Baidu unit aims to offer robotaxi service to 3m users in 2023
Baidu is partnering with BAIC Group’s electric vehicle brand ARCFOX to produce EV robotaxis.
Asia Digest: Pak B2B marketplace Jugnu’s parent, S Korea’s Barogo raise funds
Barogo has raised $71.7-million Series C funding from LB Investment and STIC Ventures.
Tencent-backed XiaoETong bags $120m in a Series D round led by IDG Capital
GL Ventures, Qiming Venture Partners, and GGV also invested in the round.
Toshiba chairman may leave after revamping board, appointing new CEO: report
Toshiba management allegedly colluded with Japan’s trade ministry to block foreign investors from gaining influence.
Chinese regulator opens antitrust violations into Didi Chuxing ahead of US IPO
The regulator is also examining if Didi’s pricing mechanism is transparent enough.
Hong Kong tycoon Richard Li’s insurance firm FWD files for IPO in US
The deal could raise between $2-3b, valuing FWD at $13-15 billion, sources said.
As Grab delays listing, will SPACs lose their sizzle in SE Asia?
There will be downsizing, but SPACs with strong track records will continue to chase more targets.
Indonesian fishery platform Aruna said to be in talks with Prosus to raise up to $30m
Aruna had raised $5.5m from East Ventures, AC Ventures, and SMDV in 2020.