Wednesday, September 29, 2021

As sanctions derail Huawei's traditional business, it is turning to areas less dependent on foreign chips, such as cloud services and software for smart cars (Financial Times)

Financial Times:
As sanctions derail Huawei's traditional business, it is turning to areas less dependent on foreign chips, such as cloud services and software for smart cars  —  When Meng Wanzhou returned home to China at the weekend, the presumed heiress of technology group Huawei pledged to harness …



Andela, which trains African programmers to work remotely for US companies, raises $200M Series E led by Vision Fund 2 at a $1.5B valuation (TechCrunch)

TechCrunch:
Andela, which trains African programmers to work remotely for US companies, raises $200M Series E led by Vision Fund 2 at a $1.5B valuation  —  Andela, a fully remote company that helps tech companies build remote engineering teams (initially from Africa but now a global market) …



Filings: General Catalyst is aiming to raise up to $300M for a fund to buy sales contracts from tech startups, one of the first and largest funds to do so (Miles Kruppa/Financial Times)

Miles Kruppa / Financial Times:
Filings: General Catalyst is aiming to raise up to $300M for a fund to buy sales contracts from tech startups, one of the first and largest funds to do so  —  One of Silicon Valley's largest venture capitalists gets into financial engineering  —  General Catalyst, one of the largest US venture capital firms …



Bangalore-based Vedantu, which offers an online tutoring service, raises $100M led by ABC World Asia at a $1B valuation, up from $600M last year (The Economic Times)

The Economic Times:
Bangalore-based Vedantu, which offers an online tutoring service, raises $100M led by ABC World Asia at a $1B valuation, up from $600M last year  —  Bengaluru: Edtech startup Vedantu has raised $100 million in a new funding round led by Temasek-backed impact investing fund ABC World Asia.



Samsung fined $47 million for price fixing in Netherlands

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WeChat blocks China Evergrande messaging groups, some users say

Tencent Holdings' WeChat platform has blocked at least eight instant messaging groups used by people in China owed money by cash-strapped property giant China Evergrande Group, group members said on Wednesday. https://ift.tt/3umhE4M

Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...