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GM, LG Chem to invest $2.3 billion in EV battery joint venture

GM, LG Chem to invest $2.3 billion in EV battery joint venture

GM Chairman and CEO Mary Barra said Thursday morning that the automaker is forming a joint venture with LG Chem to mass produce battery cells for its electric vehicles, which will include an all-new battery-electric truck coming in the fall of 2021. The two companies said they will invest up to a total of $2.3…
How to build or invest in a startup without paying capital gains tax

How to build or invest in a startup without paying capital gains tax

Peyton Carr is a Financial Adviser to founders, entrepreneurs and their families, helping them with planning and investing. He is a Managing Director of Keystone Global Partners. More posts by this contributor Founders, entrepreneurs, and tech executives in the know realize they may be able to avoid paying tax on all or part of the…
Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao

Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao

Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about $3.33 billion) to raise its equity in Cainiao to 63% from 51%. Cainiao was co-founded by Alibaba in 2013 to bring organization in…
What Berlin’s top VCs want to invest in right now

What Berlin’s top VCs want to invest in right now

Berlin rose as one of Europe’s leading startup hubs over the last decade, featuring unicorns N26, Delivery Hero, HelloFresh, and Auto1 Group. Berlin attracts developers from Eastern Europe and elsewhere into an international hub where English is the linga franca among startups and costs are noticeably lower than in London or Paris. Rocket Internet, while…
Grab promises to invest $500 million into Vietnam

Grab promises to invest $500 million into Vietnam

Ride-hailing company Grab is going to focus some of its efforts on Vietnam with a $500 million investment over the next five years to grow its activities in the country. While Grab started as a ride-hailing company, it is now much more than that. The company has become a “super app” that you can open…
Sony announces a new $185M fund to invest in tech startups

Sony announces a new $185M fund to invest in tech startups

Sony is doubling down on the world of startup investment. The Japanese tech giant announced a new fund that is aiming to raise 20 billion JPY (around $185 million) to invest in companies within “key high-growth industries.” While Sony launched a fund in 2016, this new vehicle — which is called Innovation Growth Fund — has…

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An adult sexting site exposed thousands of models’ passports and driver’s...

A popular sexting website has exposed thousands of photo IDs belonging to models and sex workers who earn commissions from the site. SextPanther, an Arizona-based adult site, stored over 11,000 identity documents on an exposed Amazon Web Services (AWS) storage bucket, including passports, driver’s licenses, and Social Security numbers, without a password. The company says…

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