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India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment

SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock… Continue reading India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment

Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…

State Fuel Cell Technology Corporation (SFCC), a Chinese developer of hydrogen fuel cell vehicles, has reached a post-money valuation of 13 billion yuan ($1.9 billion) after the completion of its Series B funding round at 4.5 billion yuan ($647.6 million). The investment saw SFCC become the first unicorn incubated by State Power Investment Corporation Limited… Continue reading Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…

Asia Digest: US-based Hines forays into Japan multifamily sector; Canada’s Northleaf sets up Tokyo office

Global real estate investor Hines has made its first investment in Japan’s multifamily sector, while Toronto-based private equity firm Northleaf has opened a new office in Tokyo. Hines buys 11 rental residential assets in Japan US real estate developer Hines has acquired 11 multifamily assets in Japan for its flagship pan-Asian fund Hines Asia Property… Continue reading Asia Digest: US-based Hines forays into Japan multifamily sector; Canada’s Northleaf sets up Tokyo office

Demand for Earthmoving and Material Handling Equipment in Germany is Set to Increase. Total Construction Equipment Sale to Cross 100,000 Units Annually by 2028 – Arizton

CHICAGO, Dec. 8, 2022 /PRNewswire/ — According to Arizton’s latest research report, Germany construction equipment market will grow at a CAGR of 4.02% during 2021-2028. The country’s new government under the ‘Federal Ministry for Housing, Urban Development and Building in 2022 has aimed to expand housing construction. It has planned to build 400,000 apartments every year.… Continue reading Demand for Earthmoving and Material Handling Equipment in Germany is Set to Increase. Total Construction Equipment Sale to Cross 100,000 Units Annually by 2028 – Arizton

HCLTech Earns the 2022 Global Enabling Technology Leadership Award by Frost & Sullivan for Addressing the Gaps in Current Manufacturing and Supply Chain Processes with Its MBE Enterprise 2.0 Technology

MBE Enterprise 2.0 technology builds resiliency and flexibility into the manufacturing and supply chain, ensures digital continuity across the enterprise, and delivers technology unification and enterprise-wide visibility. SAN ANTONIO, Dec. 8, 2022 /PRNewswire/ — Recently, Frost & Sullivan researched the disruptive space technologies industry, and, based on its findings, recognizes HCLTech with the 2022 Global Enabling Technology Leadership… Continue reading HCLTech Earns the 2022 Global Enabling Technology Leadership Award by Frost & Sullivan for Addressing the Gaps in Current Manufacturing and Supply Chain Processes with Its MBE Enterprise 2.0 Technology

Pole Star Announces Robert Skea as New CEO

Skea set to drive expansion and accelerate growth for maritime market leader LONDON, Dec. 8, 2022 /PRNewswire/ — Pole Star Space Applications, the global leader in maritime intelligence and technology, today announced the appointment of Robert Skea as its new Chief Executive Officer. In his role, Skea will spearhead the Company’s global expansion following last year’s… Continue reading Pole Star Announces Robert Skea as New CEO

Strong investor support for eDreams ODIGEO’s strategy to continue revolutionizing the industry

BARCELONA, Spain, Dec. 9, 2022 /PRNewswire/ — eDreams ODIGEO (the ‘Company’) welcomes strong investor support with the sale of Ardian’s stake in the company. Ardian has notified the Company that it has placed all of its ordinary shares in the Company with institutional investors, representing 15.6% of the Company at the close of business on 8… Continue reading Strong investor support for eDreams ODIGEO’s strategy to continue revolutionizing the industry

German Handelsblatt: Auto industry: Blume’s liberation – The VW boss collects the software strategy and reorganizes the group005769

VW boss Oliver Blume Blume replaced Herbert Diess at the top of VW at the beginning of September (Photo: dpa) The CEO of the car manufacturer VW, Oliver Blume, is preparing a reorganization of the company architecture. The core should be a new software strategy that should keep the group fit for the future. Blume… Continue reading German Handelsblatt: Auto industry: Blume’s liberation – The VW boss collects the software strategy and reorganizes the group005769

@niche: Most important strategic decision in Sono Motor’s history: Community to decide about the future of the Sion, the solar-electric passenger car.002381

MUNICH, Germany, 8 December 2022 – Jona Christians and Laurin Hahn, CEOs and co-founders of Sono Motors, make statement regarding the #saveSion campaign. Sono Motors has achieved important operational and commercial milestones throughout the year. These include signing promising partnerships in our solar business and presenting our first Sion series-validation vehicles. At the same time,… Continue reading @niche: Most important strategic decision in Sono Motor’s history: Community to decide about the future of the Sion, the solar-electric passenger car.002381

Tag: Strategy