News Category: Business & Finance

CRRC Corporation Limited (“CRRC”, 1766.HK) announced that four additional second-generation SDA1 Locomotives have shipped to Australia in January, as part of the supply order between CRRC Ziyang, the subsidiary of CRRC, and SCT Logistics, a leading Australian freight service company, to provide CRRC’s energy-efficient and powerful locomotives for the country’s railway system. The upgraded 3150kW … Continued

Inteluck, a Southeast Asian technology-driven logistics platform, said today that it has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused … Continued

Company also announces launch of Deliverect App Store, building a dedicated ecosystem for online order automation Deliverect (https://www.deliverect.com/en-gb/integrations ), a global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, today announced it secured more than $150 million (EUR 130 million) in Series D funding. The funding, which is led by … Continued

The United States Investing Championship reported the winners of the 2021 competition, which involved 338 international traders. Winning the $1,000,000+ stock division with a +334.8% annual return was Mark Minervini. Contest coordinator Norm Zada called Minervini’s performance “record shattering.” The prior record was +119.1%, set by George Tkaczuk in 2020. Mr. Minervini also finished first … Continued

The Green Coffee Company (GCC), a Legacy Group portfolio company, is pleased to report that it has fully funded its Series B funding round, which the company recently upsized by $3.5 million due to high demand to $13.2 million (USD). There are currently over 220 individual investors in the business with its accredited investor base … Continued

FINTECH BANK to spread its wings with its digital banking foray FINTECH BANK LTD (FBL), a Labuan-based commercial bank licensed by the Labuan Financial Services Authority (Labuan FSA), has started to serve a large and rapidly expanding international clientele. The bank will be the first seamless business and fintech industry-friendly commercial bank in Asia. FINTECH … Continued

-Assets under management grew to CHF 160.4 billion at the end of 2021, CHF 13 billion higher than in 2020 (+8.8%). -Revenue rose by 5.9% to CHF 1.134 billion. -Operating income increased by 11.1% and net earnings were CHF 201.2 million, up from CHF 181.4 million the previous year (+10.9%). Growth in assets under management, … Continued