Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian-focused private equity firm AIGF Advisors Pte Ltd, is in… Continue reading KFC operator in Thailand said to be exploring sale of business valued at $300mThe Restaurants Development Company is backed by AIGF Advisors.
Category: News Type
Hong Kong’s ESR makes $1b first close of inaugural data centre fund
Hong Kong-based ESR Group Limited has announced the first close of its inaugural vehicle, Data Centre Fund 1 (ESR DC Fund 1), which has so far gathered over $1 billion in equity commitments. The fund, which is dedicated to the development of ESR’s growing data centre business, received commitments from the world’s largest institutional investors,… Continue reading Hong Kong’s ESR makes $1b first close of inaugural data centre fund
Mini to unveil Aceman EV crossover concept this week
Mini will unveil a radical-looking new concept car called the Aceman this week, that will spearhead a fresh design language as it heads towards becoming an EV-only brand from the early 2030s. The electric crossover concept will pave the way for Mini models of the future, the brand said, and will join soon-to-be-revealed electric versions of the Mini three-door hatchback and… Continue reading Mini to unveil Aceman EV crossover concept this week
Real driverless cars are now legal in Shenzhen, China’s tech hub
There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles that tech upstarts envision for the future, as they have been required to operate with a safety driver behind the wheel. A set of provisions… Continue reading Real driverless cars are now legal in Shenzhen, China’s tech hub
GM is launching an online EV service to educate and woo consumers
General Motors launched a program Monday to educate car shoppers on electric vehicles and target first-time buyers as the automaker searches for ways to catch up to and outpace rival Tesla. The automakers hopes EV Live, a digital platform that connects shoppers with EV specialists, will speed EV adoption and create a larger market for… Continue reading GM is launching an online EV service to educate and woo consumers
The Station: Executive upheaval at VW Group and the tale of two Tesla earnings
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Last week… Continue reading The Station: Executive upheaval at VW Group and the tale of two Tesla earnings
Action Network Enters Web3 Through New Partnership with Knights of Degen
Each Knight NFT holder will be provided with a Premium Subscription to Action Network’s sports betting content & analytics for free, and the Action community will receive access to new athlete AMAs, contests & educational onboarding to the NFT space. Action Network is joining the Knights of Degen community with the purchase of Knights of… Continue reading Action Network Enters Web3 Through New Partnership with Knights of Degen
Google is paying some much-needed attention to its Android tablet apps
Google is rolling out some much-needed upgrades to its Android tablet apps, the company has announced, as it attempts to make them work better on devices with larger screens. Updates are coming for apps including Drive, Docs, Sheets, Slides, and Keep, and Google’s announcement says they should arrive over the coming weeks. Docs, Sheets, and… Continue reading Google is paying some much-needed attention to its Android tablet apps
Ferruccio Lamborghini inducted into Automotive Hall of Fame
On July 21, top automotive executives and VIPs gathered at The Icon on the Detroit waterfront to celebrate the induction into the Automotive Hall of Fame of a diverse group of automotive and mobility pioneers from around the globe, including the legendary Ferruccio Lamborghini. Ferruccio Lamborghini was not only instrumental in establishing Automobili Lamborghini in… Continue reading Ferruccio Lamborghini inducted into Automotive Hall of Fame
Skeleton Tech and Siemens ink pact to make supercapacitors
Skeleton Technologies and Siemens have agreed on a far-reaching technology partnership for the development, planning and implementation of a fully automated, digital manufacturing technology for the production of supercapacitors in Germany. The production line is to be used in a new Skeleton factory in Markranstädt, Leipzig and will help to reduce production costs by around… Continue reading Skeleton Tech and Siemens ink pact to make supercapacitors