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...The Chinese company was valued at $66bn in its last private fundraising and at an industry multiple would be worth about $70bn....
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...According to Wang Chien-chuan, deputy director of the Chunghua Institution for Economic Research, a government think-tank, the polarisation meant that even at times of brisk growth, such as in 2021 and 2022...
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...One model is espoused by Padium — backed by Spotify co-founder Martin Lorentzon — which wants to build fancy clubs in prime locations, such as its new centre in London’s Canary Wharf financial district and...
...It’s rare in much of Asia, particularly in the tech industry, for employees to go on strike....
...Chips have historically been a cyclical industry prone to dramatic booms and busts....
...“Like all Australian winemakers, we have been hit by a number of challenging macroeconomic and industry headwinds in recent years,” said Robert Foye, Accolade Wines chief executive....
...This was achieved principally through officially sanctioned “technical co-operation” with US and Japanese companies long since replaced as market leaders by their former partners....
...Then, late on Tuesday, Carlyle Group co-founder David Rubenstein reached an agreement to buy Major League Baseball’s Orioles for $1.73bn....
...Apple in 2023 became the world’s top smartphone maker by volume for the first time, ending Samsung’s 12-year reign as the industry leader as consumers trade up to higher-priced handsets....
...Wang initially focused on making rechargeable batteries, including for early cell phones, but expanded into the car industry in the early 2000s....
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
...Last year, Suzhou, a city west of Shanghai, set up a trading platform to “co-ordinate the city’s computing resources”, according to its website....
...it can learn from China in low-carbon technologies as it builds its own cleantech industry....
...Birmingham was taken over by US fund Knighthead in August, and brought in the former NFL superstar as an adviser and co-investor. Final Whistle As promised, here’s the Pop Tart in all its glory....
...Scott Nuttall, co-chief executive of KKR, recently highlighted the private equity group’s infrastructure business, including new funds dedicated to the energy transition, as a major source of growth....
...Yet BYD’s recent rise has surprised many in the industry. This is partly because growth accelerated during the Covid-19 pandemic, when China’s borders were shut....
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