Pokémon Go developer Niantic is laying off eight percent of its workforce, which is said to be around 85-90 jobs. The augmented reality game company has also canceled four projects. CEO John Hanke reportedly wrote in an email to employees that Niantic was “facing a time of economic turmoil” and had to “further streamline our… Continue reading Niantic is laying off about 90 employees and canceling four projects
Category: Tech News
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Formula E’s Gen3 car will make its race debut on January 14th
Formula E’s Gen3 all-electric car will make its race debut on January 14th, 2023 in Mexico City. The Fédération Internationale de l’Automobile (FIA) announced the date on Wednesday and shared the preliminary schedule for Formula E’s upcoming ninth season. Before the official start of the competition in January, teams will have three days in December… Continue reading Formula E’s Gen3 car will make its race debut on January 14th
Chinese VC firm Joy Capital files to raise fourth fundJoy Capital had raised $700m in 2019 for its predecessor vehicle.
Chinese venture capital firm Joy Capital has filed to raise its fourth fund, according to its filings with the US Securities Exchange Commission (SEC). The firm did not disclose the amount that it intends to raise. Joy Capital had raised $700 million in July 2019 for its predecessor vehicle targeting early- to growth-stage firms. Go… Continue reading Chinese VC firm Joy Capital files to raise fourth fundJoy Capital had raised $700m in 2019 for its predecessor vehicle.
BNPL players, super apps, banks vie for space in SE Asia’s pay-later party
This is the second of a two-part series on the BNPL landscape in SE Asia. In the first part, we looked at how BNPL is booming in SE Asia even as the model faces testing times in more mature markets. The race for the buy-now-pay-later (BNPL) pie in SE Asia, especially Indonesia, appears to be… Continue reading BNPL players, super apps, banks vie for space in SE Asia’s pay-later party
Chinese EV maker Nio denies accusations of inflating profit as stock tumbles
Shares of Nio Inc. plunged on Wednesday after a notorious US short-seller alleged that the Chinese electric-vehicle maker was exaggerating its revenue and profitability by selling to a related company. In a report released late Tuesday, Grizzly Research LLC claimed that the startup used a battery asset management affiliate to help inflate its revenue and… Continue reading Chinese EV maker Nio denies accusations of inflating profit as stock tumbles
Softbank-backed Indian eyewear retailer Lenskart to buy Japanese peer Owndays
Lenskart, India’s largest eyewear retailer backed by SoftBank Group, is buying an approximately 75% stake in Owndays, a Japanese eyewear chain, Nikkei has learned. Lenskart will acquire all the shares held by a joint venture between an investment company affiliated with LVMH Moet Hennessy Louis Vuitton and a fund affiliated with Mitsui & Co. The… Continue reading Softbank-backed Indian eyewear retailer Lenskart to buy Japanese peer Owndays
Bird CEO Travis VanderZanden steps down as president
Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles will begin effective June 29, per a regulatory filing. VanderZanden, who previously served as the chief operating officer (COO) at ride-hailing company Lyft, will stay on as CEO… Continue reading Bird CEO Travis VanderZanden steps down as president
Roe v. Wade fallout: How tech giants and big banks are changing employee policies to adapt
Technology giants and the enterprise are making their thoughts known on the overturning of Roe v. Wade, with many pledging financial support to employees. The landmark Roe v. Wade case, guaranteeing a constitutional right to an abortion in the United States, was overturned on June 24. Special Feature A number of states passed ‘trigger’ laws… Continue reading Roe v. Wade fallout: How tech giants and big banks are changing employee policies to adapt
Tesla ramps up Gigafactory Texas to thousands of units per week, adds new Model Y version
Tesla has managed to ramp up production at Gigafactory Texas to thousands of units per week, adding production of the Model Y Long Range on top of the Standard Range version. The automaker is being secretive about data on its production ramp at Gigafactory Texas. It is one of Tesla’s most important projects, as it… Continue reading Tesla ramps up Gigafactory Texas to thousands of units per week, adds new Model Y version
Tesla 4680 cell: Samsung is building a pilot production line to build the new battery
Samsung SDI is reportedly setting up a new pilot production line to build 4680 battery cells for Tesla. It will be the third manufacturer to try to secure a volume contract to supply Tesla with the new battery cell format. Korea’s TheElec reports that the Korean manufacturing giant is preparing the new battery cell production… Continue reading Tesla 4680 cell: Samsung is building a pilot production line to build the new battery