After some earlier rumors, today Xiaomi finally confirmed its “long-term strategic cooperation” with Leica, and that they’ve been co-developing a flagship smartphone ahead of its July 2022 launch. This will be the German camera firm’s latest mobile imaging collaboration after Sharp, Huawei and Panasonic. Xiaomi isn’t the first Chinese phone maker to leverage the photography… Continue reading Xiaomi and Leica to launch a co-branded phone in July
Category: Tech News
Category Added in a WPeMatico Campaign
WhatsApp will end support for iOS 10 and iOS 11 on October 24th
WhatsApp plans to end support for iOS 10 and 11. A new notification spotted by WABetaInfo prompts iPhone users to install the latest version of Apple’s mobile operating system supported by their device to continue using the app after October 24th. A support article from WhatsApp notes the company recommends iOS 12 as a baseline… Continue reading WhatsApp will end support for iOS 10 and iOS 11 on October 24th
Hyundai will invest $5 billion toward US manufacturing and innovation
Hyundai will allocate an additional $5 billion toward investments in the US, the automaker announced on Sunday. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. The announcement follows the recent news that Hyundai plans to build a $5.54 billion electric vehicle plant in Georgia. With… Continue reading Hyundai will invest $5 billion toward US manufacturing and innovation
The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …
For Hong Kong-based multi-asset investment firm Silverhorn, Asian fund managers with experience in operating through different market cycles would be the sweet spot for its primary investment. The opportunities in Asia are presented by a large cohort of young entrepreneurs, and the number of funds that are looking to back those entrepreneurs, according to Bert… Continue reading The LP View: Crises can be good time to deploy capital, says Silverhorn’s Bert Kwan …
For SE Asian giants, the focus is back on fundamentals amid tech selloff
It has been more than a month since Indonesian technology major GoTo’s public market outing after it raised $1.1 billion on the domestic stock exchange in a widely anticipated IPO. GoTo’s shares, which surged as much as 23% on its market debut, have tanked over the subsequent few weeks. GoTo’s shares hit their lowest price… Continue reading For SE Asian giants, the focus is back on fundamentals amid tech selloff
US pension commits up to $65m to Carlyle, IDG Capital’s new funds
Delaware Public Employees’ Retirement System (DPERS) has committed up to $65 million to two latest Asia funds managed by alternative investment giant Carlyle Group and China-focused venture capital firm IDG Capital. The US pension fund will invest up to $40 million in Carlyle Asia Partners VI, which was reported to be seeking between $8 billion… Continue reading US pension commits up to $65m to Carlyle, IDG Capital’s new funds
Indonesian tech giant GoTo plans to raise fresh capital through private placement …
Tech giant GoTo, which raised $1.1 billion through an IPO on the Indonesia Stock Exchange (IDX) in April, is planning to raise fresh capital from a new investor through a private placement of shares. In a filing to the IDX on Friday, GoTo said it plans to issue 118.43 billion shares, representing a roughly 10%… Continue reading Indonesian tech giant GoTo plans to raise fresh capital through private placement …
General Atlantic plans to invest over $2b in India, SE Asia over next two years …
Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer,… Continue reading General Atlantic plans to invest over $2b in India, SE Asia over next two years …
India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as a sign… Continue reading India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India: Paytm payments bank says central bank may lift curbs in 3-5 months
India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s IT systems, citing “material” supervisory concerns, without elaborating further,… Continue reading India: Paytm payments bank says central bank may lift curbs in 3-5 months