Delaware Public Employees’ Retirement System (DPERS) has committed up to $65 million to two latest Asia funds managed by alternative investment giant Carlyle Group and China-focused venture capital firm IDG Capital. The US pension fund will invest up to $40 million in Carlyle Asia Partners VI, which was reported to be seeking between $8 billion… Continue reading US pension commits up to $65m to Carlyle, IDG Capital’s new funds
Category: Tech News
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Indonesian tech giant GoTo plans to raise fresh capital through private placement …
Tech giant GoTo, which raised $1.1 billion through an IPO on the Indonesia Stock Exchange (IDX) in April, is planning to raise fresh capital from a new investor through a private placement of shares. In a filing to the IDX on Friday, GoTo said it plans to issue 118.43 billion shares, representing a roughly 10%… Continue reading Indonesian tech giant GoTo plans to raise fresh capital through private placement …
General Atlantic plans to invest over $2b in India, SE Asia over next two years …
Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer,… Continue reading General Atlantic plans to invest over $2b in India, SE Asia over next two years …
India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as a sign… Continue reading India must establish crypto rules for regulatory ‘peace, certainty’, says CoinSwitch CEO
India: Paytm payments bank says central bank may lift curbs in 3-5 months
India’s Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters. In March, the Reserve Bank of India ordered a comprehensive audit of the company’s IT systems, citing “material” supervisory concerns, without elaborating further,… Continue reading India: Paytm payments bank says central bank may lift curbs in 3-5 months
Vietnam sacks head of the country’s main stock exchange over “wrongdoing”
Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft. Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. He was also… Continue reading Vietnam sacks head of the country’s main stock exchange over “wrongdoing”
Waymo is expanding its driverless program in Phoenix
Waymo is pulling the human safety driver out of its recently expanded robotaxi operations in downtown Phoenix, Dmitri Dolgov, co-CEO of Waymo, announced on the TechCrunch Sessions: Mobility stage on Wednesday. “We will be starting fully autonomous, rider-only operations in the downtown Phoenix area that will…be on the fifth generation of our system on the… Continue reading Waymo is expanding its driverless program in Phoenix
Elon Musk says Tesla will have self-driving cars without need for human driver this time next year
Elon Musk told reporters in Brazil that Tesla will have self-driving cars without the need for human drivers behind the wheel for supervision or at all really around this time next year. It’s Musk’s latest timeline on Tesla’s full self-driving effort, but he has been wrong about those in the past. The Tesla CEO was… Continue reading Elon Musk says Tesla will have self-driving cars without need for human driver this time next year
Hyundai is building EV and battery production facilities in Georgia
Hyundai is building facilities dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC). The South Korean automaker will spend $5.5 billion on the new facilities and will receive an additional $1 billion investment from its suppliers. Hyundai expects production at the 2,923-acre site… Continue reading Hyundai is building EV and battery production facilities in Georgia
Tesla files plans for diner/drive-in theater supercharger on Santa Monica Blvd. in Hollywood
Tesla has reportedly filed plans for a 29-stall supercharger and diner/drive-in theater location in Hollywood, Los Angeles, California. The location is at 7001 Santa Monica Boulevard at the intersection with Orange Drive. Tesla originally planned to build the diner in the coastal city of Santa Monica, but then moved the plans to Hollywood. Now, perhaps… Continue reading Tesla files plans for diner/drive-in theater supercharger on Santa Monica Blvd. in Hollywood