HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer’s thinking said, adding the move could unlock up to $35 billion in value. HSBC, which makes the bulk of its sales and profit in Asia, came… Continue reading Investor Ping An thinks HSBC overstated risks of $35b Asia spin-off
Tag: Strategy
Indonesia’s GoTo integrates GoFood into Tokopedia platform
GoTo has integrated its GoFood delivery service into the Tokopedia e-commerce platform, the company said in a statement on Thursday. With the integration of GoFood, Tokopedia customers will be able to order food without having to leave the app. They can also pay for GoFood transactions with GoPay, which is also linked to the marketplace… Continue reading Indonesia’s GoTo integrates GoFood into Tokopedia platform
IKEA U.S. and Electrify America announce collaboration for ultra-fast public and fleet charging at over 25 IKEA retail locations
In total, there will be more than 200 individual ultra-fast chargers offering the fastest charging speeds available today – 150kW to 350kW – at IKEA retail locations in 18 states including in Arizona, California, Connecticut, Florida, Illinois, Kansas, Maryland, Massachusetts, Michigan, Minnesota, New York, Pennsylvania, Ohio, Oregon, Texas, Utah, Virginia and Washington. The first locations… Continue reading IKEA U.S. and Electrify America announce collaboration for ultra-fast public and fleet charging at over 25 IKEA retail locations
Ola plans mass market scooter
A three-month dip in monthly numbers on the trot has pushed Ola to rejig its strategy and eye the mass market with its second offering that it plans to introduce on Independence day and targeted “at the fast-growing Rs 80,000 to 95,000 price range”, a highly placed company official has said. Ola’s CEO Bhavish Aggarwal… Continue reading Ola plans mass market scooter
@BMW: BMW Group backs sustainable packaging in its logistics002192
+++ Increase in proportion of recycled material in packaging +++ Nikolaides, Head of Logistics: “We are leveraging various options to save carbon emissions and raw materials.” +++ Other pilot projects underway +++ Munich. The BMW Group has implemented several projects in its packaging logistics to further save resources. With these projects, the Group aims… Continue reading @BMW: BMW Group backs sustainable packaging in its logistics002192
PortAventura World obtains license for construction of largest self-consumption photovoltaic plant in a Spanish tourist destination
The installation will have a capacity of 6 MWp and becomes a reality by year-end, making it one of the largest solar plants within a European holiday resort More than 11,000 photovoltaic modules installed on an area of 6.4 hectares, equivalent to 9 football fields, will generate 10 GWh annually, covering almost a third of… Continue reading PortAventura World obtains license for construction of largest self-consumption photovoltaic plant in a Spanish tourist destination
Global 4PL Market to reach USD 28.72 Billion by 2026 | SpendEdge
NEW YORK, Aug. 11, 2022 /PRNewswire/ — SpendEdge has been monitoring the 4PL Market and the prices are outlined to rise by 5%-8% during the forecast period and suppliers will have moderate bargaining power in this market. This report offers an up-to-date analysis regarding the current market scenario, latest trends, drivers, and the overall market… Continue reading Global 4PL Market to reach USD 28.72 Billion by 2026 | SpendEdge
IDeaS Announces Hyatt Will Deploy IDeaS’ Platform Across Global Portfolio
Hyatt will utilize the powerful IDeaS product suite to provide next-generation commercial capabilities MINNEAPOLIS, Aug. 11, 2022 /PRNewswire/ — IDeaS, the leading provider of hospitality revenue optimization software and services, announced today a global collaboration with Hyatt to power Hyatt’s commercial revenue platform. Hyatt will deploy IDeaS’ suite of products globally as a key component in… Continue reading IDeaS Announces Hyatt Will Deploy IDeaS’ Platform Across Global Portfolio
MOHEGAN ANNOUNCES THIRD QUARTER FISCAL 2022 OPERATING RESULTS
UNCASVILLE, Conn., Aug. 11, 2022 /PRNewswire/ — Mohegan Tribal Gaming Authority (“MTGA,” “Mohegan,” “we,” or “our” ) today announced operating results for its third fiscal quarter ended June 30, 2022. Mohegan Operating Results Three Months Ended Variance ($ in thousands, unaudited) June 30, 2022 June 30, 2021 $ % Net revenues $ 417,078 $ 328,189 $ 88,889 27.1 % Income… Continue reading MOHEGAN ANNOUNCES THIRD QUARTER FISCAL 2022 OPERATING RESULTS
SEA digest: Atome Financial seals $100m debt facility; Arbor Ventures partners Tokio Marine
Atome Financial has entered into a $100 million debt facility with HSBC Singapore, while Arbor Ventures has teamed up with Tokio Marine to drive digitalisation in the insurance sector. Atome Financial, HSBC Singapore ink $100m debt facility Atome Financial and HSBC Singapore have sealed a $100 million debt facility to support the former’s payments business… Continue reading SEA digest: Atome Financial seals $100m debt facility; Arbor Ventures partners Tokio Marine