Alibaba Group Holding Ltd on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakness at its main marketplaces caused by the country’s COVID-19 lockdowns. U.S.-listed Alibaba shares, which have lost roughly a third of their value so far this year, were up about… Continue reading China’s Alibaba beats revenue estimates as lockdowns spur online demand
Category: Automotive
Chinese tech firms forced into ‘blood listings’ as capital dries up
A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions from harsh COVID-19 restrictions. Public offerings at… Continue reading Chinese tech firms forced into ‘blood listings’ as capital dries up
India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
Riverwalk Holdings, an early-stage India-focused venture capital fund, has announced the launch of a new fund while Innoviti Payment Solutions has raised additional capital from existing investor FMO. Riverwalk Holdings launches new fund Riverwalk Holdings has announced the launch of its Rs 150 crore ($19.3 million) fund anchored by Singapore-based Thakral Group. The vehicle also… Continue reading India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
Gold and Gemstone Mining, Inc. announces the acquisition of luxury vessel Maki
JAKARTA, Indonesia, May 26, 2022 /PRNewswire/ — Gold and GemStone Mining, Inc. (OTC: GGSM); (“the Company”), announces the acquisition of luxury vessel Maki as part of our growth strategy through acquisitions to increase service capabilities in the Mentawai Islands. In addition to Maki, the Company is evaluating acquisitions to increase ultimate charter vessels in our fleet… Continue reading Gold and Gemstone Mining, Inc. announces the acquisition of luxury vessel Maki
Milestone Partners Capitalizes Specialty Auto Insurance Holding Company
RADNOR, Pa., May 26, 2022 /PRNewswire/ — Milestone Partners is pleased to announce the formation of specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated technology platform, Adaptive Information Technologies, LLC (“AIT”). GoAuto is a tech-focused, vertically integrated personal auto insurance platform… Continue reading Milestone Partners Capitalizes Specialty Auto Insurance Holding Company
DENSO Announces Recipients of 2021 North America Business Partner of the Year Awards
Annual awards celebrate partners who help DENSO provide customers with exceptional quality, service and value Fifteen recipients honored at DENSO’s 2022 North America Business Convention Annual meeting fosters collaboration between DENSO and its supply chain, helping both succeed in today’s evolving mobility landscape SOUTHFIELD, Mich., May 26, 2022 /PRNewswire/ — DENSO, a leading mobility supplier, has… Continue reading DENSO Announces Recipients of 2021 North America Business Partner of the Year Awards
RVshare names Melissa Fortenberry Chief Product Officer as the Company Soars to New Heights
“Since Melissa joined the company in 2018, she has been instrumental in scaling RVshare’s business through a hyper-growth period and beyond,” said RVshare’s CEO Jon Gray. “I am honored to have her join me at the senior executive level of RVshare where I know she will continue to help the company level-up time and time… Continue reading RVshare names Melissa Fortenberry Chief Product Officer as the Company Soars to New Heights
National Advertising Division Finds Certain Global Medical Response, Inc. Air Ambulance Transport Advertising Claims Supported, with Qualification
NEW YORK , May 26, 2022 /PRNewswire/ — The National Advertising Division (NAD) of BBB National Programs determined that Global Medical Response, Inc. (GMR) provided a reasonable basis for certain advertising claims for its Air Ambulance Transport. However, NAD recommended that the advertiser clearly disclose qualifying information related to its AirMedCare Network (AMCN) subscription membership program.… Continue reading National Advertising Division Finds Certain Global Medical Response, Inc. Air Ambulance Transport Advertising Claims Supported, with Qualification
Ship4wd network expands to Thailand
The Thailand service joins an extensive global network of destinations that Ship4wd customers can access, including connections between China, Vietnam, Israel, the USA and Canada – establishing the platform as a leading logistics solution for international small and medium-sized businesses. Launched in October 2021, Ship4wd is a digital freight forwarding platform, backed by shipping industry… Continue reading Ship4wd network expands to Thailand
/R E P E A T — BRP WILL PRESENT ITS FIRST QUARTER FISCAL YEAR 2023 RESULTS AND HOLD ITS ANNUAL MEETING OF SHAREHOLDERS/
VALCOURT, QC, May 12, 2022 /PRNewswire/ – BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its first quarter FY2023 financial results conference call on Friday, June 3, 2022, followed by its Annual Meeting of Shareholders (“the Meeting“) conducted by live webcast. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present… Continue reading /R E P E A T — BRP WILL PRESENT ITS FIRST QUARTER FISCAL YEAR 2023 RESULTS AND HOLD ITS ANNUAL MEETING OF SHAREHOLDERS/