A Hong Kong court on Monday said it will hold sanction hearings on Sept. 5-6 to decide whether to approve an offshore debt restructuring plan by embattled property developer China Evergrande Group. Evergrande, the poster child of the property sector crisis in China, has $330 billion in liabilities making it the world’s most indebted developer.… Continue reading Hong Kong court to decide on China Evergrande’s debt restructuring plan in Sept
Category: Tech News
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Online streaming platform China Ruyi buys stake in Dalian Wanda’s unit for $320m
China Ruyi Holdings, a movie production and online streaming company, said one of its subsidiaries will buy a 49% stake in an investment unit of Dalian Wanda Group for 2.3 billion yuan ($320.08 million). The share disposal was expected to help Dalian Wanda, China’s largest commercial property developer, with the refinancing of a $400 million bond that… Continue reading Online streaming platform China Ruyi buys stake in Dalian Wanda’s unit for $320m
BYJU’s, lenders may alter Term B loan pact: Report
Embattled Indian edtech startup BYJU’s has reached a tentative agreement to rework its loan pact with lenders who collectively own more than 85% of the $1.2-billion Term B loan, the Economic Times reported on Monday. BYJU’s and the group of lenders have agreed to work collaboratively toward a signed and completed term loan amendment prior… Continue reading BYJU’s, lenders may alter Term B loan pact: Report
‘Star Trek: Strange New Worlds’ season 2 will include a musical episode
It’s the latest in a delightful tradition of musical TV episodes, and looks like a banger. Star Trek musical parodies have been a thing since the Shatner days, but no official Star Trek musical has ever been released officially. That’s about to change, though, as Star Trek: Strange New Worlds season 2 will feature the first… Continue reading ‘Star Trek: Strange New Worlds’ season 2 will include a musical episode
Tesla Cybertruck spotted with wrap that makes it look like a Ford F-150
A picture of a Tesla Cybertruck with a wrap that makes it look like a Ford F-150 has leaked from a Tesla shop. It looks like Tesla is trolling, but more importantly, the picture raises questions about the Cybertruck’s frunk. Lately, we have seen several Tesla Cybertruck prototypes with wraps driving in California. The automaker… Continue reading Tesla Cybertruck spotted with wrap that makes it look like a Ford F-150
Cleantechnica: Teapot Trixie — Speed Racer 002915
Robert Isaac, self-confessed über-nerd and track racer, brought his modified Model 3 Performance to our electric vehicle event in Bundaberg a couple of weeks ago and told me his fascinating story. He has allowed me to share it with the readership of CleanTechnica. Enjoy. Modified for the track, teapot racer. Photo by Majella Waterworth.” data-medium-file=”https://cleantechnica.com/files/2023/07/361281371_302436842152648_6861629331884813371_n-scaled-e1690134405643-400×214.jpg”… Continue reading Cleantechnica: Teapot Trixie — Speed Racer 002915
Clean Technica: New Car Owners, Including Tesla Owners, Less Satisfied Than In Prior Years — J.D. Power002914
J.D. Power does surveys. Lots and lots of surveys. Its business is collecting people’s opinions about things and then sharing that information with businesses — for a fee. For the past 28 years, it has been asking new car owners how satisfied they are with their cars in something called the U.S. Automotive Performance, Execution,… Continue reading Clean Technica: New Car Owners, Including Tesla Owners, Less Satisfied Than In Prior Years — J.D. Power002914
Cleantechnica: Tesla Aims To Double Or Triple Giga Berlin Production Capacity To 1 Million Cars Per Year 002913
If anyone is concerned about demand for Tesla vehicles leveling off or dropping, it certainly isn’t Tesla. One example of that is what Tesla is now requesting from the authorities in Germany — to significantly expand Giga Berlin (the company’s already massive German factory). There are multiple aspects to this, but let’s start with the… Continue reading Cleantechnica: Tesla Aims To Double Or Triple Giga Berlin Production Capacity To 1 Million Cars Per Year 002913
Hiker Dies in Death Valley Hours After Doing Interview With Newspaper
“Everything is hot here.” Dangerous Levels A 71-year-old hiker died in Death Valley, California just hours after giving an interview to the Los Angeles Times about his voyage. As the LA Times reported in a followup, its recent interviewee Steven Curry died last week after collapsing from what officials believe were heat-related causes in the hottest… Continue reading Hiker Dies in Death Valley Hours After Doing Interview With Newspaper
Vietnamese EWA startup GIMO raises $17.1m in Series A roundThe round was led by TNB Aura.
Vietnamese earned wage access (EWA) startup GIMO has announced the completion of a Series A funding round raising a total of $17.1 million. The funding, which comprised a mix of equity and debt financing, comes five months after GIMO secured $5.1 million in the first close. The round was led by TNB Aura, with participation… Continue reading Vietnamese EWA startup GIMO raises $17.1m in Series A roundThe round was led by TNB Aura.