iPrice Group, the Southeast Asian e-commerce aggregator platform, announced that it has laid off 20% of its staff as part of several measures to focus on its core mission “to help people save money” shopping online. The move comes three months after the company announced a $5-million investment from Japanese conglomerates Itochu Corporation and KDDI… Continue reading Malaysia’s e-commerce aggregator iPrice Group lays off 20% employees
Category: Tech News
Category Added in a WPeMatico Campaign
Jiraaf raises $7.5m from Accel, others and India deals worth $296m
Jiraaf, a platform for new-age, high-yield fixed-income investment opportunities, on Wednesday announced that it has raised $7.5 million in its Series A funding round led by Accel Partners, Mankekar Family Office, Aspire Family Office (Dr Bhaskar Shah) and other angel investors. The financing also saw participation from multiple angel investors, including Capital A, the founders of… Continue reading Jiraaf raises $7.5m from Accel, others and India deals worth $296m
Ion Storage Systems Closes $30M Series A Funding
Ion Storage Systems, a Beltsville, MD-based company that manufactures high energy density, solid state lithium metal batteries, raised $30M in Series A funding. The round was led by Toyota Ventures, Tenaska, Bangchak Corporation, GAINTECH Capital, Alumni Ventures Group, Z2Sixty Ventures, Climate Capital, and the University of Maryland Discovery Fund. The company intends to use the funds to… Continue reading Ion Storage Systems Closes $30M Series A Funding
The tangled truth about NFTs and copyright
A long-running meme at The Verge is that copyright law is the only functional law on the internet — the entire internet is just made of copies, after all, so copyright law has become the go-to mechanism for everything from fighting harassment to stopping leaks. Confusion about how copyright law works is everywhere — and… Continue reading The tangled truth about NFTs and copyright
The ZTE Axon 40 Ultra’s under display camera gets the display part right
To grossly oversimplify it, there are two challenges behind making an under-display camera (UDC): to convincingly hide the camera under the screen, and to produce images that look as good as traditional selfie cameras. With its third-gen UDC on the Axon 40 Ultra, ZTE has nailed the “hide the camera” part of that challenge. As… Continue reading The ZTE Axon 40 Ultra’s under display camera gets the display part right
BYD says it is about to start supplying Tesla (TSLA) with battery cells
A BYD executive revealed that the Chinese company is about to start supplying Tesla with battery cells. In a new interview on a state-owned media channel in China this week, Lian Yubo, executive vice president and president of BYD’s automotive engineering research institute, was asked if he sees Tesla as competition. He responded (via cnevpost):… Continue reading BYD says it is about to start supplying Tesla (TSLA) with battery cells
PH mezzanine investor ARQCapital eyes final close of $28m fund next year …
Philippine-based mezzanine investor ARQCapital Partners is confident of hitting the final close of its 1.5-billion-pesos ($28 million) fund next year to invest in up to 50 high-growth medium enterprises (MEs) in the country. ARQ founding partner and CEO Edmund Solilapsi said in an online news briefing on Wednesday that the firm has already raised a… Continue reading PH mezzanine investor ARQCapital eyes final close of $28m fund next year …
Emtek increases stake in Bukalapak via digital arm for $15.8m
The Indonesian media and tech conglomerate PT Elang Mahkota Teknologi Tbk (popularly known as Emtek) has increased its stake in the online marketplace Bukalapak through its digital arm for around 229 billion rupiah, according to a regulatory filing on Wednesday. The move is part of Emtek’s bid to strengthen support for the all-commerce industry, which… Continue reading Emtek increases stake in Bukalapak via digital arm for $15.8m
SEA Digest: Grab launches mapping service; Appota raises new funding; Finhay acquires Vina Securities
Southeast Asia’s super-app Grab Holdings launched GrabMaps, a new enterprise service, on Wednesday. Vietnam’s digital entertainment content provider Appota Group has raised an undisclosed amount in an investment led by Mirae Asset Venture Investment while robo-advisor Finhay has completed the acquisition of securities company Vina Securities. Grab launches GrabMaps Southeast Asia’s super app Grab Holdings… Continue reading SEA Digest: Grab launches mapping service; Appota raises new funding; Finhay acquires Vina Securities
Chinese self-driving solutions developer MINIEYE raises $120m
MINIEYE, a Chinese developer of visual sensing solutions for intelligent and autonomous driving vehicles, has raised 800 million yuan ($120 million) across three tranches of its Series D funding round to accelerate the R&D and commercialisation of advanced self-driving products. Shenzhen-based MINIEYE announced earlier this week the completion of the final tranche led by Cathay… Continue reading Chinese self-driving solutions developer MINIEYE raises $120m