
JD.com Offers to Buy Ceconomy in Deal Valuing It at €2.2 Billion
JD.com has launched a voluntary offer of €4.60 in cash for each Ceconomy share, according to a statement Wednesday that confirmed an earlier Bloomberg News report. The companies signed an investment pact and intent to cooperate, the statement shows.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
NIO's Firefly Brand Uses HERE Technologies to Power Smart, Connected EV Journeys
NIO Inc. (NYSE:NIO) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. Firefly, a sub-brand of NIO Inc. (NYSE:NIO), has teamed up with HERE Technologies to incorporate innovative location services and superior map data into its intelligent electric cars. Firefly promises to enhance connected navigation, driver assistance systems, and conformity to EU Intelligent Speed Assistance rules by integrating HERE's global maps and real-time traffic updates. Furthermore, the integration makes use of HERE and Telenav 's partnership for in-car navigation. A cutting-edge electric vehicle being charged in a city street as the sun sets. Chris Chen, VP of NIO Inc. (NYSE:NIO) Global Business Development, stressed the need for HERE's global experience in satisfying international safety requirements as Firefly develops in Europe. Firefly was created for urban transportation to make high-end EV features more widely available. NIO Inc. (NYSE:NIO) displayed its explosive expansion in Q1 2025 by delivering over 42,094 vehicles, a 40.1% increase year over year. Deon Newman, SVP of HERE, pointed out the company's commitment to providing Chinese EV brands with AI-powered location technology as they expand abroad, notably in Europe. While we acknowledge the potential of NIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Canada Goose posts wider loss despite new clothing lines resonating with consumers
TORONTO — Canada Goose Holdings Inc. says its new lines of spring and summer clothing appear to be resonating with consumers, though the company posted a wider net loss in its latest quarter. Chief executive Dani Reiss said apparel such as T-shirts and polos have been some of the company's best sellers in recent months, helping the company change its perception that it's a winter-only brand. "The spring summer campaign brought a fresh energy to the brand, playful and relevant with a clear message: We do summer too," Reiss told analysts on a conference call Thursday. Rising temperatures and milder winters have pushed some retailers, including Canada Goose, to rethink their product mix. As a result, the company has been expanding its offerings to include lightweight puffers, sweaters, wind and rain wear, shoes and even eyewear in recent years. Despite the optimism from executives over its new product lines, the luxury parka maker reported a wider net loss of $125.5 million during its fiscal first-quarter, compared with a loss of $74 million during the same quarter last year. The loss was driven partly by higher spending on marketing campaigns and expanding its retail footprint. On an adjusted basis, the Toronto-based company said it lost $1.29 per diluted share in the quarter, compared with an adjusted loss of 80 cents per diluted share last year. While its bottom line took a hit, sales were higher. Revenue for the quarter totalled $107.8 million, up from $88.1 million a year ago. Direct-to-consumer revenue totalled $78.1 million, up 22.8 per cent from a year ago, while wholesale revenue rose 11.9 per cent to $17.9 million. Chief financial officer Neil Bowden said expanding the company's offerings over the last 12-15 months has borne fruit. "Things are working here," he told analysts. "That's why we've got confidence around the sustainability of it in spite of what is still a pretty choppy, tough consumer market." Consumer confidence has been hampered this year amid ongoing tariff threats from the U.S. and an economic slowdown, leading many shoppers to rein in their spending. Bowden said 75 per cent of the company's products are made in Canada and nearly all comply with the Canada-U.S.-Mexico Agreement, making them exempt from U.S. tariffs. But it is paying a "modestly higher tariff" on its European products. "We continue to monitor the ongoing developments as it relates to potential new U.S. tariffs on Canadian goods as well as potential second-order impacts on the consumer," Bowden said. Canada Goose shares were trading nearly nine per cent lower at $16.17 on the Toronto Stock Exchange as of midday Thursday. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX: GOOS) Ritika Dubey, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Daimler Truck slashes key profit forecast on North America weakness
FRANKFURT (Reuters) -Daimler Truck, one of the world's biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to "continuous market weakness in North America", the latest warning from industry as U.S. President Donald Trump imposes tariffs on imports. The German company now expects adjusted earnings before interest and taxes (EBIT) in a range of 3.6 billion euros to 4.1 billion euros ($4.1 billion to $4.7 billion), compared with 4.7 billion euros reported for 2024. That would mark a drop of as much as 23%. The company previously forecast that adjusted EBIT for 2025 would be just 5% lower, and could even rise 5%. "After a strong first half in North America, recent months have shown a clear slowdown in order levels, reflecting ongoing market uncertainty. In response, we have adjusted our capacity and lowered our market guidance and volume outlook," said Chief Financial Officer Eva Scherer. ($1 = 0.8755 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data