In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Xiaomi, SIG back Lanwan and 11 more deal updates from Greater China worth over $400m
Category: Tech News
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India: TPG-backed SK Finance raises $53m from IIFL Wealth, others …
Jaipur based non-banking financial company SK Finance, formerly Ess Kay Fincorp, has raised about $53 million (Rs 400 crore) in its Series F funding round IIFL Wealth and other new investors, it announced on Thursday. With the latest capital raise, the company to date has cumulatively raised about Rs 1,400 crores from six investors, including… Continue reading India: TPG-backed SK Finance raises $53m from IIFL Wealth, others …
Tesla shuts down ‘passenger play’ that allows users to play video games on center screen while driving
Tesla confirmed that it will shut down “passenger play,” which allows for playing video games on the center screen of its vehicles while driving. The change comes after NHTSA announced that it is opening an official probe into the situation. Tesla has recently been putting more work toward video games inside its vehicles with the… Continue reading Tesla shuts down ‘passenger play’ that allows users to play video games on center screen while driving
Chinese semiconductor memory firm DERA nets nearly $157m in Series C round …
Chinese semiconductor memory firm DERA has secured nearly 1 billion yuan ($157 million) in a Series C round of financing, the firm announced on Thursday. The Series C round was led by state investor China Reform Fund and CICC Capital, a private equity (PE) fund management platform of investment bank China International Capital Corp (CICC).… Continue reading Chinese semiconductor memory firm DERA nets nearly $157m in Series C round …
Asia Digest: NZ Super Fund to back fertility biz; Brookfield to buy Intellihub stake
NZ Super Fund joined a consortium with Pioneer Capital and Comprador Holdings to buy a majority stake in fertility treatment provider Fertility Associates. Meanwhile, Pacific Equity Partners has reduced its holding on Australian smart meters business Intellihub, following a sale on its community energy services business WINconnect. NZ Super Fund joins consortium to back fertility… Continue reading Asia Digest: NZ Super Fund to back fertility biz; Brookfield to buy Intellihub stake
PE firm Northstar Group hits final close of fifth fund at $590m
Southeast Asian private equity (PE) firm Northstar Group has achieved the final close of Northstar Equity Partners V Limited (Northstar V) at $590 million, according to its announcement on Friday. Northstar V will continue the Group’s strategy of investing in mature growth companies primarily in Indonesia. It will make select investments in early-stage opportunities and… Continue reading PE firm Northstar Group hits final close of fifth fund at $590m
Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b
CK Asset Holdings Ltd said on Friday it had agreed to sell its aircraft-leasing businesses for an aggregate of $4.28 billion, as it exits the sector while enhancing its strategic focus during the pandemic. The Hong Kong property developer said it had agreed to sell the entire Accipiter Finance S.à r.l. and Manchester Aviation Finance… Continue reading Hong Kong’s CK Asset to sell aircraft leasing businesses for $4.28b
Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin
Tesla CEO Elon Musk revealed today why he supports alternative cryptocurrency Dogecoin — and isn’t a huge fan of Bitcoin. “My goal is to build stuff and make money and have fun,” Dogecoin cofounder Billy Markus wrote in a tweet on Thursday. “I’m used to the corporate establishment and don’t really see any meaningful break… Continue reading Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin
Google is the latest to cancel its in-person CES 2022 plans
Following Lenovo and Intel, Google has become the latest company to announce it won’t have an on-site presence at CES 2022. “After careful consideration we have decided to withhold from having a presence on the show floor of CES 2022. We’ve been closely monitoring the development of the omicron variant, and have decided that this… Continue reading Google is the latest to cancel its in-person CES 2022 plans
Tesla will disable in-dash video games while its cars are in motion
Tesla is quickly responding to the NHTSA’s investigation of in-dash gaming while cars are moving. The Guardian has learned Tesla will deliver an update disabling on-the-move Passenger Play. A spokeswoman for the regulator said Tesla promised the change after discussing the matter with officials. There was no mention of when the update might arrive, but… Continue reading Tesla will disable in-dash video games while its cars are in motion