Saudi Venture Capital (SVC) has announced a $30-million investment in a private equity fund managed by US-based General Atlantic. Without divulging which fund it is backing, SVC said the vehicle will focus on investing in high-growth, tech-enabled companies across five core sectors of consumer, financial services, healthcare, life sciences, and technology. This investment follows SVC’s strategy… Continue reading Saudi Venture Capital invests $30m in General Atlantic’s growth fundThe investment follows SVC’s strategy to attract top global fund managers to inves…
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SEA Digest: Kasagi Labo closes $12m pre-Series A; Chainstack bags $6mAnime-focused venture studio Kasagi Labo has raised $12 million in a pre-series A…
Southeast Asian startups in entertainment and blockchain sectors have snagged fresh funding from investors to further enhance their product offerings. Kasagi Labo raises $12 million round Kasagi Labo, an anime-focused venture studio based in Singapore and Japan, on Thursday announced raising $12 million in a pre-series A round led by Burda Principal Investments, a division… Continue reading SEA Digest: Kasagi Labo closes $12m pre-Series A; Chainstack bags $6mAnime-focused venture studio Kasagi Labo has raised $12 million in a pre-series A…
Indian software firm Zoho plans $700m foray into chipmaking
Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India’s Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes… Continue reading Indian software firm Zoho plans $700m foray into chipmaking
Chinese retailer JD.com reports Q1 revenue above estimates
Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as deep price cuts helped boost sales that had been hit hard by cautious customer sentiment. U.S.-listed shares of the company rose about 3.5% in premarket trading. JD.com and bigger rival Alibaba Group have been lowering prices and offering discounts to maintain… Continue reading Chinese retailer JD.com reports Q1 revenue above estimates
India’s Mahindra to invest $1.44b in EV unit, SUV sales help beat Q4 profit estimates
Indian automaker Mahindra & Mahindra will invest 120 billion rupees ($1.44 billion) in its electric vehicles unit, it said on Thursday, as the company beat fourth-quarter profit estimates on steady sales of its sports utility vehicles (SUVs). The company also said it will sell some assets associated with its EV car business to the electric… Continue reading India’s Mahindra to invest $1.44b in EV unit, SUV sales help beat Q4 profit estimates
India’s market regulator open to oversight of crypto trade
India’s market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities in the country are open to allowing the use of private virtual assets. The position of the Securities and Exchange Board of India (SEBI) contrasts with that of the Reserve Bank of India (RBI), which maintains that private digital currencies represent… Continue reading India’s market regulator open to oversight of crypto trade
The best 2-in-1 laptops for 2024
We have received compensation to create this article, and receive commission from purchases made via links on this page. Pricing and availability are subject to change. We’re still waiting for the perfect hybrid PC that can work as well as a tablet as it does as a laptop. As we enter 2024, it seems like… Continue reading The best 2-in-1 laptops for 2024
Fujifilm’s X-T50 has a special dial for film simulations
Fujifilm has unveiled the X-T50 APS-C mirrorless camera, a long-awaited follow-up to the consumer-friendly X-T30 and X-T30 II. The new model retains key features from the past model, including the light weight and generous manual controls. At the same time, it adds a higher-resolution 40.2-megapixel sensor, 6.2K 30p video and other features from the X-T5… Continue reading Fujifilm’s X-T50 has a special dial for film simulations
Fujifilm’s medium-frame GFX 100S II is lighter, cheaper and AI-enhanced
Fujifilm’s successor to the GFX 100S, its 2021 medium format camera with terrific performance but slow speeds, is the aptly named GFX 100S II. The new model is $1,000 cheaper, smaller, lighter and has (shocker) AI features to improve its autofocus, one of our gripes with its predecessor. The Fujifilm GFX 100S II uses a… Continue reading Fujifilm’s medium-frame GFX 100S II is lighter, cheaper and AI-enhanced
Sony PSP emulator PPSSPP hits the iOS App Store
PPSSPP, an app that’s capable of emulating PSP games, has joined the growing number of retro game emulators on the iOS App Store. The program has been around for almost 12 years, but prior to this, you could only install it on your device through workarounds. “Thanks to Apple for relaxing their policies, allowing retro… Continue reading Sony PSP emulator PPSSPP hits the iOS App Store