Two of Tencent Holdings Ltd.’s vice presidents — Cheng Wu and Lai Zhiming — have stepped down, but will continue to lead important parts of the tech giant’s sprawling business interests, Caixin has learned. Cheng will continue to be CEO of China Literature Ltd., an online publishing and e-book firm controlled by Tencent, a post he assumed… Continue reading Two Tencent VPs step down, to focus on company’s e-book, banking affiliatesThe leadership shuffle comes as Tencent is cutting costs in the face of a r…
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IPO-bound Thai firm aCommerce aims for net profitability latest by 2025
IPO-bound Southeast Asian e-commerce enabler aCommerce is aiming to become a profitable business within the next 24-36 months, a top executive of the firm told DealStreetAsia. The company plans to achieve positive net income by 2025, or even earlier by 2024, said aCommerce’s founder and group CEO Paul Srivorakul. Go to Source
GoTo seeks path to profitability as Gojek co-founder Kevin Aluwi steps back
A co-founder of one-half of merged Indonesian superapp GoTo has stepped away from day-to-day management, as the company struggles to turn a profit amid a downturn in the global technology industry. GoTo Group was established in May last year through the merger of two big local startups: ride-hailing company Gojek and e-commerce platform Tokopedia. Both… Continue reading GoTo seeks path to profitability as Gojek co-founder Kevin Aluwi steps back
Heartening to see more women in entry-level roles, they can be VC leaders tomorrow: Venturi Partners MD Rishika Chandan
Startups in Southeast Asia and India have a glaring gender disparity issue. However, they may still have the edge over the venture capital (VC) firms that invest in them, says a leading female VC executive. “I see a lot of progress on the portfolio company or startup hiring side where the senior management is increasingly… Continue reading Heartening to see more women in entry-level roles, they can be VC leaders tomorrow: Venturi Partners MD Rishika Chandan
I want to forget Elon’s dumb $420 tweet, but y’all won’t let me
Elon Musk hasn’t tweeted in 10 days, but his Twitter account is once again news because time is a flat circle. This is why we must now scrunch our faces, cock our heads to one side and strain to recall a weed joke shared by the chief executive on August 7, 2018. Otherwise, we’ll never… Continue reading I want to forget Elon’s dumb $420 tweet, but y’all won’t let me
Behind the scenes of Waymo’s worst automated truck crash
The most serious crash to date involving a self-driving truck might have resulted in only moderate injuries, but it exposed how unprepared local government and law enforcement are to deal with the new technology. On May 5, a Class 8 Waymo Via truck operating in autonomous mode with a human safety operator behind the wheel… Continue reading Behind the scenes of Waymo’s worst automated truck crash
Tesla offers free Supercharging to encourage off-peak charging during travels for holidays
Tesla is offering free Supercharging during off-peak hours at select locations during the 4th of July weekend to help with traffic during busy travel days. As we previously reported, Tesla has been having a hard time keeping up its charging infrastructure growth with its fleet growth over the last few years. Its deliveries are growing… Continue reading Tesla offers free Supercharging to encourage off-peak charging during travels for holidays
The GPU shortage is over
For nearly two years, you’ve had to be incredibly lucky, skilled, or patient to get an Nvidia or AMD graphics card at MSRP. We’ve liveblogged and livetweeted that hell of trying to buy a GPU online, fighting against an army of bots to navigate the buggy websites of retailers who didn’t have enough reason to… Continue reading The GPU shortage is over
7 Theories About Why Elon Musk Has Disappeared
Tesla and SpaceX CEO Elon Musk has been noticeably quiet over the last ten days. It was weird before, and now it’s even weirder. The last time the billionaire tweeted was June 21. For Musk, who tends to incessantly tweet at virtually any hour of the day, that’s an eternity and a half. He did appear to… Continue reading 7 Theories About Why Elon Musk Has Disappeared
Experts Say Birds Are Catching on Fire on Power Lines and Starting Wildfires
Sounds like fowl play. Burning Birds Exploding limbs, burning plumage, bodily water cells instantly turned to steam — electrocution sounds like a terrible way to go. Even worse is the new discovery that when birds on power lines combust from an electric shock and fall to the ground, their dead bodies can cause deadly wildfires.… Continue reading Experts Say Birds Are Catching on Fire on Power Lines and Starting Wildfires