Indian cybersecurity rules due to come into force later this month will create an “environment of fear rather than trust”, a body representing top tech companies has warned the government, calling for a one-year delay before the rules take effect. The Internet and Mobile Association of India (IAMAI), which represents firms including Facebook, Google, and Reliance, wrote… Continue reading India’s cyber rules will “create environment of fear rather than trust”, say tech firms …
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Alibaba’s Southeast Asian arm Lazada appoints James Dong as CEO
Lazada, Alibaba’s Southeast Asian arm, appointed James Dong as chief executive officer on Friday as the Chinese e-commerce giant seeks to expand abroad in the face of tight competition at home. Dong joined Lazada in 2018 to lead its Thailand and Vietnam businesses. He was previously the head of globalization strategy and corporate development at Alibaba. In April, Reuters reported that… Continue reading Alibaba’s Southeast Asian arm Lazada appoints James Dong as CEO
Waiting period for Elon Musk’s deal has expired, says Twitter
Twitter Inc said on Friday the waiting period under the HSR Act for Elon Musk’s $44-billion acquisition of the social media firm has expired. Completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and the receipt of applicable regulatory approvals, Twitter said. The HSR Act, or the… Continue reading Waiting period for Elon Musk’s deal has expired, says Twitter
Yummy Raises $47 Million in Funding
Yummy, a provider of an on-demand delivery and transportation app in Venezuela and Bolivia, raised $47 million in its latest financing. The round was led by Anthos Capital, with the participation of JAM Fund, Soma Capital, WIND Ventures, Ethos Capital, and YC Continuity. In connection with this financing, Barney Harford, former COO of Uber Technologies and CEO of Orbitz Worldwide, has been appointed to the… Continue reading Yummy Raises $47 Million in Funding
BMW i4 review: better than expected
On the road, the 2022 BMW i4 eDrive40 looks like any other 4 Series. There’s a reason the four-door sedan with its gigantic kidney grilles and sleek roofline commands is one of the automaker’s best-selling vehicles. It looks the part of a German sedan, and the EV version of the vehicle is the fruit of… Continue reading BMW i4 review: better than expected
Elon Musk reportedly orders hiring freeze, 10 percent staff reduction at Tesla
Elon Musk emailed Tesla executives on Thursday, Reuters reports, telling them the company needs to pause hiring worldwide and cut its workforce by about 10 percent. At the end of 2021, Tesla said in a filing that it had 99,290 employees worldwide. In the email seen by Reuters, Musk cites his “super bad feeling” about… Continue reading Elon Musk reportedly orders hiring freeze, 10 percent staff reduction at Tesla
Singapore officially launches digital platform to ease supply chain data flow
Singapore has officially launched a centralised data platform that it says will streamline information flows across a fragmented global supply chain. The data exchange already has garnered at least 70 participants that include logistics operators, banks, and energy companies. Called Singapore Trade Data Exchange (SGTraDex), the common data platform was first introduced in November 2020 as… Continue reading Singapore officially launches digital platform to ease supply chain data flow
Elon Musk asks Tesla execs to ‘pause all hiring,’ cut 10% of staff, amid ‘bad feeling about economy’
Elon Musk has reportedly asked Tesla executives to “pause all hiring worldwide” and cut about 10% of the staff due to what he called a “bad feeling about the economy.” Earlier this week, we reported on Elon Musk asking all Tesla employees to come back to the office or quit. Many people suspected that this… Continue reading Elon Musk asks Tesla execs to ‘pause all hiring,’ cut 10% of staff, amid ‘bad feeling about economy’
‘Street Fighter 6’ arrives in 2023 with new modes and real-time commentary
A few months after confirming the existence of Street Fighter 6, Capcom has revealed that the upcoming entry to the fighting franchise will come out in 2023 for the PS 5, PS 4, Xbox Series X|S and PC. Like the company promised in its initial teaser, the game will include Luke, a key DLC character… Continue reading ‘Street Fighter 6’ arrives in 2023 with new modes and real-time commentary
Asia Digest: Korean chipmaker Rebellions nets $50m, FTX launches in Japan
South Korean AI semiconductor startup Rebellions has raised $50 million; while cryptocurrency exchange FTX has launched its services in Japan. Temasek-backed Pavilion invests in S Korea’s Rebellions Rebellions, an artificial intelligence (AI) semiconductor startup, has announced raising $50 million in a Series A round backed by Pavilion Capital, a Temasek-backed venture capital investor. The Series… Continue reading Asia Digest: Korean chipmaker Rebellions nets $50m, FTX launches in Japan