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Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund…

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Posted in Automotive cruise Cruise Automation Ford general counsel General-Motors Kyle Vogt mary barra Softbank Spyker Tech Transportation U.S. Securities and Exchange Commission

In recruiting win, GM’s Cruise employees offered equity in Cruise

In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather…

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Posted in Andreessen Horowitz asia Baidu blockchain China Connie Chan Cryptocurrency decentralization didi Finance Huobi Meituan-Dianping sequoia capital Softbank Tech Tencent Uber Venture capital Y Combinator

Cryptocurrency and blockchain bring Asia funds to the forefront of U.S. tech

Since early 2017, there’s been a new trend in the U.S. where a number of Asian funds have been actively involved in early-stage crypto investing….

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Posted in Economics Softbank vision WallSt

SoftBank: Vision or Delusion?

Assessing the likelihood of success for the unprecedented VC giant On October 14, 2016, SoftBank shocked the world with the announcement of its $100 billion…

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TechCrunch Disrupt SF 2018 dives deep into artificial intelligence and machine learning

As fields of research, machine learning and artificial intelligence both date back to the 50s. More than half a century later, the disciplines have graduated…

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Sequoia wraps up new $695M fund for India and Southeast Asia

Sequoia has announced the close of its newest fund for India and Southeast Asia. The firm has raised $695 million for this fund, which is its…

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Posted in Alibaba alibaba group asia China consumer finance Didi Chuxing Fundings & Exits Japan online payments Paytm Softbank SoftBank Group Tech Tencent Vision Fund zhong an ZhongAn

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability…

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Sino-U.S. investment firms are targeting over $4 billion for new funds launched this year

As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and…

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Posted in asia China dcm ventures ggv capital Kleiner Perkins Matrix Partners China Meituan-Dianping nea sequoia capital Softbank TC Tech U.S. Securities and Exchange Commission Venture capital Xiaomi

Sino-US investment firms are targeting over $4 billion for new funds launched this year

As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and…

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Posted in 99 apps asia auto carsharing China Collaborative Consumption didi Didi Chuxing Fundings & Exits Softbank SoftBank Group Tech transport Uber

China’s Didi beefs up its newly-independent car services business with an acquisition

A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an…

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Posted in elon musk Howard Hughes hyperloop los Angeles Renewable Energy Securities and Exchange Commission Softbank SpaceX spokesperson TC Tech Tesla transport

Rapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private drama

If Azealia Banks’ Instagram account is to be believed, Elon Musk’s tweets about Tesla’s take-private deal can be chalked up to some good ole acid…

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India’s budget hotel network OYO moves into wedding banquet services

OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s…

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Posted in elon musk Softbank TC Tech Tesla

A private Tesla backed by Saudi Arabia might not be as far-fetched as you think

This week the business and tech world was stunned when Elon Musk hinted on August 7, via Twitter of course, that he wanted to take…

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With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs

Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat…

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AI training and social network content moderation services bring TaskUs a $250 million windfall

TaskUs, the business process outsourcing service that moderates content, annotates information and handles back office customer support for some of the world’s largest tech companies,…

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Posted in 99 artificial intelligence asia Australia Bhavish Aggarwal Brazil carsharing ceo China Collaborative Consumption Dara Khosrowshahi didi Didi Chuxing DST Global europe India Japan LONDON manchester Mexico Ola Softbank SoftBank Group taiwan Taxify Tech Tencent transport transport for london Uber unicorn United Kingdom

India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK

The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its…

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Posted in 99 artificial intelligence asia Australia booking holdings Brazil car sharing carsharing China Collaborative Consumption didi Didi Chuxing food delivery Japan Mexico Softbank SoftBank Group taiwan Tech transport Uber

China’s Didi pumps $1B into its rebranded driver services business

Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also…

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Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in…

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