PWI Daily January 4, 2022
January 04. 2022
· With the advent of the Cheetah, a 48-amp charger, JuiceBar, a Connecticut-based commercial EV charger manufacturer, has entered the home charging market. The Cheetah is one of the fastest chargers available, measuring the rate at which a car charges in amps.
· As the world’s leading data center operators scramble to purchase and construct capacity in Africa, Digital Realty has completed the largest acquisition yet, acquiring control of Teraco Data Environments for $3.5 billion. The Teraco purchase shows that the data center industry’s top companies perceive Africa as a key strategic region and are willing to move rapidly to gain a competitive advantage.
· Apple Inc. (AAPL) became the first firm in history to attain a valuation of $3 trillion, making it a historic day for the US stock market. Apple (AAPL) shares fell to $182.01 after attaining a market capitalization of $3 trillion.
· Following the United States and China’s major investments in the semiconductor industry, Japan has pledged $6.8 billion to increase its domestic chip sales by 2030. It’s a big job, but there are grounds to believe it’ll work out.
· China’s central bank published a prototype edition of its digital yuan wallet application on mobile phone app stores as part of its efforts to build a digital currency. The “e-CNY (Pilot Version)” software, produced by the People’s Bank of China’s digital currency research institute, was publicly available on Shanghai’s Chinese Android and Apple app stores.
· According to Indonesia’s communication minister, a $6 billion merger of Qatar’s Ooredoo and Hong Kong’s CK Hutchison telecom companies had been authorized, with a 2025 deadline for the merged business to build up its services. In September, CK Hutchison Holdings and Ooredoo announced that they would merge to become Indosat Ooredoo Hutchison, the country’s second-largest telecoms operator after Telkomsel.
· Amberstone Biosciences, an upcoming biotherapeutics firm, closed a $12 million Series A funding round. Viva BioInnovator, Co-win Ventures, Sinovation Ventures, ChangRong Capital, Lifespan Investments, and existing shareholders led the investment round.
· WonderFi Technologies Inc., a DeFi platform, offered to acquire Canadian crypto exchange Bitbuy for C$206 million ($161.8 million). The purchase of 70 million more WonderFi shares and C$20 million ($15.7 million) in cash is part of the agreement.
· Avoma, a CRM software company, secured $12 million in Series A investment. Storm Ventures, K9 Ventures, Global Founder Capital, Operator Partners, Industry Ventures, Zoom Apps Fund, Dragon Capital, and Twin Ventures were among the investors in the round, which was led by Headline.
· As part of its endeavor to extend its footprint in Kazakhstan, Canaan, a Chinese cryptocurrency mining rig manufacturer, signed strategic deals with several mining companies.
PWI Daily January 3, 2022