Amazon.com said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore there next year, in the latest pullback by a US tech firm from the restrictive Chinese market. Amazon announced the decision on its official WeChat account on Thursday, saying it was adjusting the strategic focus of its operations and that its other business lines… Continue reading Amazon to pull Kindle e-readers out of China, other businesses to remain
Category: Tech News
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You can request an invite to buy a PS5 on Amazon
Amazon is offering a new and more orderly way for shoppers to buy a PS5. You can request an invitation right here on the console’s product page (it’s to the right, where a “buy” button would normally be located), and the company says that if you’re chosen, you’ll receive an e-mail with a link to… Continue reading You can request an invite to buy a PS5 on Amazon
Ford announces new Mustang, Ranger, and commercial EV in major Midwest expansion
Ford announced it will invest $3.7 billion in manufacturing facilities in Michigan, Ohio, and Missouri, with the promise to create 6,200 new unionized jobs, as part of a major Midwestern expansion. The automaker also unveiled plans for an updated Mustang, Ranger, and a new electric commercial vehicle. In a joint announcement with the United Auto… Continue reading Ford announces new Mustang, Ranger, and commercial EV in major Midwest expansion
Polestar’s experimental EV, nicknamed ‘Beast,’ is getting a limited production run
Polestar’s experimental, high-performance one-off for the 2021 Goodwood Festival of Speed — nicknamed “Beast” — is going into limited production. The Swedish EV maker announced plans to make and sell 270 units of the 476-horsepower fastback sedans, with 47 of those vehicles intended for the US market. The Polestar 2 “BST edition 270,” named for… Continue reading Polestar’s experimental EV, nicknamed ‘Beast,’ is getting a limited production run
KB Investments, Kalaari co-lead $13m funding in Eloelo and other India deals …
Live video-streaming platform Eloelo on Thursday announced that it has raised $13 million as a part of its Series A funding round co-led by KB Investments, Kalaari Capital along with existing investors Waterbridge Ventures and Lumikai Fund. Convivialité Ventures and Rocket Capital also participated in the round. This is the startup’s second successive round in… Continue reading KB Investments, Kalaari co-lead $13m funding in Eloelo and other India deals …
Greater China: NuProbe raises $50m and 18 more deals worth $377m
Chinese genomics and molecular diagnostics firm NuProbe has secured $50 million in a Series B round of financing to move forward with its product and team expansion plans in China and the US. The Series B round was led by its existing shareholder Panlin Capital and a $1-billion joint fund between British-Swedish pharmaceutical giant AstraZeneca… Continue reading Greater China: NuProbe raises $50m and 18 more deals worth $377m
Amazon employees call on Amazon to stop selling books deemed as anti-trans
In 2021, a handful of Amazon employees quit the company over its decision to sell books that suggest kids who identify as transgender are mentally ill. Now, a group of employees is protesting its continued sale of those books by disrupting a Pride event at its headquarters in Seattle. According to The Washington Post, around… Continue reading Amazon employees call on Amazon to stop selling books deemed as anti-trans
Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …
Global investment firm Cathay Capital has secured the first close of its second RMB-denominated growth fund at over 1.6 billion yuan (almost $240 million), while it targets 3 billion yuan ($447.6 million) for the final closing, the firm announced on Thursday. Cathay Growth RMB Fund II is backed by cornerstone investors Valeo, a publicly-listed automotive… Continue reading Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …
SG crypto finance startup Cloudwall Capital nets $6.3m and other SE Asia deals
Cloudwall Capital, a Singapore-based crypto-focused digital asset risk management startup, has announced raising $6.3 million in a seed funding round co-anchored by UK-based venture capital investors LocalGlobe and Illuminate Financial. Launched in 2021, Cloudwall Capital seeks to bridge the traditional finance world with digital assets and decentralised finance. Its product, Serenity, is building risk management… Continue reading SG crypto finance startup Cloudwall Capital nets $6.3m and other SE Asia deals
Data Vantage: Tiger Global backs KitaLulus and HitPay, and other updates
Indonesia-based jobs platform KitaLulus has secured $8.15 million in a Series A funding round led by Tiger Global Management, according to regulatory filings. The round was joined by Rocketship.vc, Go-Ventures, Indogen Capital, FEBE Ventures and Goodwater Capital. Several angel investors also participated in the round, including former GoPay CEO Aldi Haryopratomo, Pluang CEO Claudia Kolonas,… Continue reading Data Vantage: Tiger Global backs KitaLulus and HitPay, and other updates