SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese tech giant wrote down the value of tech investments and took a hit from the bankruptcy of the once high-flying WeWork. The results underscore the volatility and risk inherent in founder Masayoshi Son’s strategy of… Continue reading SoftBank books $5.2b loss in Q3—its fourth straight quarter in the red
Tag: Strategy
People Digest: Blackstone veteran’s mortgage platform raises $10m; Glints appoints new Vietnam general manager
Former Blackstone Inc executive Kishore Moorjani has started a digital platform in Singapore, while recruitment platform Glints has appointed Jessica Le as its new general manager in Vietnam. Openspace backs ex-Blackstone exec Moorjani’s new venture Former Blackstone Inc executive Kishore Moorjani has started a digital platform in Singapore selling pools of home loans to asset… Continue reading People Digest: Blackstone veteran’s mortgage platform raises $10m; Glints appoints new Vietnam general manager
@Nissan: Nissan reports first-half results for fiscal year 2023001224
November 9, 2023 [embedded content] YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the six-months ended September 30, 2023, and revised upward its full-year revenue and profit outlook for fiscal 2023. Fiscal year 2023 first-half financial highlightsConsolidated net revenue increased by 1.40 trillion yen to 6.06 trillion yen, with consolidated operating… Continue reading @Nissan: Nissan reports first-half results for fiscal year 2023001224
Beyond Technologies, a Syntax company, establishes new Center of Excellence in Morocco to support global business with local talent
CASABLANCA, Morocco, Nov. 9, 2023 /PRNewswire/ – Beyond Technologies, a Syntax company is proud to announce the opening of its Center of Excellence in Casablanca. Beyond Technologies recently joined the Syntax family of companies, making it a dominant global provider of SAP solutions and services. The official opening was marked by an inaugural ceremony on… Continue reading Beyond Technologies, a Syntax company, establishes new Center of Excellence in Morocco to support global business with local talent
ZIM Relaunches its ZIM eCommerce Xpress (ZEX) Service, Providing a Premium, Speedy China-US West Coast Service
HAIFA, Israel, Nov. 8, 2023 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container shipping company, announced today the relaunch of ZIM eCommerce Xpress (ZEX), its revolutionary eCommerce expedited line connecting South China to the US West Coast. Originally introduced in 2020, the ZEX service returns in view of the recent evolving needs… Continue reading ZIM Relaunches its ZIM eCommerce Xpress (ZEX) Service, Providing a Premium, Speedy China-US West Coast Service
Interactive kiosk market to grow at a CAGR of 7.94% from 2022 to 2027, Growing demand for tablet kiosks will challenge market growth – Technavio
NEW YORK, Nov. 9, 2023 /PRNewswire/ — The interactive kiosk market size is expected to grow by USD 11.5 billion between 2022 and 2027. The growth momentum of the market will accelerate at a CAGR of 7.94% during the forecast period. Factors such as the growing demand for tablet kiosks will challenge market growth. Many restaurants have… Continue reading Interactive kiosk market to grow at a CAGR of 7.94% from 2022 to 2027, Growing demand for tablet kiosks will challenge market growth – Technavio
Immutable and Ubisoft’s Strategic Innovation Lab Partner to Pioneer A Frictionless Web3 Gaming Experience
SYDNEY, Nov. 9, 2023 /PRNewswire/ — Today, Immutable, the leading web3 gaming platform announced a new partnership with Ubisoft, a leading video game creator and publisher, to create a new gaming experience that will further unlock the potential of web3. With this partnership, Immutable continues in its ambition to bring digital ownership to players, while… Continue reading Immutable and Ubisoft’s Strategic Innovation Lab Partner to Pioneer A Frictionless Web3 Gaming Experience
Wix Reports Third Quarter 2023 Results
Second consecutive quarter of positive GAAP net income positions Wix to achieve GAAP profitability for full year 2023 with GAAP profitability also expected to be achievable for full year 2024 Total revenue in Q3 of $393.8 million, up 14% y/y, ahead of expectations and marking the third consecutive quarter of year-over-year revenue growth acceleration Incredible… Continue reading Wix Reports Third Quarter 2023 Results
PROCUREMENT MAGAZINE RELEASES TOP 100 CPOs LIST
LONDON, Nov. 7, 2023 /PRNewswire/ — Procurement Magazine is thrilled to announce the highly-anticipated launch of its prestigious Top 100 CPOs supplement—celebrating the best of the best of global procurement leaders. The list showcases the Chief Procurement Officers – or equivalent roles – who are elevating the industry. It comprises of 100 individuals who are leading… Continue reading PROCUREMENT MAGAZINE RELEASES TOP 100 CPOs LIST
Iaponiki S.A. Partners With Syncron for Streamlined Inventory Management and an Optimized Supply Chain for the Automotive Industry
Leading Greek automotive aftermarket distributor implements Syncron Inventory to transform inventory operations for a more connected, reliable, profitable and customer service-focused business. STOCKHOLM, Nov. 7, 2023 /PRNewswire/ — Today, Syncron announced that Iaponiki S.A., a leading Greek aftermarket distributor in the automotive sector, has selected Syncron Inventory to optimize stock allocation and replenishment within their… Continue reading Iaponiki S.A. Partners With Syncron for Streamlined Inventory Management and an Optimized Supply Chain for the Automotive Industry