Category: Tech News

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China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9bVoyagers Capital was created earlier this month by founding pa…

Voyagers Capital has held the first closing of its maiden US dollar fund to invest in the healthcare sector. Separately, FountainVest Partners has reportedly closed its oversubscribed fourth US dollar fund at $2.9 billion. Voyagers Capital holds first close of debut USD fund China’s Voyagers Capital, a newly established healthcare investment firm, has held the… Continue reading China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9bVoyagers Capital was created earlier this month by founding pa…

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That’s the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. It’s elusive. The merge was supposed to happen years ago but has… Continue reading Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Nissan shareholders reject proposal to designate Renault as parent

Japan’s Nissan Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA. Ahead of the AGM, one investor proposed designating Renault as Nissan‘s parent company which by law would force the publication of the agreement which stipulates… Continue reading Nissan shareholders reject proposal to designate Renault as parent

Toshiba board gains two directors from activist hedge funds

Toshiba Corp shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director at Farallon Capital Management were elected, as was Akihiro Watanabe, an executive from boutique U.S.… Continue reading Toshiba board gains two directors from activist hedge funds

Thai Life locks in major cornerstone investors for $1b IPO

Thai Life Insurance’s initial public offering (IPO), aiming to raise up to $1.04 billion, will be sold to 18 domestic and international cornerstone investors. These investors will account for about 50% of the IPO, the largest in Southeast Asia so far in 2022, according to a term sheet seen by Reuters. The bookbuilding process will open Thursday. Thai Life did not immediately respond to… Continue reading Thai Life locks in major cornerstone investors for $1b IPO

Tesla pauses some Berlin-built Model Y deliveries over electric motor issue

Tesla had to pause deliveries of some Model Y vehicles built at Gigafactory Berlin, and the buyers are being told that there’s a problem with the electric motor. The production ramps at Gigafactory Berlin and Gigafactory Texas are undoubtedly Tesla’s most important projects at the moment. Until the automaker can ramp up to volume production… Continue reading Tesla pauses some Berlin-built Model Y deliveries over electric motor issue

Clean Technica: 11% of New Car Sales in Europe Electric (19% Plugins)002079

Stellantis Shines In Europe — Plugin Vehicle Sales Report With the overall European car market still suffering, down 13% last month year over year (YoY) and down 34% compared to May 2019, the European passenger plugin vehicle market has also started to be affected. It grew just 3% last month, with approximately 183,000 plugin vehicles… Continue reading Clean Technica: 11% of New Car Sales in Europe Electric (19% Plugins)002079

Byte-Sized Review: LG CineBeam Is a Premiere-Worthy But Pricey Home Projector

Something happened a couple of years back (won’t say what), that made going to the movie theater an incredibly daunting prospect. Luckily, this coincided with some serious advancements in home projector technology, including the LG CineBeam. Instead of casting its image from a distance, the projector image shoots up, which makes home projection far easier… Continue reading Byte-Sized Review: LG CineBeam Is a Premiere-Worthy But Pricey Home Projector