Tag: Financial Results

Facebook teams up with India’s Indifi to help provide loans to small businesses

Facebook is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform. The social media giant is joining hands with Indifi to help provide loans ranging from Rs 500,000 rupees… Continue reading Facebook teams up with India’s Indifi to help provide loans to small businesses

Maruti Ertiga best-selling UV in July but Hyundai Creta tops FY2022’s first four months

There’s plenty of action underway in the hottest vehicle segment in India, one which is seeing a flurry of new product launches, stiff competition and plenty of tech-driven creature comforts, all with a view to draw the value-conscious buyer. Here’s a quick look at the Top 5 UVs in July and also the Top 10… Continue reading Maruti Ertiga best-selling UV in July but Hyundai Creta tops FY2022’s first four months

OnlyFans bans ‘sexually explicit conduct,’ but nudity is still okay

OnlyFans will ban users from uploading photos and videos “sexually explicit conduct” as of October 1st. Although the company will block depictions of sex acts, nudity is still allowed as long as creators stick by OnlyFans’ Acceptable Use Policy. The changes follow pressure from payment providers and banking providers, as Bloomberg first reported. “In order… Continue reading OnlyFans bans ‘sexually explicit conduct,’ but nudity is still okay

Jollibee investing $77m in IPO-bound industrial REIT CentralHub

Philippine-listed fast-food giant Jollibee Foods Corporation (JFC) has approved a 3.9 billion pesos ($77 million) investment to create the country’s first and largest industrial real estate investment trust (REIT) in partnership with realty major DoubleDragon. In a disclosure to the Philippine Stock Exchange Friday, Jollibee said that it, together with its wholly-owned subsidiary Zenith Foods… Continue reading Jollibee investing $77m in IPO-bound industrial REIT CentralHub

ExOne and Maxxwell Motors 3D print unique copper windings for electric motors

Nominations for the 2021 3D Printing Industry Awards are now open, tell us who is leading the industry now. Binder jet 3D printer manufacturer ExOne has teamed up with Tennessee-based start-up Maxxwell Motors to develop a unique 3D printed copper e-winding design for the latter’s axial flux electric motors.  The motors are used in electric vehicles (EVs)… Continue reading ExOne and Maxxwell Motors 3D print unique copper windings for electric motors

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. Announces Up to US$50 Million New Share Repurchase Program

SHANGHAI, Aug. 19, 2021 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the “New Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding (i)… Continue reading Cango Inc. Announces Up to US$50 Million New Share Repurchase Program

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

Workers at Mexico GM plant end contract, oust union in vote

Mexico City — Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement. Nearly 6,000 workers at the GM plant… Continue reading Workers at Mexico GM plant end contract, oust union in vote