Category: Tech News

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China Evergrande chairman’s stake in services unit drops on forced selling

The shareholding of China Evergrande Group’s chairman in its property services unit has fallen to 58.18% from 60.96% after forced selling of pledged shares by a third party, a Hong Kong stock exchange filing showed. The number of Evergrande Property Services Group shares involved was 300 million, and the drop was the result of steps taken on Dec. 20 to enforce rights to the shares held as security… Continue reading China Evergrande chairman’s stake in services unit drops on forced selling

Ant Group’s consumer finance unit to boost its capital to $4.7b

The consumer finance unit of China’s Ant Group will boost the company’s capital to 30 billion yuan ($4.71 billion) from 8 billion yuan, and introduce 4 new strategic investors, an exchange filing released on Friday said. The unit, Chongqing Ant Consumer Finance Co Ltd, is under regulatory pressure to fold Ant’s two lucrative micro-loan businesses Jiebei and Huabei into it, which would make it subject to rules and capital requirements similar to those for banks. China… Continue reading Ant Group’s consumer finance unit to boost its capital to $4.7b

Indonesia’s BRI Ventures launches second fund Sembrani Kiqani

BRI Ventures, the corporate venture arm of Indonesian state-owned PT Bank Rakyat Indonesia and its local fund partner Kiqani has launched a new fund to invest in the direct-to-consumer (D2C) sector with a total investment target of up to Rp 500 billion. The fund titled Sembrani Kiqani has already invested in Yield Guild Games Southeast… Continue reading Indonesia’s BRI Ventures launches second fund Sembrani Kiqani

The gadgets we broke

This holiday season, let’s talk about the gadgets that are no longer with us anymore — not because they were bad or became obsolete or were the victims of an upgrade offer too good to refuse, but because they met their demise in a delightfully destructive way. We broke these gadgets without meaning to. (Probably.… Continue reading The gadgets we broke

Tesla update lets drivers turn their cars into megaphones

As part of its annual holiday software update, Tesla has released a new feature that lets drivers turn their cars into megaphones. The update was spotted by Electrek, which reports that it’s only available in newer Tesla models (2019 or later). This is because the feature uses external speakers that were installed in recent Tesla… Continue reading Tesla update lets drivers turn their cars into megaphones

Tesla lets drivers turn their cars into megaphones with new software update

Tesla has released a new software update that lets drivers use their Tesla vehicles as actual megaphones to communicate with their surroundings. Don’t be shocked if people start talking to you through their Tesla on the road. Earlier this week, we reported on Tesla starting to push its new “holiday update”, which is a bigger-than-usual… Continue reading Tesla lets drivers turn their cars into megaphones with new software update

CICC, Ascent Capital jointly to set up investment platform with $3b corpus

CICC Capital, the private equity (PE) fund management platform of Hong Kong-listed investment bank China International Capital Corporation (CICC), has tied up with Korea’s cross-border investment firm Ascent Capital to set up a private equity investment platform with a total corpus of $3 billion.  CICC Ascent is set to seek opportunities across technology and consumption… Continue reading CICC, Ascent Capital jointly to set up investment platform with $3b corpus

CapitaLand’s REIT to buy 50% in Sydney property for $305m

Singapore-listed real estate investment trust CapitaLand Integrated Commercial Trust (CICT) has agreed to acquire a 50% interest in an integrated development located in Sydney for A$422 million ($305.4 million), per an announcement. It added that the total acquisition outlay was A$454.4 million, comprising A$422 million purchase price, other expenses of A$28.2 million, and acquisition fees… Continue reading CapitaLand’s REIT to buy 50% in Sydney property for $305m

People Digest: Monir Azzouzi joins GoToko to lead HR; Hypefast ropes in Indonesia’s former minister

Monir Azzouzi joins GoToko, GoTo Group’s B2B e-commerce platform arm, as part of the efforts to reinforce the group’s presence among small merchants across the country. Meanwhile, Indonesia’s former trade minister and a popular Youtube talkshow host Gita Wirjawan joined Hypefast as President Commissioner. Monir Azzouzi joins GoToko Monir Azzouzi joins GoToko, a joint venture… Continue reading People Digest: Monir Azzouzi joins GoToko to lead HR; Hypefast ropes in Indonesia’s former minister