As COVID-19 pushes up global investors’ demand for distressed opportunities in Asia-Pacific, alternative investment manager Ares SSG is prioritising downside protection before making additions to its portfolio. There is “a healthy and strong demand” from investors worldwide to allocate money to emerging markets in Asia, especially to the distressed and special situations space, said Ares… Continue reading Watch Edwin Wong speak on Ares SSG’s investment strategy for COVID times
Category: Tech News
Category Added in a WPeMatico Campaign
India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Honasa Consumer Pvt Ltd, the parent company of baby and mother care brand Mamaearth, has entered the unicorn club after raising $37.5 million in its Series F funding round led by venture capital firm Sequoia Capital. Honasa Consumer has issued 839 compulsorily convertible preference shares (CCPS) at an issue price of Rs 33,85,049 to raise… Continue reading India’s Mamaearth bags unicorn tag after fresh fundraise led by Sequoia
Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
Amid China’s tighter scrutiny and regulatory crackdown of various sectors, there has been a sharpened focus on ESG — a form of sustainable investing that takes into account environmental, social, and governance aspects — according to panelists at DealStreetAsia’s Asia PE-VC Summit 2021. Beijing has introduced a spate of crackdowns on various sectors — edtech… Continue reading Watch a discussion on China’s regulatory crackdown and the focus on ESG investing
T-Mobile pins latest data breach on SIM swapping
T-Mobile is still suffering from data breaches, although its latest headache may be more reflective of the phone business at large. The carrier has confirmed to Bleeping Computer that a recent data breach stemmed from SIM swapping attacks. Intruders compromised a “very small number” of customers by reassigning SIM cards or viewing “limited” account info,… Continue reading T-Mobile pins latest data breach on SIM swapping
‘Fortnite’ is back online (updated)
If you had planned to play Fortnite today, you may want to make other plans. At the moment, many players are finding it impossible to log in to their accounts and play games. At 1:13PM ET, Epic Games said it was investigating “an issue,” and promised to share more information once it had a solution… Continue reading ‘Fortnite’ is back online (updated)
South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
South Korea’s SK Hynix Inc said it had completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, after it received regulatory nods from eight countries including China. In exchange, SK Hynix will pay $7 billion out of the deal’s total $9 billion price tag, the world’s second-largest memory chip maker said in a… Continue reading South Korea’s SK Hynix completes first phase of $9b acquisition of Intel’s NAND …
How China’s new offshore listing rules will work — an explainer
Two Chinese regulators announced draft rules for Chinese firms’ offshore listings over the past week, providing some clarity on how they plan to scrutinize capital market activities amid a broader regulatory crackdown. What are the new rules for offshore listing? The China Securities and Regulatory Commission (CSRC) on Dec. 24 proposed tightening rules governing Chinese companies listing abroad, which… Continue reading How China’s new offshore listing rules will work — an explainer
China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
A vehicle burned at Canoo’s headquarters after a battery test
A vehicle at EV startup Canoo burned on August 24th after lithium-ion batteries left inside the car started a fire. The local fire department was able to extinguish the blaze and no one was injured, according to an incident report obtained by The Verge. The fire happened in the parking lot outside Canoo’s Torrance, California… Continue reading A vehicle burned at Canoo’s headquarters after a battery test
7 priorities aspiring technology leaders need to adopt
ZDNet Recommends It’s official: information technology has become indistinguishable from the business. That means today’s IT leaders also are assuming business leadership roles — and business leaders need to be IT leaders. What does it now take to successfully lead the technology direction of today’s and tomorrow’s enterprises? The convergence of humans and machines is… Continue reading 7 priorities aspiring technology leaders need to adopt