GLP Capital Partners (GCP), the exclusive investment and asset manager of Asia’s warehouse giant GLP, has raised about 1.75 billion yuan ($240 million) of fresh capital for its China value-add strategies, the firm announced on Monday. The equity was raised from a global institutional investor, said GCP in a statement, without specifying the investor’s identity.… Continue reading GLP Capital Partners raises $240m for China value-add strategies
Tag: Strategy
TAILG Breaks Guinness World Record by Achieving “Longest Journey on An Electric Scooter”
DONGGUAN, China, Oct. 9, 2023 /PRNewswire/ — TAILG, a world-leading e-mobility solution provider and a green mobility solution provider for the Asian Games 2023 in Hangzhou, has recently clinched the title of “longest journey on an electric scooter” issued by Guinness World Records after its battery-powered two-wheeler completed a journey of 31,516 km (19,583 miles) from June… Continue reading TAILG Breaks Guinness World Record by Achieving “Longest Journey on An Electric Scooter”
Lynk & Co’s Dazzling Launch with NBK Group in Qatar
DOHA, Qatar, Oct. 8, 2023 /PRNewswire/ — Lynk & Co made its official entry into the Qatari market on October 6th at GIMS through a collaboration with Auto Class Cars, a subsidiary of the NBK Group. Auto Class Cars will be the exclusive distributor, overseeing Lynk & Co’s sales and services in Qatar. Continue Reading… Continue reading Lynk & Co’s Dazzling Launch with NBK Group in Qatar
@AML: ASTON MARTIN ELECTRIFICATION PROGRAMME AWARDED £9MILLION FUNDING FROM THE ADVANCED PROPULSION CENTRE000526
The Advanced Propulsion Centre UK (APC) funding award to supplement the research and development of Aston Martin’s in-house bespoke luxury battery electric vehicle platform 9 October 2023, Gaydon, UK: Aston Martin’s high-performance electrification strategy has been awarded £9million of government funding through the Advanced Propulsion Centre UK (APC), further supplementing the research and development of… Continue reading @AML: ASTON MARTIN ELECTRIFICATION PROGRAMME AWARDED £9MILLION FUNDING FROM THE ADVANCED PROPULSION CENTRE000526
Abhijit Narendra Joshi takes helm as Greaves Engineering’s head of marketing and sales
Joshi, who has nearly two decades of experience, was an earlier business lead at Cummins Technologies. Abhijit Narendra Joshi has joined Greaves Engineering as the head of marketing and sales, from October 5. Joshi, who has nearly two decades of experience, was an earlier business lead at Cummins Technologies. As per a regulatory filing by… Continue reading Abhijit Narendra Joshi takes helm as Greaves Engineering’s head of marketing and sales
Montra Electric and Telangana Grameena Bank to offer vehicle financing facilities
Montra Electric, the EV Brand from Murugappa Group, signed an Memorandum of Understanding (MoU), with Telangana Grameena Bank (TGB), to offer strategic vehicle financing arrangement for its customers. This MoU will enable both Montra Electric and Telangana Grameena Bank to support the customers and make it easier for them to own a Montra Electric Super… Continue reading Montra Electric and Telangana Grameena Bank to offer vehicle financing facilities
Chinese EV power solutions firm Leadrive bags over $82m in Series D round
Shanghai-headquartered Leadrive Technology, which supplies silicon carbide power modules and dual-motor controllers for electric vehicles, has secured 600 million yuan ($82.2 million) in a Series D financing round co-led by China-focused investor Legend Capital; and Oriza FOFs, the fund of funds unit of Chinese investment group Oriza Holdings. Legend Capital is an existing shareholder of… Continue reading Chinese EV power solutions firm Leadrive bags over $82m in Series D round
Crypto startup funding slides to record low in Q3: Messari report
Q3 2023 was a sluggish quarter for crypto startup fundraising as the number of venture deals and capital raised recorded their steepest fall since Q4 2020, according to crypto intelligence firm Messari. The quarter saw a total of 297 crypto firms and projects raising just under $2.1 billion, a 36% drop in terms of both… Continue reading Crypto startup funding slides to record low in Q3: Messari report
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the… Continue reading Citigroup to sell China consumer wealth business to HSBC
BIZCLIK MEDIA LAUNCHES OCTOBER EDITIONS OF PROCUREMENT MAGAZINE AND SUPPLY CHAIN DIGITAL
The October editions of Procurement Magazine and Supply Chain Digital include interviews with leading experts and executives from Claroty and LONDON, Oct. 6, 2023 /PRNewswire/ — BizClik is the UK’s fastest growing publishing company, has published the October editions of Procurement Magazine and Supply Chain Digital. The digital editions of Procurement Magazine and Supply Chain Digital… Continue reading BIZCLIK MEDIA LAUNCHES OCTOBER EDITIONS OF PROCUREMENT MAGAZINE AND SUPPLY CHAIN DIGITAL