Category: Automotive

China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.

China’s big data analytics firm Wenge Group, known as Zhongke Wenge, has bagged over 500 million yuan ($69 million) in a Series E round led by state-owned investment firms including National Manufacturing Transformation and Upgrading Fund, CCTV Media Industry Investment Fund, and Zhongguancun Science City.   Return backers Infotech ventures, Hengbang Capital, and the Chinese Academy… Continue reading China’s big data analytics firm Wenge snaps up $69m in Series E roundThe round was led by state-owned investment firms.

Indian PE firm Gaja Capital set to close fourth fund at $400m soon

India-focused mid-market private equity (PE) firm Gaja Capital has raised as much as $202 million as it gears up to make the final closing of its fourth fund, per a new filing with the US Securities and Exchange Commission (SEC). While the total amount sold to US investors is $7 million, the amount sold to… Continue reading Indian PE firm Gaja Capital set to close fourth fund at $400m soon

Dutch payments giant Adyen to push further into Asia

Amsterdam-based payment company Adyen aims to expand its footprint in Asia, with plans to increase its headcount — from software engineers to salespeople — as well as to acquire the necessary financial licenses, according to Chief Operating Officer Kamran Zaki, as the company seeks to diversify its revenue in the world’s fastest-growing region. “Over the… Continue reading Dutch payments giant Adyen to push further into Asia

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Nasdaq Inc has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come amid a surge in the shares of Chinese… Continue reading Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Saudi Arabia launches bid to attract $10b in supply chain investment

Saudi Arabia’s crown prince on Sunday launched an initiative to attract investments in supply chains to and from the kingdom, with an aim of raising an initial 40 billion riyals ($10.64 billion). The initiative by Prince Mohammed bin Salman will include allocating about 10 billion riyals in incentives for supply chain investors, state news agency SPA… Continue reading Saudi Arabia launches bid to attract $10b in supply chain investment

AG&P Successfully Completes Conversion of Floating Storage Unit (FSU) for the First LNG Import Terminal in the Philippines (PHLNG)

PHLNG to Deliver Gas by March 2023 Conversion of the Japan-built Moss-type LNG Carrier (LNGC) to FSU by AG&P subsidiary GAS Entec FSU a part of hybrid offshore/onshore PHLNG Import Terminal design, with initial capacity of 5 million tonnes per annum (MTPA) Supply, operations and maintenance of the FSU by ADNOC L&S MANILA, Philippines, Oct. 23,… Continue reading AG&P Successfully Completes Conversion of Floating Storage Unit (FSU) for the First LNG Import Terminal in the Philippines (PHLNG)

Hi Five World! Global campaign launched to celebrate Trip.com’s 5th anniversary

Trip.com has launched a range of highly competitive local campaigns across key markets Trip.com has had average annual app order growth of 127%; from 2020-2022 average monthly hotel orders increased by 21 % YoY and average monthly flight orders grew by 154% YoY Trip.com has had average annual app install growth of 101% and was listed… Continue reading Hi Five World! Global campaign launched to celebrate Trip.com’s 5th anniversary

Linzi, China Shines as the Ancient Capital of Qi and Hometown of Soccer

ZIBO, China, Oct. 23, 2022 /PRNewswire/ — “A journey of one thousand miles can never be made without the accumulation of every single step; an ocean can never be vast without the contribution of every single stream and brook.” Recently, in front of the Jixia Academy Monument in Linzi District, Zibo City, Shandong Province, students… Continue reading Linzi, China Shines as the Ancient Capital of Qi and Hometown of Soccer

Linzi in China glänzt als die antike Hauptstadt von Qi und Heimatstadt des Fußballs

ZIBO, China, 24. Oktober 2022 /PRNewswire/ — „Eine Reise von eintausend Meilen kann niemals bewältigt werden, ohne dass man viele einzelne Schritte tut; ein Ozean kann niemals so riesig werden, ohne dass jeder einzelne Fluss und Bach seinen Beitrag leistet.” Vor kurzem rezitierten Schüler auf einer Studienreise zur Qi-Kultur vor dem Jixia Academy Monument im Bezirk… Continue reading Linzi in China glänzt als die antike Hauptstadt von Qi und Heimatstadt des Fußballs