Cadillac is offering one final teaser of the Cadillac Celestiq ahead of its full reveal later this week. The ultra-luxe EV will soon join the Lyriq and become the second full EV to ship out of GM’s luxury division, although the Celestiq is expected to be in a class of its own with a price… Continue reading Here’s one final look at the Cadillac Celestiq before its full reveal
Category: Tech News
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Indonesia wants tech platforms to sign up to new licensing rules or risk being blockedThe rules will allow authorities to order platforms to take down…
Indonesia urged tech companies on Monday to register under new licencing rules or run the risk of having their platforms blocked, with data showing many big tech firms such as Google and Meta had yet to comply days out from the July 20 deadline. The requirement to register is part of a set of rules, first… Continue reading Indonesia wants tech platforms to sign up to new licensing rules or risk being blockedThe rules will allow authorities to order platforms to take down…
Pakistan’s nascent startup ecosystem grappling with impact of Airlift’s collapse
The collapse of Pakistan’s last-mile delivery startup Airlift has sent shockwaves across the investment and entrepreneurial community in the country’s fledgling tech startup ecosystem. The company announced the closure of its operations last week on the third day of Eid, a three-day religious holiday celebrated in Pakistan. The decision to close down operations followed staff… Continue reading Pakistan’s nascent startup ecosystem grappling with impact of Airlift’s collapse
Hong Kong’s Swire Pacific buys Coca-Cola bottling operations in Vietnam, Cambodia
Hong Kong-based conglomerate Swire Pacific Ltd said on Monday it would buy the packaging and distribution operations of Coca-Cola in Vietnam and Cambodia, marking its expansion into the southeast Asian beverages market. Swire Pacific will pay $1.02 billion in cash for Coca-Cola Indochina, which packages and distributes the beverage in the two southeast Asian countries. The firm is… Continue reading Hong Kong’s Swire Pacific buys Coca-Cola bottling operations in Vietnam, Cambodia
Snap introduces web version of photo messaging app Snapchat
Snap Inc said on Monday it is introducing the web version of its photo messaging app Snapchat, allowing users to chat, snap and video call from their computers. The company said that the feature will be exclusive to Snapchat+ subscribers beginning July 18 and will start with subscribers in the United States, the United Kingdom,… Continue reading Snap introduces web version of photo messaging app Snapchat
Instagram will let shoppers place orders and track packages in DMs
Instagram shoppers in the US will be able to pay for products directly in messages, the company announced today. Buyers will also be able to ask questions about products and track orders in the same message thread with merchants. Many small businesses on Instagram already field questions about products, arrange payments, and offer customer support… Continue reading Instagram will let shoppers place orders and track packages in DMs
The Station: Restructuring ripples and the next investor darling of the EV era
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I’m dubbing… Continue reading The Station: Restructuring ripples and the next investor darling of the EV era
Chinese GPU developer Iluvatar Corex nets $148m in extended Series C roundThe firm’s products are used in a range of computing devices from laptops to…
Iluvatar Corex, a Chinese developer of graphics processing units (GPUs) for general-purpose computing, has raked in over 1 billion yuan ($148.4 million) in two tranches as part of its extended Series C funding round. The firm will use the capital to invest to develop artificial intelligence (AI) chips. The Shanghai-based startup secured part of the… Continue reading Chinese GPU developer Iluvatar Corex nets $148m in extended Series C roundThe firm’s products are used in a range of computing devices from laptops to…
People Digest: East Ventures, Mastercard & BNI Ventures announce key hires
Indonesia-based venture capital firm East Ventures and global technology company Mastercard have announced new key appointments. Meanwhile, former Mandiri Capital Indonesia CEO has confirmed his new role at the corporate venture capital arm of Indonesian state-lender Bank Negara Indonesia. East Ventures promotes Sugiarto as partner East Ventures, the sector-agnostic Southeast Asian venture capital firm, has… Continue reading People Digest: East Ventures, Mastercard & BNI Ventures announce key hires
Petronas says taking steps to protect global assets after seizure of Luxembourg units
Malaysia’s state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries were served with a seizure notice last week over a dispute with the heirs of a late sultan. The last sultan of Sulu’s heirs are seeking to seize Malaysian government assets… Continue reading Petronas says taking steps to protect global assets after seizure of Luxembourg units