Singapore-based NextBillion.ai on Monday announced it has raised $21 million in a Series B funding round led by global investment firm Mirae Asset Capital. The financing was joined by Lightspeed India, Microsoft’s venture fund M12, and Alpha Wave Global. The Series B comprises $18.75 million in equity funding, show NextBillion.ai’s filings with Singapore’s Accounting and… Continue reading Mirae Asset invests $15m as Singapore’s NextBillion.ai raises $21m in Series B …
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China’s Jinke Smart Services halts trading ahead of M&A announcement
Chinese property management firm Jinke Smart Services Group Co said on Monday its Hong Kong-listed shares were halted from trading pending an announcement related to mergers and acquisitions. The trading halt followed reports last week that parent company Jinke Property Group – China’s 21st largest developer by sales – might not be able to refinance… Continue reading China’s Jinke Smart Services halts trading ahead of M&A announcement
Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1. But the used cars market isn’t only enormous in Egypt; it is in almost every country with a… Continue reading Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores
AMD’s upcoming Ryzen 7000 chips will mark another major milestone for the company: they’ll be the first desktop processors running 5 nanometer cores. During her Computex keynote presentation today, AMD CEO Lisa Su confirmed that Ryzen 7000 chips will launch this fall. Under the hood, they’ll feature dual 5nm Zen 4 cores, as well as… Continue reading AMD’s Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores
Metaverse app BUD raises $37m in second funding round in just 3 months …
BUD, a virtual platform that allows users to create and share 3D interactive content with friends, has raised $36.8 million in its second funding round in three months, led by Sequoia Capital India. It had raised a $15-million Series A round in February, and with the latest new infusion, BUD’s total financing has reached over… Continue reading Metaverse app BUD raises $37m in second funding round in just 3 months …
Philippine tech retailer Upson International files for up to $103m IPO
Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an over-allotment option of up to 98.7 million shares, at a maximum price of 5.50 pesos ($0.11) each. In Philippine filings, prices of initial public offerings (IPOs) are typically set above… Continue reading Philippine tech retailer Upson International files for up to $103m IPO
Vantage Point: GoTo’s capital raising plan may take pressure off near-term US listing
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Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Japan’s diversified conglomerate Mitsui & Co and financial services group Nomura Holdings have agreed to acquire Australia-headquartered nature-based real asset manager New Forests. Mitsui, which has been a shareholder in New Forests since 2016 with a 23% stake, will increase its holding to 49%, and Nomura will become a 41% shareholder while the remaining 10%… Continue reading Japan’s Mitsui, Nomura to acquire Australian forestry asset manager New Forests
Tesla Driver Briefly Trapped in Burning Car, Kicks Out Window
“The doors wouldn’t open.” Trapped Tesla owner Jamil Jutha had only owned his Model Y for eight months before it caught on fire Friday and briefly trapped him inside, according to a CTV News report published yesterday. Jutha was driving in Vancouver that morning when the car completely turned off and lost all power to… Continue reading Tesla Driver Briefly Trapped in Burning Car, Kicks Out Window
Joe Biden is Worried About Monkeypox
Image by Getty / Futurism The President of the United States says he’ll be concerned about monkeypox if it starts to spread more widely than it already has. Following this week’s report that the disease was confirmed in the US and countries in Europe President Joe Biden addressed a press pool today while traveling to… Continue reading Joe Biden is Worried About Monkeypox