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Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab

Intel to take Mobileye public next year

Intel plans to take Mobileye, the advanced driver assistance and automated driving subsidiary it acquired for $15 billion more than four years ago, public next year. Spinning Mobileye out into a separ

Max Q: Rocket Lab unveils Neutron, plus more private space station news

Hello and welcome back to Max Q! There was a TON of space news this week so I won’t ramble too much, other than to remind you that many of the people mentioned below will be at TC Sessions: Sp

Daily Crunch: Alibaba shakes up management team

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Microsoft seizes control of websites used by China-backed hackers

Microsoft has seized control of a number of websites that were being used by a Chinese government-backed hacking group to target organizations in 29 countries, including the U.S. Microsoft’s Digital

EV maker Arrival to build high-voltage battery module assembly plant in North Carolina

Arrival, the electric vehicle manufacturer that aims to break up the assembly line in favor of multiple microfactories, is investing $11.5 million to build a high-voltage battery module assembly plant

The SEC is curious about Trump’s SPAC deal

Digital World Acquisition Corp. (DWAC) announced in a recent filing that it has received questions from the United States government regarding its anticipated combination with Trump Media & Techno

Toyota will build its first US battery plant in North Carolina

Toyota Motor will build its first battery factory in the U.S. in North Carolina, the company and state officials confirmed Monday, as more automakers seek to take control of the supply chain with in-h

WildWorks, maker of Animal Jam and Feral, angers fans with embrace of crypto gaming

Less than a year ago, WildWorks, the makers of the kid’s virtual world game Animal Jam, launched its next big effort with a game aimed at Gen Z teens, called Feral. But in recent days, the compa

Platzi picks up $62 million Series B to re-skill Latin American professionals

When it comes to scaling online communities, Platzi CEO Freddy Vega thinks that edtech can take a few notes from the video game industry. League of Legends, for example, doesn’t require players to c

Apple partners with Boys & Girls Clubs of America to launch a new coding program

Apple has partnered with Boys & Girls Clubs of America to launch a new program that aims to bring coding opportunities to children and teens across the U.S. Using the tech giant’s “Eve

Former Lyft CSO and Freestyle Capital co-founder team up to back climate tech startups

When it comes to saving the planet, Raj Kapoor, Lyft’s former chief strategy officer and head of business, doesn’t think asking consumers (or the government) to change their ways is an effective s

DCVC Partner and space explorer Chris Boshuizen is coming to TC Sessions: Space 2021

For now, we can still say that the number of people who’ve been to space is vanishingly small. But with the new pace at which Blue Origin is sending private citizens up, that might not be the ca

Long-time Lyft CFO departs to become CFO at NFT marketplace OpenSea

Lyft’s long-time CFO Brian Roberts, who took the company public, announced Monday that he was departing the rideshare company that he joined in 2014 to take the same role at NFT marketplace Open

Facebook Gaming wants viewers to hop into the game with their favorite streamers

Facebook Gaming might not be a hot streaming destination like Twitch or YouTube Gaming, but the social network is steadily adding interactive features to build its appeal. Facebook is trying out a new

Uber spinout Serve Robotics gets $13M seed round to expand sidewalk robot deliveries

Serve Robotics, the autonomous sidewalk delivery company that spun out from Uber-owned Postmates in March, has closed an expanded seed round at $13 million. The company will use the funds to accelerat

SEC investigating Tesla over solar panel defect allegations

U.S. securities regulators have opened a probe into Tesla over allegations from a whistleblower that the company did not disclose to shareholders fire risks from its solar panel systems. The allegatio

The defensive power of diversity in cybersecurity

In cybersecurity, where success often relies on doing the unexpected, diversity of thought is a valuable weapon.

How one founder is taking on the customer knowledge gap in the cannabis industry

The co-founder of Dutchie, Ross Lipson, talks to Jordan and Darrell about stepping into the cannabis space, taking the hits as they come and growing a business in a highly regulated and brand new indu

Designers hope hydrogen-powered plane will fly halfway around the world without refueling

The FlyZero project, which is led by the Aerospace Technology Institute and funded by the UK government, came up with a concept for a liquid hydrogen-powered midsize aircraft.
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