An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Picture taken March 26, 2018. REUTERS/Bobby Yip HONG KONG/SHANGHAI, Aug 20 (Reuters) – Embattled Chinese property developer Evergrande Group (3333.HK) is in talks with smartphone maker Xiaomi (1810.HK) and Shenzhen state-backed investment firms as it looks to sell part of a… Continue reading China · 3:25 AM UTCEXCLUSIVE China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sourcesEmbattled Chinese property developer Evergr…
Tag: Strategy
SG’s Vulpes trains eye on sustainability in portfolio, future investments
Premium Sustainability is becoming an integral part of due diligence in venture capital, and Vulpes Investment Management is taking a hard look at its portfolio and investment processes, said Stephen Diggle, founder of the family office-backed firm. “There may be changes in the portfolio,” Diggle said in an interview with DealStreetAsia. “And there may be… Continue reading SG’s Vulpes trains eye on sustainability in portfolio, future investments
New investors spot big promise in India’s renewable energy sector
Earlier this month, US investment firm Augment Infrastructure said it will buy a majority stake in rooftop solar power producer Mumbai-based CleanMax Enviro Energy Solutions for ₹1,650 crore, marking its first investment in India. Also in August, Copenhagen Infrastructure Partners, a renewable energy-focused fund manager, announced its first India investment with a commitment of $200 million… Continue reading New investors spot big promise in India’s renewable energy sector
General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
General Motors is recalling nearly 51,000 Chevrolet electric cars in the United States whose battery modules have been found to be at risk of catching fire. The recall covers Chevrolet Bolts from the 2017 to 2019 model years and comes after an earlier recall to add software designed to prevent the cars’ batteries from overheating.… Continue reading General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
DDC Ranks on Inc. 5000 Fastest-Growing Companies for Second Consecutive Year
DDC, most well-known for its data-based, goal-driven solutions, including freight billing, customs brokerage processing, and IT outsourcing – has experienced continued growth despite the challenges of 2020. “It’s an honor to be recognized as one of the fastest-growing companies in the nation two years in a row,” said Art Zipkin, company President and Chief Commercial… Continue reading DDC Ranks on Inc. 5000 Fastest-Growing Companies for Second Consecutive Year
Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results
SHANGHAI, Aug. 19, 2021 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2021. Second Quarter 2021 Financial and Operational Highlights Total revenues were RMB946.7 million (US$146.6 million), a 245.5% increase from RMB274.1 million in the… Continue reading Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results
AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
BEIJING — The vehicle has no steering wheel nor a gas or brake pedal, but the AI-loaded concept dubbed “robocar” unveiled Wednesday by Baidu, the Chinese company best known for its search engine, showcases its advances in an eight-year effort to develop autonomous-driving technology. The debut of the futuristic car coincides with Baidu’s renewed push to produce electric vehicles through… Continue reading AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
Institute for Supply Management® Announces 2021-2022 Board of Directors
Board members include top global supply chain management executives and academics TEMPE, Ariz., Aug. 19, 2021 /PRNewswire/ — Institute for Supply Management® (ISM®) announced its 2021-2022 Board of Directors during the Annual ISM Membership Meeting in Carlsbad, California on August 19, 2021. Two new Board members were introduced, and Board member, Kristopher Pinnow, CPSM, vice president, global… Continue reading Institute for Supply Management® Announces 2021-2022 Board of Directors
RBC or ETN: Which Is the Better Value Stock Right Now?
Investors interested in Manufacturing – Electronics stocks are likely familiar with Regal Beloit (RBC) and Eaton (ETN). But which of these two companies is the best option for those looking for undervalued stocks? Let’s take a closer look. We have found that the best way to discover great value opportunities is to pair a strong… Continue reading RBC or ETN: Which Is the Better Value Stock Right Now?
Ample raises $160M to scale its battery swapping service
San Francisco-based Ample has raised a $160 million Series C to scale its battery swapping service, the largest round yet for the 8-year-old startup that wants to completely rethink how we use electric vehicles. Ample’s approach is relatively straightforward: Cars equipped with the company’s modular battery pack can drive into one of Ample’s automated charging… Continue reading Ample raises $160M to scale its battery swapping service