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...One ByteDance investor said the start-up’s strong sales were overshadowed by uncertainty about whether it and Ant would be allowed to conduct an IPO....
...The company was forced to rename its luxury sport utility vehicle less than 48 hours after its launch. Shortly after the naming controversy, Xpeng began restructuring....
...The firm is appealing against a class-action lawsuit that found it and other brokers liable for $1.8bn of damages over an alleged conspiracy to inflate sales commissions....
...officials have said give the country a say on any sale or divestiture....
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...Its announcement to invest $14bn to develop smart cars to take on rivals in the premium segment last month follows its launch of its electric supercar and luxury off-road hybrid sport utility vehicle....
...An estimated $8bn has been invested by private capital companies, including Sequoia Capital, Susquehanna, General Atlantic and Coatue Management....
...I would urge Swampians to read Jonathan Haidt’s summary of that evidence in The Atlantic....
...Across the Atlantic, the UK’s plan to reboot its nuclear sector has also run into trouble....
...Nimmo has led the struggling KPMG spinout since its 2021 sale to Miami-based private equity group HIG Capital....
...China has powers to block the export of ByteDance’s algorithms that power TikTok and Beijing’s commerce ministry said last year it would “firmly oppose” a forced sale by ByteDance....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...The surprise added to the uncertainty in global bond markets as central bankers on both sides of the Atlantic try to steer investors away from bets on rapid interest rate cuts this year....
...The country’s largest pension fund, AustralianSuper, was Origin’s biggest investor and vehemently opposed the sale, describing the bid as a “low-ball offer”....
...Sixty per cent of Courvoisier’s sales come from the US and the acquisition will help the Milan-listed group, controlled by Italy’s Garavoglia family, expand across the Atlantic, a priority for its strategy...
...There is definitely a demand for convenience: even in the densely packed Japanese market, konbini revenues rose by 4 per cent last year, with a hot summer increasing drink and ice-cream sales....
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...But it is true that there are growing suspicions that the initial sales pitch covered over some serious problems with the detail....
...In January 2022, on the eve of the full-scale invasion, official Chinese data suggests Russia bought $32mn worth of heavy goods vehicles and trailer trucks....
...That was the best two-year stretch of sales on record. Shares in Thor Industries, the US company behind Airstream trailers, quadrupled between March 2020 and early 2021, when they reached a new high....
...I also believe Uber’s best days are ahead: we have a large, utility-like business that is still in the early days of penetrating its market....
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...He directed the proceeds from the stock sales, as well as the cash flows Berkshire’s many businesses generated, into cash and Treasury bills....
...Meanwhile, the UK’s £1.4tn DB pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers....
...The proceeds from Tuesday’s sale will help Dominion reduce its leverage ratio from 5 times cash flow at present....
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