Extreme heat, fires, flash floods, intense rain, hurricane-force winds, and tornadoes left people reeling from coast to coast across the US this week. Each event on its own is dangerous. Striking all at once or in quick succession, the sum of the disasters grows monstrous, overwhelming communities. “What we’re learning is that the unthinkable may… Continue reading Floods, fires, and extreme heat: disaster pile-ups are the new norm
Category: Tech News
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Build Your Own Self-Driving Car With This DIY Kit
Self-driving cars are the future in more ways than we realize. While robot taxis are cool, self-driving and self-operating tech will have enormous impacts on industries ranging from construction to medical to care to public transit. If you want to learn how AVs work, or have a budding engineer who wants to know, Wheelson will… Continue reading Build Your Own Self-Driving Car With This DIY Kit
SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Indian e-commerce player Snapdeal is looking to raise $400 million from an initial public offering (IPO) at a valuation of about $2.5 billion, Bloomberg reported on Friday citing sources. The company, which counts SoftBank Group Corp. among its investors, has begun talking to advisors about a potential listing in Mumbai as soon as next year,… Continue reading SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report …
Beijing city looks to bring ride-hailing firm Didi under state control: Report
Beijing city is considering taking Didi Global under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the Beijing city government’s proposal is to regain control over one of its largest corporations, and particularly the data it holds, Friday’s Bloomberg report said. Under the preliminary… Continue reading Beijing city looks to bring ride-hailing firm Didi under state control: Report
JD.com unit makes $513m offer for controlling stake in China Logistics
Chinese e-commerce giant JD.com Inc’s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings, the companies said in a joint exchange filing on Friday. JD Property Group offered to buy a 26.38% stake in China Logistics for HK$4.35 per share from… Continue reading JD.com unit makes $513m offer for controlling stake in China Logistics
China’s Baidu Ventures raises $400m for third fund, to bet on new technologies
Baidu Ventures (BV), the investment arm of Chinese search engine giant Baidu, announced on Friday that it has raised $400 million for its third fund, in a bid to bet on the new technology industry. While it didn’t disclose if it’s a dollar-denominated fund, Baidu Ventures revealed that the fresh fund brings its total assets… Continue reading China’s Baidu Ventures raises $400m for third fund, to bet on new technologies
Indonesian startup J&T Express said to seek over $2b in pre-IPO round
Indonesian courier startup J&T Express is in talks with investors to raise more than $2 billion ahead of a Hong Kong initial public offering (IPO), and is looking to expand in Latin America, three people with knowledge of the matter told Reuters. The logistics firm is seeking to hit a $20 billion valuation with the… Continue reading Indonesian startup J&T Express said to seek over $2b in pre-IPO round
Eight things Apple could do to prove it actually cares about App Store users
When you spend money in Apple’s App Store, the company generally takes a 30 percent cut — one that adds up to an estimated $19 billion per year. Apple’s currently in the fight of its life to prove to judges, government regulators, and its own developers that it deserves those dollars, but not everyone’s buying… Continue reading Eight things Apple could do to prove it actually cares about App Store users
Elon Musk: ‘This is craziest month of deliveries Tesla (TSLA) will ever have’
Elon Musk told Tesla (TSLA) employees that “this is the craziest month of deliveries Tesla will ever have.” The CEO stated that Tesla is again trying to stop its draining end-of-quarter delivery pushes, but he expects a big one this quarter. Tesla has been known to have intense end-of-quarter delivery pushes due to its distribution… Continue reading Elon Musk: ‘This is craziest month of deliveries Tesla (TSLA) will ever have’
Singapore Exchange’s SPAC rules seen giving market much-needed boost …
Singapore Exchange’s new rules for special purpose acquisition companies (SPACs) are likely to help it attract regional funds and fast-growing firms, as it seeks to revitalise a staid market for equity listings, market participants said. Some of them expect Southeast Asian startups, especially from the tech sector, to take advantage of SGX becoming the first… Continue reading Singapore Exchange’s SPAC rules seen giving market much-needed boost …