Category: Automotive

JDDJ at CIFTIS: On-demand retail in action to assist real economy and boost consumption

BEIJING, Sept. 5, 2022 /PRNewswire/ — As the only on-demand retail industry representative at the New Digital Consumption Forum of the China International Fair for Trade in Services (CIFTIS) in Beijing this year, General Manager of JDDJ Mr. Changming Li gave a speech to discuss how JDDJ supports real economy and boosts consumption as an on-demand… Continue reading JDDJ at CIFTIS: On-demand retail in action to assist real economy and boost consumption

@Nissan: All-new Nissan X-Trail Digital Premiere000836

2022/09/05 We are pleased to invite you to the digital premiere of the all-new Nissan X-Trail. LOCATION:  Viewing link- Nissan Europe YouTube   [embedded content] Building on 20 years of heritage, the All-New X-Trail is a bold evolution of the intrepid crossover. Playing host to Nissan’s exciting new e-4orce and e-POWER technologies, this ground breaking… Continue reading @Nissan: All-new Nissan X-Trail Digital Premiere000836

Tesla prepares launch in Thailand with hiring spree

Tesla is preparing to launch its electric vehicles in Thailand for the first time with a significant hiring spree. It has been a little while since Tesla has expanded into a brand-new market. The company was trying hard to enter the Indian market for years, but the effort was put on hold earlier this year after negotiations… Continue reading Tesla prepares launch in Thailand with hiring spree

Fountainvest, TPG, Warburg among final-round bidders for Carlyle’s Ambio stakeA deal could be reached by end-September at the earliest

Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle Group’s stake in AmbioPharm Inc, people with knowledge of the transaction told Reuters. Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in the coming days, said three of the people. A deal could be reached by end-September at the earliest, said one… Continue reading Fountainvest, TPG, Warburg among final-round bidders for Carlyle’s Ambio stakeA deal could be reached by end-September at the earliest

Hong Kong’s ESR closes $509m sustainability-linked loan

Hong Kong-based ESR Group Limited has announced the completion of its HK$4-billion ($509.6 million) sustainability-linked loan, with a possibility to upsize it to HK$7 billion ($891.8 million), according to an announcement on Monday.  The five-year unsecured facility, with a Hong Kong Interbank Offered Rate (HIBOR) at 1.8% plus, has a tiered incentive mechanism where ESR… Continue reading Hong Kong’s ESR closes $509m sustainability-linked loan

HK court adjourns China Evergrande Group’s winding-up lawsuit to Nov 7

Hong Kong‘s High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a winding–up petition against it to Nov. 7. An investor in Evergrande‘s unit online real estate and automobile marketplace, Fangchebao (FCB), filed the petition in Hong Kong in June because the developer had not honoured an agreement worth $110 million to repurchase shares the investor bought… Continue reading HK court adjourns China Evergrande Group’s winding-up lawsuit to Nov 7

China-focused Welkin plans to launch $300m London IPO

China-focused Welkin China Private Equity expects to raise up to $300 million through an initial public offering (IPO) and list on the London Stock Exchange, it said on Monday. The investment vehicle’s statement said it would be the first London-listed fund dedicated to investing in unquoted Chinese companies. The planned IPO comes despite a dearth of flotations… Continue reading China-focused Welkin plans to launch $300m London IPO

Indonesians brace for higher ride-hailing, e-commerce costs after fuel price hike

Indonesians are bracing to pay more for everyday expenses like transportation, parcel deliveries, and e-commerce following an increase in fuel prices — the first in eight years — over the weekend. The Joko Widodo-led government on Saturday raised fuel prices by more than 30% across the archipelago in a bid to curb soaring fuel subsidies,… Continue reading Indonesians brace for higher ride-hailing, e-commerce costs after fuel price hike

German Handelsblatt: Volkswagen Group: Today Volkswagen decides on the Porsche IPO – the most important answers005130

Porsche The sports car brand from Zuffenhausen is to go public. (Photo: dpa) There has been speculation about the Porsche IPO for months. Now Volkswagen, owner of the high-yield Stuttgart sports car manufacturer, is faced with an immediate decision: “It’s going to get serious on Monday,” said corporate circles at the weekend. The starting signal… Continue reading German Handelsblatt: Volkswagen Group: Today Volkswagen decides on the Porsche IPO – the most important answers005130