APAC Banking Sector Performance in 2022-2023: Navigating Economic Headwinds

Digital-Transformation-in-Banking-Representational-Image

The Asia-Pacific (APAC) banking sector faced a dynamic landscape in 2022-2023, marked by economic headwinds and varying performance across emerging markets (EMs) and developed markets (DMs). Let’s delve into the key trends and outlook for APAC banks during this period. 1. Steady Outlook Despite Challenges Despite challenges stemming from weakening global demand, high inflation, and […]

Xapads announces the appointment Huang Xu as Country Head

Huang Xu as Country Head, Xapads Media

Xapads Media, India’s leading programmatic Ad-tech platform, has announced its foray in the China market and has appointed industry veteran Huang Xu as the Country Head. Building upon established connections and fruitful partnerships in China, the company aims to extend its presence by establishing a local office. The ad-tech firm’s expansion plan comes into effect […]

Sungrow Opens Latest Office Tower At Its GHQ

Sungrow, the global leading inverter and energy storage system supplier, opened its latest and expanded headquarters office tower on December 26th, 2023

Sungrow, the global leading inverter and energy storage system supplier, opened its latest and expanded headquarters office (GHQ) tower on December 26th, 2023 in Hefei, China. Industry sources added that the milestone event was graced by the presence of Sungrow’s Chairman, Cao Renxian, who presided over the opening ceremony and commemorated the occasion alongside valued partners, ushering in the […]

Chinese electric vehicle industry boom: A boost to the Western economy

Global electric vehicle outlook - A representational image

A brief history of the automotive industry and the advent of electric vehicles Undoubtedly, exports bolster a country’s economy, and automobiles are the most beloved among the export categories. For perspective, it was through automobile exports that Germany and Japan gained advanced industrial economy status. The first gasoline-powered commercial car in the world was launched […]

PUMA names Shirley Li as General Manager China

Shirley Li as General Manager China. PUMA

Sports company PUMA has appointed Shirley Li as its new General Manager in China as part of the company’s strategy to strengthen its business in this important market. Shirley, a native Chinese who joined PUMA in early 2023 as Commercial Director, has more than 20 years of industry experience and gained a deep understanding of […]

Zendure introduces balcony plug and play solar energy storage system

Zendure, one of the fastest growing energy technology startups based in US Silicon Valley, China and Japan, introduces SolarFlow, the first balcony plug-and-play solar energy storage system. The SolarFlow system consists of a photovoltaic hub and up to four batteries and is compatible with common balcony solar panels, giving apartment and house dwellers the ability to store […]

Takeda to procure License of HUTCHMED’s Fruquintinib

Takeda announces that it has entered into an exclusive licensing agreement with HUTCHMED (China) Limited and its subsidiary HUTCHMED Limited, for the further development and commercialization of fruquintinib outside of mainland China, Hong Kong and Macau. Approved in China in 2018, fruquintinib is a highly selective and potent inhibitor of vascular endothelial growth factor receptors […]

Mercedes-Benz issues its first Green Panda Bond

Mercedes-Benz International Finance B.V. successfully issued its first Green Panda Bond on November, 2022 with a size of RMB 500 million (approx. EUR 68 million), a term of two years and a coupon rate of 2.9 percent in the Chinese Interbank Bond Market. The bond, which was 3.1 times oversubscribed is guaranteed by Mercedes-Benz Group […]

China approves the use of ferinject to treat adult patients with iron deficiency

CSL Vifor and Fresenius Kabi today announced that China’s National Medical Products Administration (NMPA) has approved Ferinject, a preparation for intravenous iron therapy for the treatment of iron deficiency in adult patients for whom oral iron preparations are ineffective, oral iron preparations cannot be used or for whom there is a clinical need to deliver […]

Vertiv introduces Vertiv HMX 3080/4080 IP-based KVM

Vertiv, one of the global providers of critical digital infrastructure and continuity solutions, today introduced the Vertiv Avocent HMX 3080/4080  series, an IP-based signal extender allowing users to remotely transmit DVI video, audio, USB and RS232 signals over a Gigabit network. The product is available now, exclusively in Greater China, South East Asia, Australia, New Zealand and India. […]