Fresh Life Style Supply Chain Management, a cold-chain logistics unicorn incubated by Chinese agriculture and food company New Hope Group, has completed an extension round to bring its overall Series B financing to nearly 900 million yuan ($125.8 million). In a Tuesday post on its official WeChat account, Fresh Life Style said that it raised… Continue reading Chinese cold-chain logistics unicorn Fresh Life Style closes Series B at $126mit raised “hundreds of millions of yuan” in the Series B extension round…
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KKR becomes largest shareholder in Fuji Soft after successful tender offerIt secured control over 90% of outstanding share options of Fuji Soft.
Private equity firm KKR has become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a two-part tender offer, KKR said in a statement on Thursday. The U.S. firm acquired 21.4 million shares, and secured control over 90% of outstanding share options of Fuji Soft, it said. On Thursday… Continue reading KKR becomes largest shareholder in Fuji Soft after successful tender offerIt secured control over 90% of outstanding share options of Fuji Soft.
Amazon mulls new multi-billion-dollar investment in Anthropic: reportAmazon had invested $4b in the OpenAI rival in Sept. 2023.
Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic’s technology.… Continue reading Amazon mulls new multi-billion-dollar investment in Anthropic: reportAmazon had invested $4b in the OpenAI rival in Sept. 2023.
Fortune Names Viettel as a Leading Company for Positive Social Impact
HANOI, Vietnam, Nov. 8, 2024 /PRNewswire/ — In Fortune’s “Change the World 2024” rankings, Viettel Group ranks 3rd among over 50 global companies contributing significantly to sustainable development and positive social impact. “Change the World” is an annual ranking by Fortune, established in 2015, to honor companies making significant contributions to sustainable development and having a… Continue reading Fortune Names Viettel as a Leading Company for Positive Social Impact
‘ESSE’ Maker KT&G Expands Presence in Europe with Romania Entry, Achieving Record-Breaking Overseas Sales in Q3
Achieved record-high quarterly revenue from the 3 core businesses and the tobacco business, including overseas cigarettes SEOUL, South Korea, Nov. 8, 2024 /PRNewswire/ — ‘ESSE’ Maker KT&G Corporation (“KT&G” or the “Company”) (KRX:033780), posted strong Q3 results, with the largest quarterly overseas cigarette sales in its history. KT&G began its full-scale expansion into Europe in… Continue reading ‘ESSE’ Maker KT&G Expands Presence in Europe with Romania Entry, Achieving Record-Breaking Overseas Sales in Q3
The One Destination, together with a Singapore Investor and an Institutional Fund Collaborate to Build Vietnam’s First ESG Real Estate Complex in Da Lat.
HANOI, Vietnam, Nov. 8, 2024 /PRNewswire/ — The One Destination officially announced an investment agreement with Singapore’s Terne Holdings, a multi-sector investment group, and BTS Bernina Private Equity Fund, an Asia-focused regulated mutual fund. Under the agreement, the joint venture arrangement of BTS and Terne Holdings will hold a 30% stake in The One Destination. Continue Reading Perspective… Continue reading The One Destination, together with a Singapore Investor and an Institutional Fund Collaborate to Build Vietnam’s First ESG Real Estate Complex in Da Lat.
The One Destination, together with a Singapore Investor and an Institutional Fund Collaborate to Build Vietnam’s First ESG Real Estate Complex in Da Lat.
HANOI, Vietnam, Nov. 8, 2024 /PRNewswire/ — The One Destination officially announced an investment agreement with Singapore’s Terne Holdings, a multi-sector investment group, and BTS Bernina Private Equity Fund, an Asia-focused regulated mutual fund. Under the agreement, the joint venture arrangement of BTS and Terne Holdings will hold a 30% stake in The One Destination. Continue Reading Perspective… Continue reading The One Destination, together with a Singapore Investor and an Institutional Fund Collaborate to Build Vietnam’s First ESG Real Estate Complex in Da Lat.
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Quarterly sales fell to 2.9 trillion yen (USD 19 billion) from 3.1 trillion yen. Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. Chief Executive Makoto Uchida said he was taking a 50% pay cut to… Continue reading Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Manufacturing will play pivotal role in shaping Viksit Bharat
From a luxury original equipment manufacturer (OEM) perspective, we view automotive manufacturing growth passively related to the Indian market’s high growth potential. India is discussed more often these days at our headquarters and in board meetings, more than ever in the last 10-15 years. Is this because of ‘India Ascends’, which is increasingly becoming one… Continue reading Manufacturing will play pivotal role in shaping Viksit Bharat
TVS Mobility flags off a INR 2,000 cr fundrace
TVS Mobility owns a 24.35% stake in the listed TVS Supply Chain Solutions. TVS Mobility, the family office of TS Rajam and his successors, has tapped banks and credit funds to raise .INR 2,000 crore for capital expenditure by the businesses in its fold and for debt repayments, according to people aware of the matter.… Continue reading TVS Mobility flags off a INR 2,000 cr fundrace