Category: Tech News

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Misinformation needs tackling and it would help if politicians stopped muddying the water

Written by Chris Duckett, APAC Editor Chris Duckett APAC Editor Chris started his journalistic adventure in 2006 as the Editor of Builder AU after originally joining CBS as a programmer. After a Canadian sojourn, he returned in 2011 as the Editor of TechRepublic Australia, and is now the Australian Editor of ZDNet. Full Bio Image:… Continue reading Misinformation needs tackling and it would help if politicians stopped muddying the water

Tesla Model Y caught on fire while driving; driver claimed to have to break window to get out

An almost brand-new Tesla Model Y caught on fire after powering down while driving. The driver claimed to be stuck inside the car and had to break the window to get out. It serves as a good reminder to know and remember that all doors in Tesla vehicles have manual releases. The incident happened last… Continue reading Tesla Model Y caught on fire while driving; driver claimed to have to break window to get out

Mirae Asset invests $15m as Singapore’s NextBillion.ai raises $21m in Series B …

Singapore-based NextBillion.ai on Monday announced it has raised $21 million in a Series B funding round led by global investment firm Mirae Asset Capital. The financing was joined by Lightspeed India, Microsoft’s venture fund M12, and Alpha Wave Global. The Series B comprises $18.75 million in equity funding, show NextBillion.ai’s filings with Singapore’s Accounting and… Continue reading Mirae Asset invests $15m as Singapore’s NextBillion.ai raises $21m in Series B …

China’s Jinke Smart Services halts trading ahead of M&A announcement

Chinese property management firm Jinke Smart Services Group Co said on Monday its Hong Kong-listed shares were halted from trading pending an announcement related to mergers and acquisitions. The trading halt followed reports last week that parent company Jinke Property Group – China’s 21st largest developer by sales – might not be able to refinance… Continue reading China’s Jinke Smart Services halts trading ahead of M&A announcement

Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1. But the used cars market isn’t only enormous in Egypt; it is in almost every country with a… Continue reading Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores

AMD’s upcoming Ryzen 7000 chips will mark another major milestone for the company: they’ll be the first desktop processors running 5 nanometer cores. During her Computex keynote presentation today, AMD CEO Lisa Su confirmed that Ryzen 7000 chips will launch this fall. Under the hood, they’ll feature dual 5nm Zen 4 cores, as well as… Continue reading AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores

Metaverse app BUD raises $37m in second funding round in just 3 months …

BUD, a virtual platform that allows users to create and share 3D interactive content with friends, has raised $36.8 million in its second funding round in three months, led by Sequoia Capital India. It had raised a $15-million Series A round in February, and with the latest new infusion, BUD’s total financing has reached over… Continue reading Metaverse app BUD raises $37m in second funding round in just 3 months …

Philippine tech retailer Upson International files for up to $103m IPO

Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an over-allotment option of up to 98.7 million shares, at a maximum price of 5.50 pesos ($0.11) each. In Philippine filings, prices of initial public offerings (IPOs) are typically set above… Continue reading Philippine tech retailer Upson International files for up to $103m IPO

Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests

Japan’s diversified conglomerate Mitsui & Co and financial services group Nomura Holdings have agreed to acquire Australia-headquartered nature-based real asset manager New Forests. Mitsui, which has been a shareholder in New Forests since 2016 with a 23% stake, will increase its holding to 49%, and Nomura will become a 41% shareholder while the remaining 10%… Continue reading Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests