Huawei is no stranger to foldable mobile devices and had released three over the past few years: The Mate X, Mate Xs and the Mate X2, which is the most recent model launched in February. All of those are similar to the Samsung Galaxy Fold in that they’re devices that fold vertically and are the… Continue reading Huawei’s foldable P50 Pocket phone revealed in ‘Harper’s Bazaar’
Category: Tech News
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Reddit files with the SEC to go public
Reddit has taken a big step towards going public. In a press release, the company has revealed that it has confidentially submitted a draft registration statement with the US Securities and Exchange Commission regarding “the proposed initial public offering of its common stock.” The announcement offers very little detail about its planned IPO, which is… Continue reading Reddit files with the SEC to go public
China’s Linear Capital raises $500m for two new funds in just five weeks …
Linear Capital, a Chinese investment firm that focuses on data and frontier technology startups, has closed two new funds in just five weeks with $500 million in total capital commitments. Linear Capital, an early investor of auto chip startup Horizon Robotics and content marketing platform Tezign, raised the capital for its USD Fund V and… Continue reading China’s Linear Capital raises $500m for two new funds in just five weeks …
SenseTime plans to relaunch Hong Kong IPO as early as Monday
Chinese artificial intelligence startup SenseTime Group plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said. The people could not be identified as the information is not public. A spokesperson for SenseTime,… Continue reading SenseTime plans to relaunch Hong Kong IPO as early as Monday
India’s ShareChat raises $266m led by US-based Alkeon Capital
Indian content-sharing platform ShareChat on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion. The new investments, part of ShareChat’s third funding round this year, were led by Alkeon and saw participation from Singapore’s Temasek Holdings and Moore Strategic Ventures,… Continue reading India’s ShareChat raises $266m led by US-based Alkeon Capital
SoftBank-backed Indian ride-hailing firm Ola raises $500m loan
Indian ride-hailing company Ola said on Thursday it had raised a $500-milllion loan from international institutional investors, as the SoftBank Group-backed start-up preps to make its stock market debut next year. Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion… Continue reading SoftBank-backed Indian ride-hailing firm Ola raises $500m loan
Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates
Vertex Ventures Southeast Asia & India and Vertex Ventures China have exited their investment in the Singapore affiliate of cryptocurrency exchange Binance, according to regulatory filings. The funds, which are part of Temasek-backed Vertex Holdings’ global VC network, transferred their stakes in Binance Asia Services to Ireland-based Binance (Services) Holdings on Monday. The development coincided… Continue reading Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates
Scientists Spot Hidden Water in Mars’ Grand Canyon
With the help of the European Space Agency’s ExoMars Trace Gas Orbiter (TGO), a team of scientists has made a fascinating discovery: a huge deposit of water at the bottom of the Valles Marineris, one of the planet’s deepest canyon systems and which is ten times as long and five times as deep as the… Continue reading Scientists Spot Hidden Water in Mars’ Grand Canyon
Princeton Researchers Create Terrifying VR Simulation of Nuke Attack to Train US Officials
If Russia launches nuclear missiles at the US, the president — or whoever has the authority at the moment — has just minutes to react. As the clock ticks down, they’ll be forced to make what’s arguably the most consequential decision in human history. How would you handle the situation? That’s the question behind “Nuclear… Continue reading Princeton Researchers Create Terrifying VR Simulation of Nuke Attack to Train US Officials
Audi built a custom EV for Ken Block’s next Gymkhana video
Ken Block’s Gymkhana series is ready to go electric. On Wednesday, the rally driver showed off his new Audi S1 Hoonitron, a purpose-built EV the automaker designed specifically for Block. Audi didn’t share many details on the prototype, but as you can see from the photo above, it pulls more than a few design cues… Continue reading Audi built a custom EV for Ken Block’s next Gymkhana video