Successful Global Acquisition: Global New Material International & CQV

HONG KONG, Aug. 24, 2023 /PRNewswire/ — Global New Material International Holdings Limited (the “Company”, Stock Code: 6616.HK) announced that all conditions precedent under the each of the CQV Sale Shares Agreements and the CQV Treasury Shares Agreement have been satisfied and the Closing took place on 22 August 2023. Upon the Closing, the Company… Continue reading Successful Global Acquisition: Global New Material International & CQV

Moving Towards Globalization: GAC Group’s Latest Internationalization Strategy Revealed

GUANGZHOU, China, Aug. 28, 2023 /PRNewswire/ — On August 25th, GAC Group released its 2023 semi-annual report, showing a total operating revenue of 233.532 billion yuan in the first half of the year. According to China Association of Automobile Manufacturers, from January to June, China exported a total of 2.14 million vehicles, overtaking Japan as the… Continue reading Moving Towards Globalization: GAC Group’s Latest Internationalization Strategy Revealed

EVE Energy Announces to Bring Its Flagship Power Cell Solutions to IAA Mobility 2023, Marking Its 5th Anniversary of the First International Cell Order

HUIZHOU, China, Aug. 28, 2023 /PRNewswire/ — EVE Energy, a leading global lithium-ion battery manufacturer in its fifth year of its first international power battery order, will make its IAA Mobility debut in September.  At the IAA Mobility 2023 exhibition, EVE Energy will showcase its power cell solutions for passenger vehicles that build on cylindrical… Continue reading EVE Energy Announces to Bring Its Flagship Power Cell Solutions to IAA Mobility 2023, Marking Its 5th Anniversary of the First International Cell Order

Uzbekistan e-commerce market is set to grow 7 times to 2.2 billion USD by 2027 (KPMG)

TASHKENT, Uzbekistan, Aug. 28, 2023 /PRNewswire/ — The global professional services firm KPMG estimates that the e-commerce market in Uzbekistan has expanded more than fivefold during the past five years, solidifying its position as the fastest-growing e-commerce market in Central Asia. Such a strong growth is attributable to a combination of favourable factors, e.g. consistent government… Continue reading Uzbekistan e-commerce market is set to grow 7 times to 2.2 billion USD by 2027 (KPMG)

Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud launches the Master Plan for logistics centers with the aim of transforming the Kingdom into a Global Logistics Hub

RIYADH, Saudi Arabia, Aug. 27, 2023 /PRNewswire/ —  His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Supreme Committee for Transport and Logistics Services launched the master plan for logistics centers, which aims to further develop the infrastructure of the logistics sector in the Kingdom,… Continue reading Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud launches the Master Plan for logistics centers with the aim of transforming the Kingdom into a Global Logistics Hub

Quadria Capital set to finish returning first fund by year-end: Report

Singapore-headquartered healthcare-focused investor Quadria Capital has commenced the distribution of profits along with the principal from its inaugural fund to its limited partners or investors, according to a VCCircle report. The firm targets the end of 2023 as the expected timeline for the completion of this process. Quadria Capital’s inaugural fund’s target corpus was $300 million,… Continue reading Quadria Capital set to finish returning first fund by year-end: Report

H World Announces Q2 and Interim of 2023 Financial Results Q2

Turnover Increased 72.0% YOYLegacy-Huazhu Signed over 1,000 New Hotels HONG KONG, Aug. 25, 2023 /PRNewswire/ — H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its unaudited financial results in the second quarter and the first half ended June 30, 2023. Continue Reading image_5024578_9329038 Revenue for the first half of 2023 was… Continue reading H World Announces Q2 and Interim of 2023 Financial Results Q2

ThroughPut.ai SKU Rationalization is Now Available on IndustryApps Store

The ThroughPut.ai SKU Rationalization solution optimizes product mix to rapidly and continuously accelerate free cash flow, as well as margins to enable an undeniably significant, positive impact on the bottom line. PALO ALTO, Calif., Aug. 24, 2023 /PRNewswire/ — ThroughPut Inc., the industrial AI supply chain pioneer, today announced that its ThroughPut.ai SKU Rationalization solution… Continue reading ThroughPut.ai SKU Rationalization is Now Available on IndustryApps Store

Boom Supersonic Advances Flight Preparations for XB-1

Key milestones completed as world’s first independently developed supersonic jet progresses towards first flight DENVER, Aug. 24, 2023 /PRNewswire/ — Boom Supersonic, the company building the world’s fastest airliner, Overture, today announced it has completed several key milestones for XB-1, Boom’s technology demonstrator aircraft. XB-1 leverages 60 years of progress in airplane technologies like carbon… Continue reading Boom Supersonic Advances Flight Preparations for XB-1