Investors sue Tesla for share price manipulation after Musk tweet

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According to one shareholder complaint, Musk lied about funding so he could push shares higher and ambush short sellers betting against the company.

Tesla Motors CEO Elon Musk

India Digest: Venture Catalysts backs Try & Buy; India Accelerator’s fundraise; Oyo buys Weddingz

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Gurugram-based incubator India Accelerator has raised an undisclosed amount in angel funding from InvestMind Solutions and Singapore-based HotStart Ventures.


US tells China’s HNA to sell stake in Manhattan building near Trump Tower

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The building in question houses the New York Police Department’s 17th precinct, whose duties include security for Trump Tower.


Goodwater, SoftBank back $17m round for internet radio app Spoon Radio

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Part of the proceeds will be used to expand Spoon Radio’s coverage across Southeast Asia and rest of Asia.


Saudi Arabia’s PIF said to have evinced no interest in financing Tesla buyout

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PIF’s reluctance will add to the pressure on Musk to produce details of his financing plan.


Go-Jek, Traveloka and Tokopedia confirm investment in insurtech startup PasarPolis

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This portal had in June reported that Go-Jek, Traveloka and Tokopedia had invested $5-8 million in PasarPolis.


SFERS approves commitments to Hillhouse, DCM Ventures’ latest funds

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San Francisco Employees’ Retirement System (SFERS) has approved capital commitments totalling $135 million to funds managed by Chinese investment firm Hillhouse Capital Management and Asia and US-focused DCM Ventures.


Indonesian startups Akseleran, Pomona confirm recent funding

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Peer-to-peer lender Akseleran has confirmed raising a $1.85-million pre-Series A funding round backed by New York-based Bintraco Dharma and several angel investors.


China’s Fosun invests in steamed buns maker favoured by President Xi

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Qing-Feng Steamed Dumplings Shop has raised $13.5 million for expanding its business and upgrading existing stores.


Hainan Airlines sells remaining stake in Brazil’s Azul for $306m

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The company had in April sold part of its stake in Azul to a subsidiary of United Airlines’ parent United Continental Holdings for $138.3 million.