Apple offers big cash rewards for help finding security bugs


Apple Inc said it plans to offer rewards of up to $200,000 to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. The maker of iPhones and iPads provided Reuters with details of the plan,… Read more »

Deliveroo raises $275m to escalate food-delivery wars

The cash infusion is on top of another roughly $200 million Deliveroo raised last year. The considerable fundraising shows what a cost-heavy and competitive market food-delivery has become. In Europe, Deliveroo is competing with Just Eat, Uber, and Delivery Hero.

Google self-driving car research head Chris Urmson leaves

Chris Urmson, chief technical officer of Google’s self-driving car efforts, said he’s leaving as the Internet company moves the project from research into the creation of products. “I am ready for a fresh challenge,” the former Carnegie Mellon University researcher said in an online post Friday. Urmson has been integral… Read more »

Airbnb files to raise $850m at $30b valuation

The company recently raised $1 billion in debt. This latest round is equity to support new investments and growth opportunities, the person said. Airbnb had previously raised money at a $25.5 billion valuation. The New York Times reported the company’s new fund-raising push earlier.

Nissan plans to sell battery operations, in talks with Panasonic, others

Nissan Motor Co is discussing with Panasonic Corp and overseas companies including Chinese firms the possible sale of its controlling stake in a car battery manufacturing venture, the Nikkei daily reported on Friday. The Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which is jointly owned by… Read more »

China’s COSCO to buy 51 per cent stake in Piraeus Port next week

China COSCO Shipping, which owns the world’s fourth largest container fleet in terms of capacity, is expected to wrap up the purchase of a majority stake in Greece’s largest port, Piraeus Port

Australia: Biomedical Translation Fund will help bring new innovations to market

The fund will invest in commercial medical technologies, and was officially launched by Innovation and Science Minister Greg Hunt on Wednesday. The fund matches every dollar venture capital and super funds invest upto $500 million.

Japan Dealbook: Raksul secures $20m, Eisai partners Mamorio to treat dementia

Printing startup Raksul has secured $20.2 million funding while Eisai, in conjunction with startup Mamorio have collaborated on a tracker for those with dementia.

Australia: Westpac-backed Reinventure launches $38.2m venture fund

Westpac-backed VC firm Reinventure has announce a new A$50 million startup fund targeting fintech ventures in Australia.

Singapore: Fatfish exits HR platform Nvoi through ASX-listing

Fatfish’s first investment in Australia, Nvoi has a market capitalization at A$37 million ($28.3 million) as by August 3. The venture accelerator has fully sold its shareholdings in Nvoi, which has generated an internal rate of return of 80 per cent within 12 months.