Xpeng, a Chinese electric vehicle maker competing with Tesla, has filed confidentially for an initial public offering in the U.S., in a listing that could raise $500 million, the South China Morning Post said. The listing comes even as China’s electric vehicle sales continue to decline amid a broader slump in car sales worsened by the Covid-19 pandemic and the reduction of subsidies for EV...
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The Briefing enterprise media/telecom
Iger’s Disney Fix-It Plan Has Something for Everyone
Bob Iger really should have run for president, as he once considered doing. His political instinct is unmatched, at least among CEOs. On Wednesday, in his first quarterly earnings call since returning to the top job at Disney, Iger offered something for everyone. A return of the dividend! Layoffs! Creative executives get their power back! Traditional TV is still important, Iger reminded...
SpaceX to Conduct Key Engine Test on Mars Rocket on Thursday
Alphabet’s Verily Appoints Biotech Executive As CFO
Francisco Partners Nears $1.7 Billion Deal for Sumo Logic
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