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Chinese Auto Stocks Rise After Vow to Pay Suppliers on Time

Chinese Auto Stocks Rise After Vow to Pay Suppliers on Time

Shares of major Chinese automakers rose Wednesday as the companies pledged to shorten payment terms for suppliers amid an intensifying price war in the world's largest auto market.
State-backed Guangzhou Automobile said late Tuesday that the company will commit to paying suppliers within 60 days, a move aimed at ensuring efficient capital flows across the auto industry's supply chains. Government-owned peers Dongfeng Motor and China FAW Group also released their own statements with the same message.
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Everstream Analytics Partners with FreightWaves and SONAR to Bring Advanced Risk Intelligence to SONAR Platform Users
Everstream Analytics Partners with FreightWaves and SONAR to Bring Advanced Risk Intelligence to SONAR Platform Users

Yahoo

time26 minutes ago

  • Yahoo

Everstream Analytics Partners with FreightWaves and SONAR to Bring Advanced Risk Intelligence to SONAR Platform Users

Global supply chain risk leader extends reach to over one million logistics professionals, delivering 15+ years of proven weather analytics through industry leading freight intelligence platform SAN MARCOS, Calif. and CHATTANOOGA, Tenn. – August 19, 2025 – Everstream Analytics, the global leader in supply chain risk management and predictive insights, today announced a strategic partnership with FreightWaves and SONAR to integrate its advanced weather risk analytics into the SONAR platform. This collaboration brings Everstream's proven risk intelligence capabilities to SONAR's more than one million professional users and 500+ global enterprise customers, enabling logistics decision makers to access the same sophisticated weather insights that have helped Everstream's clients save millions of dollars annually. The partnership represents a significant expansion of Everstream's impact within the logistics ecosystem, providing SONAR clients with access to risk intelligence that spans execution, tactical planning, longer-range seasonal forecasting, and strategic planning extending multiple years into the future. Through SONAR's high-frequency freight market intelligence platform, logistics professionals can now leverage Everstream's 15+ years of specialized weather analytics experience to optimize their operations amid increasing climate volatility. 'Our weather insights are most powerful when combined with industry and operational data, transforming raw information into forward-looking intelligence,' said Paige Cox, Chief Product Officer at Everstream Analytics. 'Unlike reactive alerts, Everstream's AI-augmented predictive engine anticipates disruptions before they occur. Partnering with the SONAR ecosystem allows us to deliver these insights at scale, empowering thousands of companies across the global supply chain to act with speed and confidence. We're excited to bring this next generation of risk intelligence to such an extensive and engaged user base.' Everstream Analytics provides the only end-to-end (E2E) supply chain risk management (SCRM) solution that utilizes AI, proprietary data, and analytics to help businesses build resilient and agile supply chains. With a proven track record of risk assessment success, the company has enabled businesses across various sectors to save millions of dollars annually through predictive weather-related analytics and long-range climate forecasts. The platform is fully compatible to integrate with top Transportation Management Systems (TMS), including Oracle OTM. 'We have been testing and using weather analytics for years and understand the enormous potential for companies to optimize their operations for increasingly volatile weather,' said Craig Fuller, CEO and Founder of FreightWaves and SONAR. 'We also understand the gain from having weather analytics insights that have been developed and tested over many years. Everstream's proven track record in weather intelligence makes them the ideal partner to bring this critical capability to our SONAR platform users.' The integration delivers far more than generally available weather data, providing SONAR clients with solutions that apply advanced meteorology developed specifically for supply chain operations. Everstream's weather intelligence is powered by a team of meteorologists with decades of experience, supported by data scientists who enable AI optimization while processing billions of data points daily. About Everstream Analytics: Everstream Analytics transforms risk intelligence with AI-driven insights that enable businesses to build agile, risk-optimized supply chains. By fusing real-time data from proprietary and public sources with advanced AI, we empower organizations to see further, act faster, and think bigger. Our platform delivers early risk detection and actionable intelligence that integrates seamlessly with planning, procurement, and logistics systems. This enables companies to anticipate disruptions, optimize operations, and make smarter decisions that transform supply chain vulnerabilities into strategic advantages. To learn more, visit About SONAR SONAR is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. SONAR's price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy. SONAR's flagship SaaS product, SONAR, offers billions of data points on the global logistics industry, updated daily. The platform is used throughout the industry, by capacity providers and organizations that contract with capacity providers, to make more informed and efficient decisions about how to route, manage and forecast their supply chains. To learn more, visit The post Everstream Analytics Partners with FreightWaves and SONAR to Bring Advanced Risk Intelligence to SONAR Platform Users appeared first on FreightWaves. 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

Overhaul Strengthens Supply Chain Transparency with FreightVerify Deal
Overhaul Strengthens Supply Chain Transparency with FreightVerify Deal

