Continue reading Didi pursues EV stake as it emerges from regulatory shadows
After lockdown, Shanghai tries to mend fences with foreign firms
Shanghai officials are seeking to revive confidence among multinational companies bruised and frustrated by the city’s COVID-19 lockdown by holding multiple meetings with foreign firms and easing a key border requirement for overseas workers. The image of China’s most cosmopolitan city and its biggest business hub was badly damaged by the two-month lockdown, with countless expatriates… Continue reading After lockdown, Shanghai tries to mend fences with foreign firms
US data security firm Immuta valued at $1b after latest funding led by NightDragon
Data security firm Immuta said on Wednesday it was valued at $1 billion after a $100 million late-stage funding round led by venture capital firm NightDragon. Cyber security companies, such as Immuta, Axonius and Securonix, have attracted investor interest recently due to strong demand for their services as businesses adopt a hybrid work model globally due to the… Continue reading US data security firm Immuta valued at $1b after latest funding led by NightDragon
Philippine tycoon to build world’s largest solar power facility
Philippine billionaire Enrique Razon’s infrastructure investment arm said on Wednesday it plans to construct what will be the world’s largest solar power facility, joining a growing number of local companies embracing the development of renewables. Unlisted Prime Infrastructure Holdings Inc said the facility will have a capacity of 2,500-3,500 megawatts combined with a 4,000MWh to 4,500MWh… Continue reading Philippine tycoon to build world’s largest solar power facility
New report examines Africa’s growth in the digital economy and VC investment landscape
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.” It highlights important events in the continent’s tech ecosystem until this point, compares its journey with other emerging markets and provides… Continue reading New report examines Africa’s growth in the digital economy and VC investment landscape
GM offers more glimpses of the electric Cadillac Celestiq show car
General Motors released some more images of the Cadillac Celestiq show car, and as you can see, we’re still only getting the bare minimum here. The Celestiq, which is expected to be the next all-electric luxury vehicle from Cadillac, “represents the purest expression of Cadillac design, technology and performance,” the automaker says. And here’s a… Continue reading GM offers more glimpses of the electric Cadillac Celestiq show car
Woman Arrested for Murdering Boyfriend After Tracking Him With Apple AirTag
A grim saga. Tag You’re It An Indiana woman allegedly told someone that she used an Apple AirTag to stalk a man and kill him because he was cheating on her — drawing attention, once again, to the alarming role the gadgets have come to play in domestic violence. As the Indianapolis Star reports, the… Continue reading Woman Arrested for Murdering Boyfriend After Tracking Him With Apple AirTag
Asia Digest: LUCA Science raises $30m; Solana launches $100m fund …
Japanese biopharma producer LUCA Science has raised a ¥3.86-billion ($30.3 million) oversubscribed Series B financing round while Solana Ventures and the Solana Foundation have formed a $100-million fund. LUCA Science raises $30.3m Japan’s LUCA Science has raised ¥3.86 billion ($30.3 million) in an oversubscribed Series B financing round co-led by DCI Partners, 4BIO Capital and… Continue reading Asia Digest: LUCA Science raises $30m; Solana launches $100m fund …
HSBC shuts down Hong Kong-based trade startup Serai
A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered bank said on Wednesday. Serai, a wholly-owned subsidiary of Europe’s biggest bank, that connected small-and-medium-sized apparel makers with component suppliers worldwide, was HSBC‘s first investment in a non-banking tech startup.… Continue reading HSBC shuts down Hong Kong-based trade startup Serai