Some good news: Monthly sales comparisons have seen steady improvement since January, despite the lack of supply the industry still. faces. Photo: Obi – @pixel6propix on Unsplash When it comes to new vehicle sales, the U.S. car rental industry continues to feel the effects of supply chain disruption. Through the first six months of 2022, sales into rental fleets… Continue reading Rental Fleet Sales Down 32% for H1 2022
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Rubix Blockchain secures $100m investment from LDA CapitalThe company is a Layer 1 blockchain protocol for P2P data transfer with operations in Singap…
Rubix Blockchain, a Layer 1 blockchain protocol for P2P data transfer with operations in Singapore, announced raising $100 million from Los Angeles-based alternative investment manager LDA Capital. The fresh investment will finance the startup’s global expansion and support its transition to Web3, among others, according to the announcement. Besides Singapore, Rubix also has operations in… Continue reading Rubix Blockchain secures $100m investment from LDA CapitalThe company is a Layer 1 blockchain protocol for P2P data transfer with operations in Singap…
China’s Vision Plus Capital looks to raise two USD funds, show SEC filings
Vision Plus Capital, a Chinese venture capital (VC) firm created by Alibaba co-founder Eddie Wu, is in the market raising two US dollar funds despite most of its peers having put on hold their USD fundraising plans amid rising difficulties for domestic businesses to pursue a US listing. The dual-currency fund manager is looking to… Continue reading China’s Vision Plus Capital looks to raise two USD funds, show SEC filings
London-based crypto lender Nexo plans to buy Singapore’s Vauld
Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble. Nexo, which is based in London, said it would buy up to 100% of Vauld and “reorganise its future operations with the aim to accelerate its deeper presence in Asia.” It did not… Continue reading London-based crypto lender Nexo plans to buy Singapore’s Vauld
Asia Digest: Nuveen makes first close, Ascott buys Oakwood, BPEA exits Cath Kidston
Property investment manager Nuveen Real Estate has made a first close of its Japan Alternatives Living strategy; The Ascott Limited is acquiring serviced apartment provider Oakwood Worldwide; and BPEA has sold its controlling stake in Cath Kidston to Hilco Capital. Nuveen Real Estate makes $100m first close of Japan housing strategy Property investment manager Nuveen… Continue reading Asia Digest: Nuveen makes first close, Ascott buys Oakwood, BPEA exits Cath Kidston
@Groupe PSA: OP When tradition becomes cult000394
There are countless movies about juvenile gangs – whether with James Dean, Marlon Brando or Matt Dillon. No one has ever filmed one about Heiko Lendle and the “Massemer”. Not yet. Because what a wonderful scene it would be: 30 “muscle cars”, all Opels, roar in front of the “Big Apple”, Wiesbaden’s legendary cult club… Continue reading @Groupe PSA: OP When tradition becomes cult000394
@VINFAST: VINGROUP JOINT STOCK : Vinfast partners with and invests in prologium for solid-state batt..
Hanoi, Vietnam, July 6, 2022 – VinFast, through a company in Vingroup, today announced an investment in the tens of millions of US dollars investment in ProLogium, a global leading manufacturer in next-generation solid-state battery. VinFast also entered into a Memorandum of Understanding with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery… Continue reading @VINFAST: VINGROUP JOINT STOCK : Vinfast partners with and invests in prologium for solid-state batt..
Locus wins 2022 IFOY Award for Top Autonomous Mobile Robot Solution
Locus’s collaborative AMR lauded for its high degree of innovation and high market relevance to meet the demand for high-productivity, cost-effective robotics automation solutions. WILMINGTON, Mass., July 6, 2022 /PRNewswire/ — Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment warehouses, has won the 2022 IFOY Award for its Autonomous Mobile Robot Solution in the Automated Guided Vehicle… Continue reading Locus wins 2022 IFOY Award for Top Autonomous Mobile Robot Solution
Last Mile Delivery Market to Reach $288.9 Billion, Globally, by 2031 at 8.1% CAGR: Allied Market Research
The growth of the e-commerce sector, increase in usage of drones and ground delivery vehicles by organizations for delivery, and surge in demand for fast package delivery drive the growth of the global last mile delivery market. PORTLAND, Ore., July 6, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Last Mile Delivery… Continue reading Last Mile Delivery Market to Reach $288.9 Billion, Globally, by 2031 at 8.1% CAGR: Allied Market Research
Nod for 80 FDI proposals from China entities
It is not clear as to how many proposals have been rejected. India has approved 80 Foreign Direct Investment (FDI) proposals involving Chinese entities as on June 29, according to data accessed through Right to Information (RTI). The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments… Continue reading Nod for 80 FDI proposals from China entities