Monthly Archives: January 2023

India’s Jio partners with Gamestream in cloud gaming push

Mukesh Ambani, one of Asia’s richest men, has made a splash in many industries over the past three decades. It now appears he has set his eyes on a new sector: Gaming. JioGames, part of Reliance Industries’ telecom platform Jio, … Continue reading

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Why Africa had no unicorns last year despite record fundraising haul

The African tech scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billion and $5 billion and produced five unicorns. In my piece detailing this progress, I predicted there would be more unicorns … Continue reading

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Clouds might be scattering in China’s venture capital world

The outlook of investing in China is suddenly brightening up as the country gradually phases out its draconian zero-COVID policy, which has caused disruptions in businesses of all kinds and kept the country’s borders shut for the last three years. … Continue reading

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FTX: Collapsed crypto giant recovers $5bn of assets

The firm’s former chief executive Sam Bankman-Fried is accused of orchestrating an “epic” fraud.

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Apple is reportedly working on MacBooks with touchscreens

After years of denials and loathing, Apple may finally be getting around to bringing touchscreens to MacBooks. According to Bloomberg, Apple is actively working on this project and may break away from its long-standing approach of designing a traditional desktop … Continue reading

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Stripe’s internal valuation gets cut to $63 billion

Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported by The Information, puts Stripe’s internal per-share price … Continue reading

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Amazon union victory at Staten Island warehouse upheld by federal labor board

Amazon said it intends to appeal the National Labor Relations Board’s ruling.

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PasarPolis is now one of Indonesia’s first full-stack insurtechs

Indonesia’s PasarPolis is now able to underwrite its own products, making it one of Indonesia’s first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia … Continue reading

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Microsoft looked at buying Figma but declined to put in an offer as Adobe deal was nearing

Microsoft had its hands full with Activision Blizzard but was also seeing how Figma’s software was taking off internally.

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Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF 

Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based Pwarp Investment. The entertainment subsidiary of South Korean internet giant Kakao operates … Continue reading

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