Tech

Hearst, EDBI, DBS invest USD133 million in iflix to scale
Tech

Hearst, EDBI, DBS invest USD133 million in iflix to scale

Hearst, an American focused media investment company has invested USD133 million iflix, a Malaysia-based video streaming platform that is competing with Netflix in the Asian axis. Other investors in the round included Singapore-based EDBI and clients of DBS private bank. iflix has received investment from other noteworthy investors such as […]

Blue Sky satellite company restates commitment to Brazil
Tech

Blue Sky satellite company restates commitment to Brazil

Blue Sky Network, an industry leading global provider of satellite asset tracking and fleet management solutions, has announced that the company’s new management team, led by President Gregoire Demory, would attend the LABACE trade show August 15th to 17th in Sao Paulo. LABACE is Latin America’s largest, and the world’s […]

Kinnevik appoints Henrik Poulsen as vice chairman
Tech

Kinnevik appoints Henrik Poulsen as vice chairman

Kinnevik has announced the appointment of Henrik Poulsen as Deputy Chairman alongside Dame Amelia Fawcett. Henrik Poulsen was elected Director of the Board at the Annual General Meeting 2017 and he is a member of Kinnevik’s Audit Committee. Henrik Poulsen is the Chief Executive Officer of Dong Energy, the global […]

Anders Borg resigns from Kinnevik’s board
Tech

Anders Borg resigns from Kinnevik’s board

Kinnevik has announced the resignation of Anders Borg from its board of directors with immediate effect. Kinnevik said in a brief statement issued today that “Earlier today, Mr Anders Borg tendered his resignation as a Director of Kinnevik with immediate effect. The Board has accepted his resignation”. The company did […]

Kering drops counterfeit lawsuits against Alibaba
Tech

Kering drops counterfeit lawsuits against Alibaba

Alibaba and Kering said they have partnered to combat fakes and counterfeiting of the former’s brands as well as the intellectual property of its many luxury fashion brands. As a result of the partnership, Kering said it has agreed to dismiss the lawsuit filed against Alibaba and Alipay, an Ant […]

Image: NG HAN GUAN/ASSOCIATED PRESS
Tech

Tesla says revenue jumped by 93% in Q2

Tesla said its automotive revenue surged by 93% in the second quarter compared to 2016. Growth was due to 53% growth in total vehicle deliveries, and a smaller percentage of vehicles sold with residual value risk that were subject to lease accounting. Compared to the prior quarter, automotive revenue was […]