Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. The link to the draft rules was no longer accessible as of this morning, as first reported by Reuters. Shares of […]
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In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia-based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV Fund V. Limited partners include the World’s Bank’s IFC and investors from the United States, […]
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European VC Plural has carved out a reputation for itself as one of the few VC’s in the region started and led by entrepreneurs who grew their own startups, with its founders including Taaavet Hinrikus from Transferwise/Wise; Sten Tamkivi; and Ian Hogarth, the founder of Songkick who more recently has also added a role with […]
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MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.” “Advertisers saw the attention it was getting and bought ads on my video (I think) and thus my revenue per view is prob higher than what […]
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Sierra Space has completed a key test of its inflatable space habitat, as the company progresses toward launching and operating a private space station with Blue Origin before the end of the decade. The “ultimate burst pressure” test of the inflatable module was conducted at NASA’s Marshall Space Flight Center. As the name suggests, the […]
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When Palworld made its inauspicious debut in a teaser a year or so back, few thought this strange, blatant Pokémon ripoff would be anything but a quickly forgotten oddity. But after its Early Access release last week, the game has broken records and sold millions — reflecting the pent-up demand for a truly modern Pokémon-type […]
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"If you're not making money, you're not having impact," said ArcTern Ventures managing partner Murray McCaig.
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It would be shortsighted to overlook edtech amid the present downturn, especially now that AI is disrupting nearly every industry out there.
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Like a tenacious balloon, no matter how hard crypto gets knocked down, it tends to float back up again. But the current crypto bust looks a bit different.
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Journal app Day One is introducing Shared Journals, a new social feature that lets you share stories and memories with your friends and family. Shared Journals are a private space where you and your friends can share life updates with each other. It’s kind of like a small social network where you can share experiences […]
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The oil supermajor filed a lawsuit in federal court asking for permission to ignore a shareholder resolution, sidestepping the SEC.
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Sony called off the merger between its India unit and Zee Entertainment on Monday, ending a two-year acquisition deliberation that would have created a $10 billion media powerhouse in the South Asian market. Sony said in a statement that it has sent a termination letter to Zee after the Indian firm failed to meet the […]
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Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Terraform Labs, which confirmed its Chapter 11 bankruptcy protection filing, said the filing is “a strategic step that will enable it to continue its operations and support litigation […]
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Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The startup is in advanced stages of deliberations to raise the capital from Nekkanti Sea Foods, SBI Investment, Evolvence, Tiger Global, and Prosus Ventures, the sources […]
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