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Monday, Feb 26, 2024

Silicon Beach Report June 20: Hyperloop Transportation Technologies Partners With South Korea

Hyperloop Transportation Technologies Partners with South Korea, AEG invests in e-sports team Immortals, Chinese tech company invests $179 million in Newegg, and more.

Hyperloop Transportation Technologies Partners With South Korea

Hyperloop Transportation Technologies has announced new partnerships with South Korean entities as it moves forward on its plans to implement its patented technologies in South Korea, the Business Journal reports. The company signed agreements with the South Korean government’s department of technological innovation and infrastructure, the Korea Institute of Civil Engineering and Building Technology, as well as with engineering research school Hanyang University

AEG Invests in E-sports Team Immortals

Anschutz Entertainment Group has announced an investment in e-sports franchise Immortals that makes it a team owner and home-venue operator for the team, the Business Journal reports. Immortals, which is currently building a team facility in Santa Monica, is now set to host L.A.-based tournaments and events at downtown entertainment district L.A. Live, owned by AEG, as part of the deal

Chinese Tech Company Invests $179 Million in Newegg Inc.

Hangzhou Liaision Interactive Information Technology Co. announced Tuesday that it would invest more than $179 million to increase its stake in online electronics retailer Newegg Inc. to almost 94 percent from 55.7 percent, the Business Journal reports. Newegg said it plans to use the investment to help it expand internationally, offer more products and further reach into e-sports, virtual reality and augmented reality.

Subscription-Based Travel App Raises $4 Million

FinalPrice, a subscription-based travel app founded in Hermosa Beach, has launched and raised $4 million in funding from Almaz Capital, Sistema VC and private investors, TechCrunch reports. For $99 a year, FinalPrice will offer users a curated list featuring allegedly lower rates on hotel, flight and rental cars.

RentSpree Partners With California MLS Company

Woodland Hills-based apartment listing website RentSpree has signed a deal with California Regional Multiple Listing Service, SoCalTech reports. The company said the deal will allow CRMLS’s members access to its service by the end of the month.

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