Vietnam-based electric-vehicle maker VinFast said on Tuesday that it has filed for an initial public offering in the United States and plans to list its ordinary shares on the Nasdaq under ticker symbol “VFS”. For the IPO, the company said it will convert to a Singapore public limited company and will be known as VinFast Auto Ltd, while the… Continue reading Vietnamese EV maker VinFast files for Nasdaq IPOVinFast will convert to a Singapore public limited company and will be known as VinFast Auto Ltd.
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AXA IM Alts acquires 15 nursing homes in Japan for $163m
Global alternative investment manager AXA IM Alts has officially forayed into the Japanese care home market following its acquisition of a portfolio of 15 nursing homes in the country for €156 million (about $163 million). In a statement, AXA IM Alts said the transaction, which is its first in the sector in Japan, involves over… Continue reading AXA IM Alts acquires 15 nursing homes in Japan for $163m
Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
Amid speculation that Chinese e-commerce giant JD could be looking at a potential exit from Indonesia and Thailand as early as Q1 next year, industry experts indicated that excessive focus on quality and lack of a competitive edge could be hurting its business in Southeast Asia’s largest economy. Ming Yii Lai, a senior consultant at… Continue reading Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Sequoia India-backed online gaming platform Mobile Premier League (MPL) recorded a 29% increase in group revenue in the financial year ended March 31, 2022, according to its latest regulatory filings. The company narrowed its total comprehensive loss slightly to $195.2 million from $199.5 million a year ago, its filings with Singapore’s Accounting and Corporate Regulatory… Continue reading India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Australia’s Mandalay Venture Partners hits $10m first close of debut Asia agrifood fund
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Tim Cook and President Biden came to Arizona to announce plans for American-made chips
/ AMD and Nvidia will also be customers at TSMC’s Phoenix fab, which will start producing chips in 2024 and add a new site in 2026. Tim Cook joined other tech leaders in touting the advantages of buying chips made in the US. Apple plans to start using processors made in America following the opening… Continue reading Tim Cook and President Biden came to Arizona to announce plans for American-made chips
American Battery Factory’s first ‘gigafactory’ inches toward reality
American Battery Factory’s big plan to build a bunch of, erm, American battery factories got a jolt Tuesday when Tucson, Arizona, gave the company the go-ahead to locate its first plant near the city’s airport. Over the course of a decade, ABF says it will pump around $1.2 billion into the facility, claiming it will be… Continue reading American Battery Factory’s first ‘gigafactory’ inches toward reality
Ford CEO reveals two of three Ford dealers buy into all-electric strategy
Ford Motor Co. has secured commitments from two of every three dealers who plan to go all-in on selling electric vehicles, CEO Jim Farley revealed during an interview Monday afternoon. Of the estimated 3,000 Ford dealers in the U.S., 1,920 have enrolled in the voluntary Model e Program for the initial 2024 to 2026 period,… Continue reading Ford CEO reveals two of three Ford dealers buy into all-electric strategy
GM’s BrightDrop expands into first international market, starts production
General Motors’ subsidiary BrightDrop said Monday it has entered its first international market, Canada, by adding DHL Express Canada as a customer. BrightDrop, which makes all-electric delivery vans and other technology to help in the delivery business, also said production of its Zevo 600 delivery van started at GM’s CAMI Assembly plant in Ontario, making… Continue reading GM’s BrightDrop expands into first international market, starts production
UAW election results signal ‘discontent’ among members as reformers notch big wins
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading UAW election results signal ‘discontent’ among members as reformers notch big wins