Shares in Japan’s Rakuten Group Inc climbed 2% on Tuesday, a day after the e-commerce firm said it had applied to list its online banking unit on the Tokyo Stock Exchange. Rakuten announced plans for an initial public listing last September as it grappled with the cost of building a mobile network and competed with Amazon.com Inc. Its shares last month hit their lowest level in more than a… Continue reading Japan’s Rakuten shares climb 2% on bank unit listing progress
Category: Tech News
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Data Vantage: Bigo, Neuroncredit and foodpanda get more capital for expansion and other updates
As Southeast Asian economies recover from the impact of the COVID-19 pandemic, tech players are injecting fresh capital into their local subsidiaries for growth and expansion. Cayman-registered Bigo Inc. has injected $220 million into its Singapore subsidiary, Bigo Technology, to drive expansion in an increasingly competitive market. Bigo operates popular live-streaming app Bigo Live, video-sharing app… Continue reading Data Vantage: Bigo, Neuroncredit and foodpanda get more capital for expansion and other updates
Clean Tecnica: Connected Cars, The Supreme Court, & The Surveillance Society 002091
The decision by the US Supreme Court last week to overturn Roe vs Wade has ignited a blistering debate. America’s religious fundamentalists are giddy with joy that they have, at long last, been successful at regulating the uterus of every woman in the country. Those who think a woman’s body is not the proper subject… Continue reading Clean Tecnica: Connected Cars, The Supreme Court, & The Surveillance Society 002091
Crosby, Stills and Nash return to Spotify after COVID-19 misinformation boycott
The music of Crosby, Stills and Nash is once again available to stream on Spotify. In February, the supergroup left the platform to protest Spotify’s inaction against Joe Rogan, who was accused of spreading COVID-19 misinformation through his podcast. According to Billboard, the trio plan to donate their Spotify earnings to COVID-19 charities for “at… Continue reading Crosby, Stills and Nash return to Spotify after COVID-19 misinformation boycott
NASA’s CAPSTONE satellite breaks from Earth’s orbit and heads toward the Moon
NASA’s grand plan to take humans back to the Moon for the first time in over half a century has taken another step forward. The 55-pound CAPSTONE (Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment) cubesat has broken free of Earth’s orbit and is on its way to the Moon. Rocket Lab launched CAPSTONE… Continue reading NASA’s CAPSTONE satellite breaks from Earth’s orbit and heads toward the Moon
The weak economy has spurred a flurry of tech acquisitions in SE Asia, IndiaThe bear market has made companies with sound fundamentals attractive targ…
The startup ecosystem in SE Asia and India has been witnessing active acquisition activities in the past six months as market corrections and cheaper valuations have created targets that are primed for a takeover. Some notable recent deals include the acquisition of online card payments startup CardUp by Funding Societies, which is better known as… Continue reading The weak economy has spurred a flurry of tech acquisitions in SE Asia, IndiaThe bear market has made companies with sound fundamentals attractive targ…
Family office investments become source of new capital for Indian startups
High net worth individuals (HNIs) and their family offices in India are increasingly parking their wealth in the country’s burgeoning startup ecosystem, hoping to make windfall gains in the years to come. Flexiloans, a Mumbai-headquartered digital lending platform catering to MSMEs, recently made headlines when it secured $90 million in funding from the family office… Continue reading Family office investments become source of new capital for Indian startups
Global PE firm KKR raises $1.16b for third tech growth fund
Global private equity powerhouse KKR has so far secured $1.16 billion for its third technology growth fund, per a filing with the US Securities and Exchange Commission. KKR Next Generation Technology Growth Fund III (NGT III) has raised the capital from 66 investors, the filing showed, without indicating a target corpus for the fund. Go… Continue reading Global PE firm KKR raises $1.16b for third tech growth fund
Sequoia Capital in the market to raise four new China VC funds
Sequoia Capital, one of the world’s top venture capital firms, has submitted four new filings with the US Securities and Exchange Commission (SEC) that will increase its exposure to China. The filings did not specify the target amount for the four new vehicles, which include two funds for more mature private firms, a seed fund… Continue reading Sequoia Capital in the market to raise four new China VC funds
Evergrande canvassing creditors’ support against winding-up petition
China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter. Evergrande, which is deemed to be in default on its nearly $23 billion of offshore debt and is… Continue reading Evergrande canvassing creditors’ support against winding-up petition