Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. Reuters first reported earlier on Monday the company’s plan to withdraw the… Continue reading China’s SenseTime postpones $767m Hong Kong IPO after US ban
Category: Tech News
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Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
JP Morgan Global Alternatives has acquired a 50% interest in a Singapore office space while 108 Media has acquired all the assets of the London-based DCD Media Plc worth $6.3 million. JP Morgan Global Alternatives buys 50% in One George Street for $472m JP Morgan Global Alternatives has acquired a 50% interest in One George… Continue reading Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
Indonesia’s health food startup Lemonilo secures $36m in Series C round
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 Indonesia’s health food startup Lemonilo secures $36m in Series C round
Binance withdraws application to run a licensed crypto exchange in Singapore …
Cryptocurrency exchange Binance has withdrawn an application submitted to the Monetary Authority of Singapore to run a licensed cryptocurrency exchange in the country, the company said in a statement on Monday. Binance.sg, the local website that currently runs a pared-down version of the exchange and is managed by Binance Asia Services, will stop operating on… Continue reading Binance withdraws application to run a licensed crypto exchange in Singapore …
Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b
The CrownX, an integrated retail platform of Vietnamese conglomerate Masan Group, has closed a $350 million primary investment from global private equity firm TPG, the Abu Dhabi Investment Authority (ADIA) and Singapore state investor Temasek. The latest investment brings the total funding raised by The CrownX since its inception in H1/2020 to over $1.5 billion.… Continue reading Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b
Singapore telco Circles.Life buys back $5 million worth of employee stocks
Singapore-based telco Circles.Life announced on Monday that it is buying back $5 million worth of shares allotted to its staff as employee stock ownership plans (ESOPs). Employees who have been with the company for over a year were allowed to participate. The company said it holds ESOP liquidity events every 18 months on average, which allows… Continue reading Singapore telco Circles.Life buys back $5 million worth of employee stocks
Clean Technica: The DOJ’s Investigation Into Short Selling Is A Good Thing For Investors001559
The U.S. Department of Justice has launched a criminal investigation into short selling by hedge funds and research funds, Reuters reports. This is a good thing for all investors, especially for those of us who invest in companies that we feel will make a positive impact on our lives and the world. I have some… Continue reading Clean Technica: The DOJ’s Investigation Into Short Selling Is A Good Thing For Investors001559
Clean Technica: Plugin Vehicles = 23% Of New Car Sales In France001558
Plugins continue to rise in France, with last month’s plugin vehicle registrations ending at 28,578 units, divided between 16,416 BEVs and 12,162 PHEVs. The former jumped 71% year over year (YoY), while the latter were up 35%. With the overall market keeping its losses to just a 3% drop, plugins reached 23% share of the… Continue reading Clean Technica: Plugin Vehicles = 23% Of New Car Sales In France001558
Apple’s AirTag drops to $25 for Amazon Prime members at Woot
It’s now that much more affordable to scoop up an AirTag and track your keys or bag from your iPhone. Woot is selling single units of Apple’s item tracker for $25 to Amazon Prime Members, and $27 for everyone else. The sale runs either until the end of 2021 or supplies run out, so this… Continue reading Apple’s AirTag drops to $25 for Amazon Prime members at Woot
Someone ‘briefly compromised’ the Indian Prime Minister’s Twitter account
People aren’t done hijacking major politicians’ Twitter accounts for financial gain. TechCrunch reports an intruder temporarily seized control of Indian Prime Minister Narendra Modi’s Twitter account on December 12th in local time. The attacker tweeted a bogus claim that India had adopted Bitcoin as legal tender and pointed users to a (thankfully broken) scam website.… Continue reading Someone ‘briefly compromised’ the Indian Prime Minister’s Twitter account