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Daily Tech News: Shein, Nium, Nvidia, Prism+, HitPay, Mober, McEasy

June 07, 2024

Here are the top stories on Techzi

Shein Eyes London IPO with $64B Valuation

  • Shein plans London IPO at $64B valuation.

  • Shein about raise $1.3B, becoming second-highest valued Chinese unicorn.

  • The company shifted from New York due to US-China tensions.

Nium Secures $50M in Series E, Defying Fintech Funding Sentiment

  • Nium raises $50M, reaches $1.4B valuation.

  • Sovereign wealth fund leads series E funding round.

  • Nium to focus on B2B payments expansion.

Nvidia CEO Envisions Robots as the Next AI Frontier

  • Nvidia CEO says self-driving cars and humanoid robots will dominate.

  • Nvidia set to gain from robot adoption with software and hardware.

  • Virtual “robot gyms” to train robots before real-world deployment.

Prism+ Shines Bright Amidst Challenges

  • Prism+ achieves success through D2C strategy.

  • Quality concerns arise despite rapid growth and increased advertising.

  • Founder retains 99% stake in parent entity.

HitPay Hits the Jackpot with MAS License

  • HitPay secures MAS license for merchant acquisition and money transfers.

  • Platform serves over 15,000 businesses globally.

  • Backed by Tiger Global, raises $15.8M Series A.

Electrifying Logistics: Philippine EV Startup Secures $6M Funding

  • Philippine EV logistics startup Mober raised $6 millions.

  • The startup plans to grow its fleet to 238 vehicles by 2025.

  • Mober is well-positioned to drive the Philippines’ transition to sustainable logistics.

NXP and TSMC’s Vanguard Join Forces for $7.8B Singapore Chip Plant

  • NXP and TSMC’s Vanguard to build $7.8B Singapore chip plant.

  • Vanguard pledges $2.4B for 60% stake.

  • Plant to manufacture advanced 12-inch silicon wafers.

McEasy Extends Series A Funding to $11M with Granite Asia’s Investment

  • McEasy extends Series A to $11M with Granite Asia’s investment.

  • The firm provides IoT and SaaS solutions to logistics players.

  • It aims to modernize fleet management for 1,500 clients.

The “Rule of Three” When Vetting New Hires

Guest Author: Ken Leaver

  • "Rule of Three" improves hiring by 30% compared to interviews alone.

  • Test three candidates for each role.

  • Consistently hiring 30% better talent compounds results over time.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

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