Yahoo

time26 minutes ago

  • Yahoo

Overhaul Strengthens Supply Chain Transparency with FreightVerify Deal

In a significant move toward redefining the landscape of supply chain management, Overhaul has announced its acquisition of FreightVerify, a platform known for its precise end-to-end supply chain visibility. This partnership marks a giant step in logistics, combining Overhaul's industry-leading risk management with FreightVerify's real-time tracking capabilities to address increasingly complex challenges across various sectors, including automotive and healthcare. The merger couldn't come at a more crucial time. As global supply chains grapple with disruptions from pandemics, geopolitical tensions, and technological shifts, the need for transparency and control over goods in transit has never been more urgent. This acquisition promises to bridge the gap between merely tracking shipments and understanding the broader impacts of those shipments on inventory and customer experiences. 'The market has evolved, and the next generation of supply chain solutions needs to address not only in-transit risk but also connect to the impact on inventory outcomes and customer experience,' said Barry Conlon, Co-Founder and CEO of Overhaul, in a news release. The integration of FreightVerify's advanced tracking technologies expands the scope of Overhaul's ability to not only pinpoint the location of goods but also anticipate disruptions before they affect global supply chains. It provides the answers to not only 'where is my shipment?' but also 'what happens if it stops?' and 'what inventory and customers are being impacted?' Conlon continues to say, 'Our approach ensures any delayed shipment can be linked to its contents to proactively prevent and act against downstream issues that would disrupt factories, stores, and customer orders. This acquisition doubles down on Overhaul's commitment to delivering actionable solutions. It's precisely the kind of effective, uniquely capable investment we're excited to make. A very rare find with powerful potential across multiple verticals.' FreightVerify's platform has already proven its worth, tracking over 100 million shipments and engaging with 70,000 active users monthly. Its adoption by six of the world's largest automotive manufacturers highlights not only its effectiveness but its scalability across more than 280,000 distinct shipping locations. Furthermore, its application extends beyond automotive, offering solutions to the healthcare sector by optimizing inventory control and enhancing patient care outcomes. Professor Yossi Sheffi, Co-Founder of FreightVerify and Director of the MIT Center for Transportation & Logistics, emphasized the intellectual synergy, 'The fusion of FreightVerify's precision tracking with Overhaul's risk mitigation represents a paradigm shift in supply chain dynamics. This is not merely visibility – it's a holistic framework that integrates real-time data with predictive resilience, fundamentally enhancing decision-making under uncertainty.' The broader implications of this acquisition signify a shift in the supply chain ecosystem. As businesses seek to mitigate risks and improve customer satisfaction, the enhanced capabilities offered by the Overhaul-FreightVerify alliance present a pivotal opportunity to reshape logistics management on a global scale. The post Overhaul Strengthens Supply Chain Transparency with FreightVerify Deal appeared first on FreightWaves. 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

Labubus Are on Track to Be a Billion-Dollar Business This year
Labubus Are on Track to Be a Billion-Dollar Business This year

WIRED

time28 minutes ago

  • WIRED

Labubus Are on Track to Be a Billion-Dollar Business This year

Aug 19, 2025 10:49 AM Pop Mart, the Chinese company behind the Labubu franchise, has sold $670 million worth of related products so far this year—more than iconic US toy lines Barbie and Hot Wheels. Photograph: UCG/Getty Images Labubus, the mischievous elf plush toys seen hanging on every celebrity's designer bag this summer, have gone viral across the world, but now we know exactly how popular—and profitable—they have been. On Tuesday, the Chinese company Pop Mart, which manufactures and sells the Labubu franchise, released its financial report for the first half of 2025, and it has had a terrific year. Overall, Pop Mart's revenues grew 204 percent compared to the year before, and net profits increased 362 percent. The company's gross margin rate reached 70.3 percent in 2025. The Monsters franchise, designed by Chinese-Dutch artist Kasing Lung and primarily represented by the character Labubu, generated over 4.81 billion RMB ($670 million) in revenues for Pop Mart in the first six months of 2025, a 668 percent increase compared to the same period last year. (For comparison, Mattel sold $374 million worth of Barbie toys and $626 million worth of Hot Wheels products during the same period.) The soaring popularity of Labubu has also made The Monsters series Pop Mart's most successful franchise, contributing to nearly 35 percent of the company's total revenues, an increase from just 14 percent in June 2024. Another major factor that has helped turn Labubu into a viral sensation is the company's product line of vinyl-plush keychains. This specific type of toy, which combines the softness of plush toys and the sculptural details of facial features seen more in figurines, has unexpectedly blown up, even though the company only started selling them in late 2023. First in China and then in the West, the soft Labubu keychains have been used as bag charms and accessories by celebrities like Rihanna, Lady Gaga, and Kim Kardashian, fueling a social media obsession and causing them to sell out everywhere. According to Pop Mart's latest financial report, the company's revenue from plush products grew over 1200 percent overall this year to 6.13 billion RMB ($854 million), accounting for 44 percent of the company's total revenues. Pop Mart has released over 20 different plush products since the start of 2025 using different manufacturing techniques in an attempt to replicate Labubu's success. While these numbers are impressive, they only capture a portion of the true popularity of Labubu keychains, because there are also countless counterfeit Labubus (commonly called Lafufus by fans) sold around the world. Because of a supply shortage deliberately orchestrated by Pop Mart, some of the company's products, including the Labubu plush dolls, are traded for far more than their list price on second-hand markets, profits of which are also not reflected in its earnings. Pop Mart was founded in 2010 as a variety store selling trendy toys and gadgets, and has become increasingly international. By June 2025, over 40 percent of Pop Mart's revenue came from outside China. Pop Mart has been growing particularly fast in the United States. Revenues in the Americas market (primarily the US) rose more than 1100 percent to 2.26 billion RMB ($315 million) in the first half of 2025. The number of physical Pop Mart stores in the Americas have also almost doubled to 41, making it the company's fastest growing region. In total, Pop Mart currently has 571 stores across the world.

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