Latest news and trends about tech
Feeling ‘super bad’ about economy, Elon Musk wants to cut 10% of Tesla jobs, pauses hiring – report
The message also came two days after the world's richest man told employees to return to the workplace or leave the company.
Indonesia’s Traveloka nears $200M funding after SPAC talks – report
Traveloka had been valued at $3 billion, according to CB Insights, but Bloomberg reported in 2020 that it was seeking funds at a lower valuation.
Taking traditional gaming to the Metaverse, an interview with Red Door Digital’s Joseph Derflinger [Q&A]
Founded in 2021, Red Door Digital aims to take the ultra traditional gaming experience to the metaverse. The company is a global-to-local Web 3.0-ready game studio and publisher making award-winning AAA-quality GameFi titles a reality. The team is composed of world-class game designers and developers that not only worked on, but spearheaded the launch of…
Shell invests in Malaysia’s smart mobility solution provider ParkEasy
Shell Malaysia Trading Sdn Bhd announced Friday that it has agreed to acquire 50 percent shareholding in Pixelbyte Sdn Bhd, the company operating ParkEasy – a mobile application software that not only lets drivers park quickly in shopping malls and other locations, but also the only service in Malaysia to offer a pre-booked slot for electric vehicle (EV)…
FTX launches cryptocurrency service in Japan
FTX Trading Ltd.(FTX), a Bahamas-based cryptocurrency exchange, announced Thursday that it has launched FTX Japan to service Japanese customers. FTX Japan, operating via FTX Japan K.K. (FTX Japan), is a licensed Japanese crypto-asset exchange services provider and Type 1 Financial Instruments Business license holder.
Applications are now open for TiE SEA Women’s Pitch Competition 2022
Shortlisted candidates will be judged by a panel of regional VC’s, entrepreneurs, ecosystem leaders and tech corporate executives, and will also get networking opportunities with regional and international VC’s. The top winner of the Southeast Asia start-up founders will be flown to Dubai by TiE for the global finale.
Most digital banks are not profitable, Simon-Kucher study shows
Simon-Kucher said Thursday that it estimates there are currently close to 400 neobanks around the world, together serving nearly one billion client accounts. However, despite their lofty valuations, it found that only five percent of these challenger banks have managed to reach a breakeven point.
Indonesian agritech startup Eratani gets $1.6M fresh funding led by Trihill Capital
Eratani, an Indonesia-based agri-tech start-up company, said Thursday it has officially received initial funding of 23 billion Rupiah ($1.6 million) from 29 investors led by Trihill Capital, followed by Kenangan Fund and Kopital Network. The fresh funds will be used to build the ecosystem and supply chain; strengthen expansion and penetration throughout…
Climate financing: A failure of current systems of accountability?
As we seek better and tighter structures to dish out climate finance, there is increasing rhetoric on both the good and bad that blockchain technology brings. It is up to us as global citizens, global communities, and companies to band together and call upon greater accountability for the survival of our planet.
Allianz Insurance Singapore expands its digital capabilities with Fermion’s SaaS claims platform and enters the Singapore Motor Insurance ecosystem
The digital claims platform helps deliver a better customer experience and enables the insurer to attain robust claims management and cost control capabilities.
