Japanese venture investor Global Brain has announced the launch of two new funds with a combined corpus of 50 billion yen ($440 million) that will invest in next-generation global startups. The VC firm launched GB-VIII Growth Fund Investment Limited (GB-VIII) with a target of 40 billion yen, including a parallel vehicle for overseas investors. It… Continue reading Japanese VC Global Brain launches two funds with total corpus of $440m
Category: Tech News
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India’s Paytm slides as anchor investors lock-in period expires
Shares of digital payments firm Paytm tumbled as much as 13% to hit their lowest since a dismal debut last month after a lock-in period for anchor investors in the company’s initial public offering ended on Wednesday. Paytm‘s shares crashed more than 27% in debut on Nov. 22 following India’s largest public offering in a blockbuster year… Continue reading India’s Paytm slides as anchor investors lock-in period expires
US to add 8 Chinese firms including drone-maker DJI to investment blacklist
The United States will add eight Chinese companies, including the world’s largest commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist this week, the Financial Times reported on Wednesday. The U.S. Treasury will put the companies on its “Chinese military-industrial complex companies” blacklist on Thursday because of their alleged involvement in surveillance of… Continue reading US to add 8 Chinese firms including drone-maker DJI to investment blacklist
Tesla worker arrested for fatally shooting coworker at Fremont factory
Fremont Police Department has announced that it arrested a Tesla worker who they believe was responsible for shooting a co-worker in the Fremont factory parking lot yesterday. As we reported earlier today, the Fremont Police Department announced that they were investigating a “suspicious death” at Tesla’s Fremont factory the day before. Later, the “suspicious death”… Continue reading Tesla worker arrested for fatally shooting coworker at Fremont factory
Taxi company suspends its Tesla Model 3 fleet after a severe fatal crash
G7, a Paris-based taxi company that operates one of the largest Tesla taxi fleets in the world, announced that it suspended all its Model 3 taxis after a severe fatal crash that occurred last weekend. One of the company’s drivers was driving the Model 3 taxi as a personal vehicle on December 11 in Paris… Continue reading Taxi company suspends its Tesla Model 3 fleet after a severe fatal crash
Toyota-backed Pony.ai’s driverless testing permit suspended in California …
A California regulator on Monday said it has suspended a driverless testing permit for startup technology firm Pony.ai following an accident — the first time it has issued such a suspension. On Oct. 28, a Pony.ai vehicle operating in autonomous mode hit a road center divider and a traffic sign in Fremont after turning right, showed the… Continue reading Toyota-backed Pony.ai’s driverless testing permit suspended in California …
Toyota commits $70b to electrify its vehicles by 2030
Toyota Motor Corp on Tuesday committed 8 trillion yen ($70 billion) to electrify its automobiles by 2030, half of it to develop a battery electric vehicle (BEV) line-up, as it looks to tap a growing market for zero-emission cars. But the world’s biggest carmaker, which is a relative latecomer to full electric cars, said it expected… Continue reading Toyota commits $70b to electrify its vehicles by 2030
India Digest: Flipkart’s Shopsy launches grocery category; Good Glamm buys MissMalini
Shopsy, the social commerce unit of Flipkart, has launched grocery as a category on its platform, while content-to-commerce firm Good Glamm Group has acquired celebrity media firm MissMalini Entertainment. Flipkart’s Shopsy launches grocery offering in 700 cities Shopsy, the social commerce unit of Flipkart, announced that it has started offering grocery as a category on… Continue reading India Digest: Flipkart’s Shopsy launches grocery category; Good Glamm buys MissMalini
Awareness around ESOPs is still lacking in SE Asia: report
Premium There is a lack of awareness and understanding around Employee Stock Option Plans (ESOPs) in Southeast Asia, according to a recent report by Saison Capital and Svested, a Singaporean startup focused on ESOP management. The findings show that while most Southeast Asian founders are implementing ESOPs for the “right reasons” such as retaining and… Continue reading Awareness around ESOPs is still lacking in SE Asia: report
Elon Musk Says Tesla Will Accept Dogecoin for Merch, Crypto Prices Spikes
He could be laying the groundwork for accepting Doge for car payments. Doge Addict Dogecoin prices spiked on Tuesday after newly-annointed Time Magazine Person of the Year Elon Musk announced that Tesla would be accepting the crypto in its merch store. “Tesla will make some merch buyable with Doge and see how it goes,” Musk… Continue reading Elon Musk Says Tesla Will Accept Dogecoin for Merch, Crypto Prices Spikes