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Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing the European market with battery equipment solutions. The two, together, plan on selling integrated battery solutions with on-site ramp-up and…
Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks said. Shell has divested numerous carbon-intensive assets this year, selling its refinery in…
Ant Group is reportedly in discussions with state-owned enterprises to create a credit scoring firm that houses data collected from its massive user base. The formation of the new entity could see Ant Group cede control over financial data of more than a…
Porsche has made waves around the world with its Taycan and Taycan Cross Turismo EVs which have been dubbed as the most driver-centric EVs in the world, more so than even Tesla’s groundbreaking vehicles. To further an electrified future, like all things…
DBS’ securities joint venture in China will officially commence business operations after receiving its license from the mainland regulator. Securities joint venture DBS Securities (China) will kick off operations, according to a statement, effective…
J.P. Morgan is seeking regulatory approval to obtain full ownership of its mainland Chinese securities joint venture. J.P. Morgan has applied to regulators for approval of its full ownership of the securities joint venture, according to a report citing China…
Morgan Stanley is the latest global bank to add exposure to mainland China’s financial sector with increased ownership in two joint ventures. Morgan Stanley will buy stakes in its securities and mutual fund joint ventures, according to a company filing with…
Nokia announced the first 5G standalone (“SA”) Radio Access Network (“RAN”) Sharing network in South East Asia. The company has been selected by Antina Pte. Ltd. (“Antina”), a joint venture formed by mobile network operators M1 and StarHub, following a…
Convenience Retail Asia Ltd said on Thursday it had agreed to sell its convenience store business in Hong Kong to Canadian convenience store and road transportation fuel retailer Alimentation Couche-Tard Inc for HK$2.79 billion ($359.8 million). The Circle K…
Recently few reports emerged which said that Mercedes was scaling back from developing autonomous driving technology which was quickly buried by the company’s head of digital transformation. Now Alphabet-owned Waymo and Daimler have officially announced a…
Cebu Pacific Air (CEB) and SIA Engineering are unwinding their partnership in both their joint venture MRO companies based in the Philippines. These are Aviation Partnership (Philippines) Corporation (APPC), 51% owned by SIAEC and 49% by CEB, and SIA…
Hong Kong-listed fashion retailer Esprit has announced a joint venture business to take over the marketing and retailing of its products in Mainland China. Through a subsidiary called Million Success, the fashion retailer will hold a 40 percent stake in the…
Japanese drugstore operator Matsumoto Kiyoshi is to open stores in Vietnam in partnership with a local company, Lotus Food Group. The two parties have formed a joint venture, Matsumoto Kiyoshi Vietnam JSC, to operate a drugstore chain under the name MatsuKiyo…
Hyundai Motor said on Tuesday it was considering raising its stake in its underperforming truck joint venture in China, potentially joining other foreign automakers in boosting ownership in the world’s biggest car market. Sichuan Hyundai Motor is Hyundai’s…
Indian cafe chain Coffee Day has partnered with Japanese sales-floor support-service business Impact HD to grow its retail network in India. The joint venture plans to rapidly build market share in the region’s neighborhood retailing sector, launching a…
Take a look inside the first of 500 fresh-food and convenience stores planned by Alibaba and Bailian, which has opened in Shanghai. The fruits of Alibaba’s joint venture with Bailian Group are on show in Shanghai where the first of 500 Ego stores planned this…
