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Shein scheduled for Hong Kong IPO hearing on Thursday, sources say
2+ mon, 4+ hour ago (133+ words) By Helen Reid and Kane Wu LONDON/HONG KONG, July 13 (Reuters) – Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering hearing with the city’s stock exchange on Thursday, two sourceS with knowledge of the matter said, a…...
Shein reveals key financials ahead of Hong Kong IPO
1+ mon, 2+ week ago (184+ words) BEIJING, July 26 (Reuters) – Fast-fashion ecommerce platform Shein recorded net income of $2.064 billion last year, a draft company prospectus published by Hong Kong’s stock exchange on Sunday showed, ahead of a long-awaited IPO expected in late August or early September. Shein’s…...
Singapore’s Carro raises $60 million to promote Japanese cars in Asia
11+ mon, 3+ week ago (244+ words) SINGAPORE (Reuters) -Carro, Southeast Asia’s largest used-car online marketplace, has raised $60 million in a funding round led by Japan sovereign wealth fund Cool Japan Fund, the company said on Wednesday. The investment will go towards promoting Japanese cars across the…...
Exclusive-Nissan shelves development of electric Qashqai in cost-cutting drive
2+ mon, 2+ week ago (701+ words) By Daniel Leussink and Maki Shiraki TOKYO, June 23 (Reuters) – Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cuts…...
Factbox-Shein reveals financials, valuation in Hong Kong IPO filings
1+ mon, 2+ week ago (544+ words) HONG KONG, July 27 (Reuters) – Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge. The loss and other financial…...
Kia to invest $649 million to bring electric car production to Mexico
1+ mon, 2+ week ago (129+ words) MEXICO CITY, July 29 (Reuters) – South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum’s…...
Hyundai Motor announces $86 billion investment in South Korea after US trade deal
9+ mon, 3+ week ago (235+ words) SEOUL (Reuters) -Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South Korean autos to 15% from 25%. That compares with investments by Hyundai…...
China’s BYD expands South American footprint with Argentina EV launch
11+ mon, 4+ day ago (517+ words) By Leila Miller and Lucinda Elliott BUENOS AIRES (Reuters) -China’s largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint…...
Clean Fuels Welcomes Proposed 45Z Rules
7+ mon, 1+ week ago (310+ words) WASHINGTON, DC - Today, Clean Fuels Alliance America welcomed Treasury's proposed rules for the 45Z Clean Fuel Production Credit. While the credit has... WASHINGTON, DC â Today, Clean Fuels Alliance America welcomed Treasuryâs proposed rules for the 45Z Clean Fuel Production Credit....
American YouTuber guides foreigners around Chinese cars U.S. buyers can’t get
4+ mon, 2+ week ago (589+ words) BEIJING, April 26 (Reuters) – An American YouTuber is giving foreign visitors a first-hand look at the Chinese high-tech cars many U.S. consumers can only see online. At the Beijing Auto Show, which opened on Friday, 34-year-old Ethan Robertson shepherded more than…...