Co-founders Alex Craciun and Claudia Laurie Prive, a San Francisco, CA-based eCommerce subscriptions platform, raised $1.7M in pre-seed financing. The round was led by Xfund and Bling Capital, with participation from Defy Partners, Halogen Ventures, Base Case Capital, and current senior Uber executives. Founded by ex-Uber product managers Alex Craciun and Claudia Laurie, Prive provides… Continue reading Prive Raises $1.7M in Pre-Seed Funding
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Audi’s Grandsphere concept car is another luxurious living room on wheels
Automakers love concept cars that tease a future in which very rich people ride around in autonomous vehicles that look like luxurious living spaces. The latest is Audi’s Grandsphere, a spacious electric sedan with an interior that looks like it was designed by a Kardashian. The car is designed to be adjustable based on the… Continue reading Audi’s Grandsphere concept car is another luxurious living room on wheels
China Digest: Vertilite, Yunyou Freight in funding news …
Semiconductor firm Vertilite has pocketed “tens of millions of US dollars” in a Series C3 round of financing, while Tencent-backed logistics provider Yunyou Freight has raised a Series B+ round. Summitview leads funding in Vertilite Semiconductor firm Vertilite said on Thursday that it has pocketed “tens of millions of US dollars” in a Series C3… Continue reading China Digest: Vertilite, Yunyou Freight in funding news …
Binance may have breached rules, says Singapore central bank …
Singapore central bank said on Thursday that Binance, one of the world’s largest cryptocurrency exchanges by trading volume, could be in breach of local laws and should stop providing payment services to the city-state’s residents. “MAS has reviewed Binance.com’s operations and is of the view that Binance, the operator of Binance.com, may be in breach of the Payment Services… Continue reading Binance may have breached rules, says Singapore central bank …
India: Government seeks bids from legal advisors for LIC’s IPO a second time
However, the RFP did not receive sufficient response. The Department of Investment and Public Asset Management (DIPAM) on Thursday came out with the second RFP for appointing legal firms, who have to bid in consortium with an international firm, and the last date for bidding is September 16. “Considering insufficient demand received in the first… Continue reading India: Government seeks bids from legal advisors for LIC’s IPO a second time
Australia, Malaysia, SG, South Africa to trial cross border payments with digital currencies
Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday. Many governments and central banks around the world are exploring the use of CBDCs, which are digital forms… Continue reading Australia, Malaysia, SG, South Africa to trial cross border payments with digital currencies
BNP Paribas in talks to partner AgBank’s unit for Chinese wealth management JV
BNP Paribas‘ asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank), sources said, as the French firm pursues a bigger slice of China’s $19 trillion market. China further deregulated its financial markets in 2019, allowing foreign asset managers to form majority-owned wealth management ventures… Continue reading BNP Paribas in talks to partner AgBank’s unit for Chinese wealth management JV
Japan’s OK Corp to bid for Kansai Super Market, challenging H2O Retailing integration
Japanese supermarket operator OK Corp will launch a counter bid for Kansai Super Market Ltd., which has already agreed to integrate with H2O Retailing, the Nikkei reported on Thursday. OK Corp will attempt to win support from shareholders to oppose the integration at a shareholders meeting scheduled for Oct. 29, when a share exchange between Kansai Super Market and H2O Retailing… Continue reading Japan’s OK Corp to bid for Kansai Super Market, challenging H2O Retailing integration
Amazon’s Wheel of Time show is finally revealed in its first trailer
The first trailer for The Wheel of Time TV series has arrived, giving an early look at Amazon’s upcoming adaptation of Robert Jordan’s epic 14-book fantasy series ahead of its November 19th release date on Amazon Prime Video. The trailer sets the stage for the series, establishing some of the basic tenets of Jordan’s world,… Continue reading Amazon’s Wheel of Time show is finally revealed in its first trailer
AxleHire to scale Tortoise and URB-E zero-emissions delivery solutions nationally
Last-mile logistics supplier AxleHire provides same-day and next-day delivery through a network that includes gig economy, couriers and traditional carriers. Over the past year, it has been quietly piloting automated repositioning startup Tortoise’s remote controlled delivery robots in Los Angeles and compact container delivery service URB-E’s e-bike container delivery in New York City. On Thursday,… Continue reading AxleHire to scale Tortoise and URB-E zero-emissions delivery solutions nationally