While cryptocurrency has almost reached a saturation point in other parts of the world, it remains a blue ocean in the Philippines, which perhaps explains the growing investor interest in the local industry, Jack Ponce-Enrile, co-founder and chairman of local tech investor First Shoshin Holdings Corporation, told DealStreetAsia in an exclusive interaction. “While we are one… Continue reading Cryptocurrency is a blue ocean in the Philippines, says First Shoshin’s EnrileFirst Shoshin invests in digital consumer services and blockchain techno…
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Indonesian quick commerce startup Radius said to be in talks to raise up to $10m
Quick commerce startup Radius, which operates in areas outside Jakarta in Indonesia’s Java island, is finalising an up to $10 million seed round. Existing investor Insignia Ventures Partners may top up in the round, while Radius is also likely in talks to rope in US venture capital firm Kleiner Perkins as a new investor, two… Continue reading Indonesian quick commerce startup Radius said to be in talks to raise up to $10m
Insurers Taiwan Life and Cathay Life commit capital to new PE, VC funds
Taiwan Life has committed 600 million New Taiwan Dollars ($20 million) to the latest venture capital vehicle of local VC firm Taiwania Capital, the insurer said in a regulatory filing. The fund, Taiwania Capital Buffalo Fund VI, targets to raise as much as $200 million, according to a separate presentation by the VC firm. Go… Continue reading Insurers Taiwan Life and Cathay Life commit capital to new PE, VC funds
Investors mull forensic audit of shuttered Pak delivery startup Airlift
At least one group of investors is mulling conducting a forensic audit of Airlift — the Pakistan-based, last-mile delivery startup that abruptly folded up on July 12. DealStreetAsia has learned that investors and stakeholders of the company believe the decision to completely shut down — announced on the third day of Eid, a three-day religious… Continue reading Investors mull forensic audit of shuttered Pak delivery startup Airlift
Singapore central bank set to formulate tighter rules for crypto companies
Singapore is set to get tougher on cryptocurrency companies in the coming months, as the central bank plans to start talking with industry players by September or October with a view to drawing up tighter regulations for the emerging sector. The Monetary Authority of Singapore’s Managing Director Ravi Menon signalled this on Tuesday with the… Continue reading Singapore central bank set to formulate tighter rules for crypto companies
Volkswagen names a new CEO to run its electric truck and SUV spinoff Scout
The electric rebirth of Scout, the classic off-road SUV brand, is getting real this week as Volkswagen names Scott Keogh as CEO of its new spinoff company. The former head of VW Group America, as initially reported by Axios, pushed for VW to start a new electric truck line after seeing a fully restored vintage… Continue reading Volkswagen names a new CEO to run its electric truck and SUV spinoff Scout
Toyota partners to build affordable commercial electric vans, light-duty trucks
Toyota is partnering with Suzuki Motor Corporation, Daihatsu Motor Co. and Commercial Japan Partnership Technologies (CJPT) to build mini commercial electric vans next year, the Japanese automaker announced on Tuesday. Suzuki and Daihatsu will bring to the table their knowledge of manufacturing mini vehicles, while Toyota will come forth with its electrification technology to jointly develop… Continue reading Toyota partners to build affordable commercial electric vans, light-duty trucks
4 indicators to watch for on Tesla Q2 earnings day
Elon Musk has dominated this summer’s headlines beyond the EV business he’s trying to scale. During the first half of July, the Tesla CEO commanded attention for adding twins to his brood of 10 children, backing out of a $44 billion deal to buy Twitter and going shirtless while yachting on the Aegean. Meanwhile, the… Continue reading 4 indicators to watch for on Tesla Q2 earnings day
Tesla Supercharger V4 design revealed in new station plan
Tesla Supercharger V4’s design has been revealed as part of the construction plans of a new station being deployed in Danvers, Massachusetts. It’s another clean design that is reminiscent of previous chargers. Tesla’s Supercharger technology has evolved greatly over the years, going from 90 kW of capacity to 250 kW. But when it comes to… Continue reading Tesla Supercharger V4 design revealed in new station plan
Tesla found 1% liable in fatal crash of a teen it dedicated a feature to
Tesla has been found only 1% liable by a jury in a case over a fatal crash of a teen, and dedicated a feature to his memory. In May of 2018, two Fort Lauderdale teens were killed and a third was injured after the Tesla Model S driven by 18-year-old Barrett Riley crashed into a concrete wall at… Continue reading Tesla found 1% liable in fatal crash of a teen it dedicated a feature to