Two weeks ago, the US chip manufacturer Nvidia issued a sales warning for the second quarter. The poor forecast has come true, as the company announced on Wednesday evening in Santa Clara, California: Nvidia missed sales expectations for the past quarter by $1.4 billion and only converted $6.7 billion. For the current quarter, Nvidia CEO… Continue reading German Manager Magazin: Nvidia, Infineon: Nvidia misses sales forecast. Was that it with the semiconductor boom?001985
Tag: Financial Results
Flyway Launches to Create New Category of Pied-à-terre Ownership; Secures $10 Million in Seed and Debt Funding
LONDON, Aug. 25, 2022 /PRNewswire/ — Flyway, a PropTech company offering fully-managed second home co-ownership, has raised $10 million in seed and debt funding from a number of institutional and angel investors. Proceeds from the round are used to acquire and sell Flyway’s first London properties. Flyway is led by serial founders with a previous exit,… Continue reading Flyway Launches to Create New Category of Pied-à-terre Ownership; Secures $10 Million in Seed and Debt Funding
Zwipe – Mastercard approves the Zwipe Pay Biometric Card Platform
OSLO, Norway, Aug. 25, 2022 /PRNewswire/ — Zwipe AS, a leading provider of biometric payment card solutions, is proud to announce that it has obtained the Component Conformity Statement (“CCS”) certificate from Mastercard for the Zwipe Pay platform, the most advanced and integrated biometric card solution available to all Smart Card Manufacturers (“SCMs”) in the… Continue reading Zwipe – Mastercard approves the Zwipe Pay Biometric Card Platform
Hyundai tackles Washington over loss of electric vehicle subsidies
Carmaker spearheads Korean concerns and says new US law is ‘likely to violate WTO regulations’ Go to Source
Full Truck Alliance Co. Ltd. Announces Second Quarter 2022 Unaudited Financial Results
GUIYANG, China, Aug. 25, 2022 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial and Operational Highlights Total net revenues in the second quarter of 2022 were RMB1,670.1 million (US$249.3… Continue reading Full Truck Alliance Co. Ltd. Announces Second Quarter 2022 Unaudited Financial Results
India to incentivize rupee-settled exports to boost Russia trade: Report
MUMBAI: India may give incentives to exporters settling trades using rupees to boost the acceptability of the currency and increase the sales of goods to Russia, which has fallen because of western sanctions, according to government and industry sources. The move is designed to boost Russian trade after the Reserve Bank of India (RBI) put… Continue reading India to incentivize rupee-settled exports to boost Russia trade: Report
Jiqi, “Chinese version of Thrasio”, to help businesses achieve hundredfold growth
SHANGHAI, Aug. 24, 2022 /PRNewswire/ — Jiqi is a commodity service provider that creates a micro-brand matrix and enables small and medium-sized businesses to increase their revenue. By using its unique patented intelligent algorithm and the success formula of Qiwu, it provides closed-loop operation service and helps brands to reconstruct and improve their operation capacity,… Continue reading Jiqi, “Chinese version of Thrasio”, to help businesses achieve hundredfold growth
SG’s Genesis Alternative Ventures hits first close of $150m second fund
Singapore-based Genesis Alternative Ventures has hit the first close for its $150-million second venture debt fund for Southeast Asia. The fund has secured almost half of its capital commitments with 80% coming from existing investors including Sassoon Investment Corp, Aozora Bank, Korea Development Bank, Mizuho Leasing and Silverhorn. Israeli venture investing platform OurCrowd also joined… Continue reading SG’s Genesis Alternative Ventures hits first close of $150m second fund
Singtel to sell 3.3% stake in Bharti Airtel for $1.6b
Singapore Telecommunications Ltd on Thursday said it would sell a 3.3% stake in India’s Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about S$2.25 billion ($1.61 billion). Singtel, Southeast Asia’s largest telecom firm, said its units Pastel Ltd and Viridian Ltd would together sell 198 million shares they hold in India’s… Continue reading Singtel to sell 3.3% stake in Bharti Airtel for $1.6b
MARINE ONLINE REGISTERS US$150 MILLION IN REVENUE AS AT Q3 2022
SINGAPORE, Aug. 25, 2022 /PRNewswire/ — Marine Online (Singapore) Pte Ltd registered its revenue at US$150 million as at August 2022, eclipsing 2021’s performance of US$6 million. While this tremendous improvement highlighted the company’s resilience in the post-pandemic business landscape, Marine Online experienced an exponential growth as at Q3 2022 compared to 2021 – translating to… Continue reading MARINE ONLINE REGISTERS US$150 MILLION IN REVENUE AS AT Q3 2022