China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out… Continue reading Tencent plans to sell all or bulk of Meituan stake worth $24b
Tag: Strategy
Arbe Announces Q2 2022 Financial Results
TEL AVIV, Israel, Aug. 16, 2022 /PRNewswire/ — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in next-generation 4D Imaging Radar Solutions, today announced financial results for its second quarter ended June 30, 2022. Key Q2 2022 Highlights: HiRain Technologies, the leading Chinese ADAS Tier 1 supplier, declared that it is undertaking major OEM and autonomous… Continue reading Arbe Announces Q2 2022 Financial Results
$9.3 Billion Worldwide Automotive OEM Coatings Industry to 2027 – Featuring Akzo Nobel, BASF and Covestro Among Others
DUBLIN, Aug. 16, 2022 /PRNewswire/ — The “Automotive OEM Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global automotive OEM coatings market reached a value of US$ 7.13 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$… Continue reading $9.3 Billion Worldwide Automotive OEM Coatings Industry to 2027 – Featuring Akzo Nobel, BASF and Covestro Among Others
Profitable growth continues: Exyte with remarkable 6M/2022 results and uplifted year-end outlook
– Order intake rose by almost 50 percent year-on-year, marking a new 6M-high with €4.7 billion – Sales volume increased by almost 50 percent to €3.4 billion – Adjusted EBIT increased by approximately two thirds to €202 million; adjusted EBITDA rose to €222 million, plus over 60 percent – Global workforce increases to almost 8,600 employees… Continue reading Profitable growth continues: Exyte with remarkable 6M/2022 results and uplifted year-end outlook
Cooper Standard and Saleri to work on dynamic fluid control tech for EVs
Cooper Standard has announced a joint development agreement with Industrie Saleri Italo S.p.A. to create a novel family of high-performance coolant fluid management devices for the battery electric vehicle market. These new products combine the functionality of pumps with advanced fluid control, routing and connection technologies into single devices, enabling simplified EV architectures and improved performance and range.… Continue reading Cooper Standard and Saleri to work on dynamic fluid control tech for EVs
PHANTASIA Consulting reveals radical Formula 1 concept for a new golden era
The automotive marketing strategy firm decoded the factors behind the golden eras of Formula 1 – and developed new regulations based on their findings for a new, sustainable golden era. HAMBURG, Germany, Aug. 16, 2022 /PRNewswire/ — Amidst the ongoing discussions about the Formula 1 regulations for 2026, a radical concept could disrupt the future… Continue reading PHANTASIA Consulting reveals radical Formula 1 concept for a new golden era
SEA Digest: Asia Strategic Holdings signs franchising agreement with Kids&Us English; ThaiBev, Frasers Property establish JV
Asia Strategic Holdings Ltd, an independent developer and operator of consumer businesses in emerging Asia, has entered into an exclusive franchising agreement with Kids&Us English while Singapore-listed Thai Beverage and Frasers Property have established a joint venture for a potential 2.2-billion-baht (S$84.27 million) investment in BetterBe Marketplace. Asia Strategic Holdings enters franchising agreement with Kids&Us English Asia… Continue reading SEA Digest: Asia Strategic Holdings signs franchising agreement with Kids&Us English; ThaiBev, Frasers Property establish JV
Tencent stops sales on NFT platform Huanhe as regulator steps up scrutiny
Chinese internet giant Tencent Holdings’ non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, it said on Tuesday, as regulatory scrutiny of NFTs mounts in the country. The Shenzhen-based company said that Huanhe, officially launched early last August, will no longer release new NFTs to users from Tuesday. But the company said that owners of existing collectibles will still be able to hold,… Continue reading Tencent stops sales on NFT platform Huanhe as regulator steps up scrutiny
Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
“Today with government support, rapid lowering of the cost of ownership and increased consumer awareness of environmental awareness issues, we believe that the time is ripe and right for us to enter the four-wheeler markets with our range of battery electric vehicles,” Mahindra said. London: With increased consumer awareness and government support in place, it… Continue reading Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
China’s Dianxiaomi bags $110m led by Softbank Vision Fund 2, Sequoia ChinaThe latest round brings Dianxiaomi’s total funding this year to $210 million…
China-headquartered global e-commerce SaaS platform Dianxiaomi has raised $110 million in its Series D funding led by SoftBank Vision Fund 2 and Sequoia China, per its announcement on Tuesday. Tiger Global Management, GGV Capital, and Huaxing Growth Capital also participated in the round. The latest round brings Dianxiaomi’s total funding this year to $210 million.… Continue reading China’s Dianxiaomi bags $110m led by Softbank Vision Fund 2, Sequoia ChinaThe latest round brings Dianxiaomi’s total funding this year to $210 million…