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EV maker Xpeng charts steady global expansion despite tariff war
Chinese electric vehicle (EV) maker Xpeng is ramping up its global expansion, despite the intensifying trade war between Washington and…
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Maker
Business
Candy maker YLF scraps plan to list on SGX
It would have been the second company to launch an IPO on the local bourse this year Candy maker YLF Group Marketing has withdrawn its…
Fashion
Car dealer, candy maker could be first listings on SGX this year
Automotive-solutions provider Vin’s Holdings could be the first listing on the Singapore Exchange (SGX) this year. The car dealer, whose…
Business
Chinese EV maker Nio’s net loss deepens in Q4 despite record vehicle delivery
Chinese electric vehicle (EV) maker Nio’s net loss deepened to 7.1 billion yuan (S$1.3 billion) in the fourth quarter ended Dec 31, 2024,…
News
Claire Denis in Talks to Direct Cannibal Crime Drama ‘The Soap Maker’ (EXCLUSIVE)
Revered French auteur Claire Denis is in advanced talks to direct cannibalistic crime drama “The Soap Maker.” The project, being shopped…
Business
iPhone parts maker Murata eyes supply chain shifts towards India
APPLE iPhone components maker Murata Manufacturing is weighing whether to move some of its production capacity to India, reflecting a…
Business
Elon Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI
A consortium of investors led by Elon Musk offered $97.4bn to take over OpenAI, the maker of ChatGPT. The billionaire's attorney, Marc…
Business
China bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its…
Culture
EV maker Nikola explores sale, partnerships with cash dwindling
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources…
Business
Chinese soda maker Dayao is said to consider US$500 million Hong Kong IPO
CHINESE soda maker Dayao is gearing up for a Hong Kong initial public offering (IPO) as early as the second half of 2025, sources familiar…
Business
Tyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million…
Business
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial…
Business
Chinese toy maker Bloks Group files for up to HK$1.46 billion Hong Kong IPO
BLOKS Group is looking to raise as much as HK$1.46 billion (S$225 million) in a Hong Kong initial public offering (IPO), as the Chinese…
Business
Drone maker Baykar gets nod to buy Italy’s Piaggio Aerospace
TURKEY’S Baykar Makina Sanayi ve Ticaret Anonim Sirketi got a green light from Italian authorities to buy aviation and defence company…
Business
Nio’s mass market push draws scorn as EV maker promises a profit
IT’S a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on…
Business
Xerox to buy printer maker Lexmark from Chinese owners in US$1.5 billion deal
The office equipment manufacturer has seen its revenue shrink for five straight quarters OFFICE equipment manufacturer Xerox will buy…
Business
Mondelez exploring takeover of US chocolate maker Hershey
MONDELEZ International, the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey, in a potential…
Fashion
EV maker Lion Electric wins temporary creditor relief, halts US factory
ELECTRIC bus manufacturer Lion Electric is temporarily laying off about 400 workers and halting operations at its Illinois factory to save…
Business
Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on…
Culture
EV battery maker calls for cheaper EU energy to counter China
THE South Korean owner of the European Union’s largest factory of electric vehicle (EV) batteries called on the bloc to reduce energy…
Business
AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura,…
Business
Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024,…
Business
Chip equipment maker ASMPT ends takeover talks with potential suitor
HONG Kong-listed ASMPT, a global provider of technology and equipment used in the manufacture of chips, said on Monday (Nov 11) it has…
Business
German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples…