A venture run by the founder of Chinese automaker Zhejiang Geely Holding said on Monday it will look to break uniformity in the smartphone industry, as it completed a purchase of a majority stake in handset brand Meizu. The deal by Hubei Xingji Shidai Technology Co Ltd, which was launched by Geely‘s chairman Eric Li last year as part of a push by the automaker into premium… Continue reading Geely founder’s venture bet big on smartphones after Meizu stake buy
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Hong Kong’s ESR sells $730m China logistics portfolio to global investor
Hong Kong-based ESR Cayman Ltd announced that it has agreed to sell an 873,000 square meter balance sheet portfolio in China to an unnamed global institutional investor. The announcement said the portfolio is worth about $730 million, with the transaction representing the largest self-developed balance sheet sell-down for ESR to date. The portfolio, which is… Continue reading Hong Kong’s ESR sells $730m China logistics portfolio to global investor
Cleantechnica: Inflation, Tesla Prices, Tesla Demand, & The Future Of Tesla 002089
As inflationary pressure has hit raw materials over the past few months, the auto industry has struggled to keep investors and consumers both happy. Electric vehicle maker Tesla hasn’t been immune to the effects of inflation either, and how it’s faring against other automakers is still yet to be determined. The U.S. consumer price index for… Continue reading Cleantechnica: Inflation, Tesla Prices, Tesla Demand, & The Future Of Tesla 002089
Man Who Accidentally Got Paid 330x His Salary Quits, Disappears
Can you blame him? Peace Out A guy in Chile really hit the jackpot this week when his employer accidentally paid him 330 times his salary on accident. An Insider report yesterday said authorities haven’t released the man’s name, but that he’s been “uncontactable” and has basically disappeared. Meat factory CIAL Alimentos paid the man… Continue reading Man Who Accidentally Got Paid 330x His Salary Quits, Disappears
Lawyers and Doctors Struggle to Figure Out Who’s Actually Dead
Image by Getty / Futurism The legal definition of death is ever-evolving. Yesterday’s Daily Beast report detailed just how hard it is to legally define death, which before 1959 was defined simply as the heart and lungs ceasing to function. But after French physicians discovered “coma dépassé,” which means “beyond a coma,” legal clarification was… Continue reading Lawyers and Doctors Struggle to Figure Out Who’s Actually Dead
British army Twitter and YouTube accounts compromised to promote crypto scams
The British army is investigating an apparent hack after its official Twitter and YouTube accounts were compromised on Sunday. News of the breach was first reported by Web3 is Going Great. According to the blog, both accounts were simultaneously compromised to promote two different cryptocurrency scams. Although it has since been scrubbed, the army’s verified… Continue reading British army Twitter and YouTube accounts compromised to promote crypto scams
German traffic watchdog says 59,000 Tesla cars affected by safety bug
Germany’s Kraftfahrt-Bundesamt traffic regulator is calling on Tesla to recall more than 59,000 vehicles over a software issue. On June 29th, the KBA published a notice on its website notifying Model Y and 3 owners of a bug with the eCall safety system on those cars, according to Reuters. The glitch prevents the tool from… Continue reading German traffic watchdog says 59,000 Tesla cars affected by safety bug
Kamet Capital eyes secondaries bets, ropes in new investment managerThe move comes as Kamet Capital ramps up its growth and early-stage investments in…
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SG-based data firm Finquest bags $5.5m funding led by Capricorn PartnersCapricorn’s funds put a total of $4 million in the round.
Singapore-based big data and AI platform Finquest has raised a total of $5.5 million in a funding round led by European venture capital firm Capricorn Partners, according to regulatory filings seen by DealStreetAsia – DATA VANTAGE. Capricorn’s funds – Capricorn Fusion China Fund and Quest for Growth – put in $2 million each, while other… Continue reading SG-based data firm Finquest bags $5.5m funding led by Capricorn PartnersCapricorn’s funds put a total of $4 million in the round.
Tech-focused Indian VC Iron Pillar in talks to raise $400m for second fundThe firm is looking to invest in startups that are built in India for the gl…
Iron Pillar, a venture growth investor that backs technology companies in India, is in talks to raise about $400 million for its second fund as it looks to ramp up investments in the burgeoning startup ecosystem in the country. According to multiple sources privy to the development, talks between the venture capitalist and limited partners… Continue reading Tech-focused Indian VC Iron Pillar in talks to raise $400m for second fundThe firm is looking to invest in startups that are built in India for the gl…