Category: Tech News

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SE Asia Digest: Lazada rebrands logistics arm, AIA teams up with GLP

E-commerce major Lazada has rebranded its logistics arm to Lazada Logistics, while insurance major AIA Group Limited has teamed up with Singapore-based GLP for logistics and real estate investments. Insurer AIA and SG’s GLP team up for logistics real estate investments AIA Group Limited announced that it is investing in the global logistics real estate… Continue reading SE Asia Digest: Lazada rebrands logistics arm, AIA teams up with GLP

ChrysCapital, True North, others pick minority stake in QuEST Global for $150m

Private equity firms ChrysCapital and True North Managers LLP along with other institutional investors have picked up a minority stake in product engineering and lifecycle services company QuEST Global for $150 million, per an announcement. The investors have completed the purchase of a portion of the shares held by the co-founders and management team of… Continue reading ChrysCapital, True North, others pick minority stake in QuEST Global for $150m

Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a… Continue reading Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

Lucid says its first electric car drove 445 miles from Los Angeles to San Francisco without charging, easily besting Tesla’s range (LCID, TSLA)

In a range test with Motortrend, the Lucid Air drove 445 miles on a charge with energy to spare.  Tesla has led the range game for years with the Model S, which has an EPA range of 405 miles.  Lucid claims its $169,000 Air Dream can travel up to 517 miles on a full battery. … Continue reading Lucid says its first electric car drove 445 miles from Los Angeles to San Francisco without charging, easily besting Tesla’s range (LCID, TSLA)

Crypto’s explosive growth means investors must ‘get on board, or be left behind,’ says the ETF product manager at $71.2 billion VanEck — and these 5 stocks are ways to play the trend without owning volatile tokens directly

Digital assets and cryptos are taking off, and it’s either “get on board, or be left behind.” That’s according to JP Lee, the ETF product manager at VanEck, who sees big potential for the space. Here are five stocks to watch as the digital asset revolution continues. See more stories on Insider’s business page. Cryptocurrencies… Continue reading Crypto’s explosive growth means investors must ‘get on board, or be left behind,’ says the ETF product manager at $71.2 billion VanEck — and these 5 stocks are ways to play the trend without owning volatile tokens directly

Elon Musk’s former battery guru details his plan to make his startup the Tesla of an emerging billion-dollar industry

Anil Paryani spent five years at Tesla working on the Model S and Roadster. He’s now CEO of Auto Motive Power, a California EV energy management startup. Here’s how Paryani said he hopes AMP becomes the Tesla of its industry. Anil Paryani doesn’t just pull inspiration from his time at Tesla as he runs his… Continue reading Elon Musk’s former battery guru details his plan to make his startup the Tesla of an emerging billion-dollar industry

Ark Invest’s Cathie Wood has high hopes for Chinese stocks in the long run — and says her fund’s analysts were blown away by Tesla’s AI day

Ark Invest; Insider Cathie Wood is positive about China stocks in the long term, and revealed in a recent interview that Ark Invest’s analysts were blown away by Tesla’s AI Day. “I’m not pessimistic about China longer run because I think they’re a very entrepreneurial society,” she said on Bloomberg Radio in a Tuesday interview.… Continue reading Ark Invest’s Cathie Wood has high hopes for Chinese stocks in the long run — and says her fund’s analysts were blown away by Tesla’s AI day

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Cribl Raises $200M in Series C Funding

Cribl, a San Francisco, CA-based Observability Pipeline company, raised $200m in Series C funding. The round, which brought total funding to $254m, was led by Greylock and Redpoint Ventures, with participation from new investor IVP, existing investors Sequoia and CRV, and strategic backers Citi Ventures and CrowdStrike. The company intends to use the funds to expand operations and… Continue reading Cribl Raises $200M in Series C Funding