We don’t often write about bicycle components, but it’s not everyday that an innovation like the Schaeffler Free Drive is announced for pedal-assisted e-bikes. The so-called “bike-by-wire” system, first spotted by Electrek, dispenses with the need to string a chain or belt between the pedals and motor. It’s an all-electric drive system that allows for… Continue reading This chainless drive system could revolutionize e-bike designs
Category: Tech News
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SGX halves minimum m-cap requirement for SPACs to $111m in final framework …
Premium The Singapore Exchange (SGX) is allowing Special Purpose Acquisition Companies (SPACs) to list at a lower minimum value of S$150 million ($111 million), compared with S$300 million suggested in the initial SPAC framework, according to an announcement. This confirms a report first released by DealStreetAsia last month. Go to Source
China’s Alibaba Group to invest $15.5b towards “common prosperity”
China’s Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping. Beijing has been encouraging companies to share wealth as part of the effort to ease inequality in the world’s second-largest… Continue reading China’s Alibaba Group to invest $15.5b towards “common prosperity”
India: Invest-tech platform dezerv. raises $7m in seed funding from Elevation Capital, Matrix
dezerv., an ‘expert’ investing tech platform, has raised $7 million in a seed funding round co-led by Elevation Capital and Matrix Partners India, with participation from reputed investors such as Whiteboard Capital, Nath Ventures and Blume Founders Fund. Given that this is a seed round, the size of the capital raised was quite substantial. Established… Continue reading India: Invest-tech platform dezerv. raises $7m in seed funding from Elevation Capital, Matrix
China Digest: Allsense, CN Technology in funding news
Industrial internet firm Allsense has raised its Series B round. In a separate development, Shanghai CN Science and Technology Co., Ltd has garnered a new round of funding, led by Matrix Partners China. Allsense raises funding Allsense, which provides industrial internet solutions for thermoelectric energy production in China, has secured a Series B round of… Continue reading China Digest: Allsense, CN Technology in funding news
People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments
Global early-stage VC Antler has appointed Subir Lohani as partner and Indonesia country head. Meanwhile, private equity firm CVC Capital Partners (CVC) has roped in Brett Sutton as Chair of Australia as it is set to open an office in Sydney. In yet another development, Indosuez Wealth Management has appointed Ian Koo as the new… Continue reading People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments
Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative
Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before voters that would define drivers as independent contractors rather than employees. Backers of the initiative, which is essentially a MA version of Proposition 22, would… Continue reading Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative
Tesla ordered to share Autopilot data with the US traffic safety agency
The US National Highway Traffic Safety Administration has ordered Tesla to hand over detailed Autopilot data by October 22nd or else face fines of up to $115 million, according to The New York Times. Back in August, NHTSA announced that it’s investigating incidents wherein Tesla vehicles with Autopilot activated crashed into parked first responder vehicles… Continue reading Tesla ordered to share Autopilot data with the US traffic safety agency
This week’s ‘Lower Decks’ engages in old-school Trek tropes
This post contains minor spoilers for season two, episode four of ‘Star Trek: Lower Decks.’ If you were a Star Trek newbie, today’s episode of Lower Decks, “Mugato, Gumato,” is not a good place to start. It’s packed full of references across the franchise, including Beckett Mariner, Sam Rutherford and Brad Boimler engaging in a… Continue reading This week’s ‘Lower Decks’ engages in old-school Trek tropes
Apple will allow some media apps to link outside the App Store for payments
Apple has been taking a lot of flak lately over the 30 percent cut it takes from app developers. Starting next year, though, certain developers will be able to avoid paying the tech giant a commission. The company has announced that it will update the App Store in early 2022 to allow developers of “reader”… Continue reading Apple will allow some media apps to link outside the App Store for payments