logo
Growvana and Kudos Networks Announce Strategic Partnership to Empower Asian Brands in U.S. Retail

Growvana and Kudos Networks Announce Strategic Partnership to Empower Asian Brands in U.S. Retail

Business Wirea day ago
CHICAGO--(BUSINESS WIRE)-- Growvana, a leading advanced e-commerce enablement platform, has partnered with Kudos Networks, a global retail enablement firm, to expand Growvana's reach into the Chinese market and help Asian manufacturers succeed in U.S. e-commerce. This collaboration brings together Growvana's proven marketplace infrastructure and Kudos's strong network of trusted Asian brands to accelerate onboarding into Amazon Vendor Central and beyond.
'With Kudos Networks, we're unlocking access to some of the fastest-growing brands in Asia,' said Rohan Thambrahalli, founder and president of Growvana. 'Their deep roots and reputation in the region align perfectly with our mission to help brands grow faster, reduce operational friction, and drive profitability on marketplaces. While tariffs have created uncertainty, many leading Asian brands see this as an opportunity to expand their U.S. presence and get ahead of competitors worldwide.'
Growvana enables qualified Seller Central brands to gain the benefits typically exclusive to direct vendors of prominent U.S. retailers—without the complexities of becoming an actual vendor or supplier. Through predictive inventory analytics, effortless one-click digital onboarding, and integrated financing, Growvana streamlines operations, reduces costs, and accelerates revenue growth. Additionally, Growvana's partnership with Kudos unlocks a vast ecosystem of brands and manufacturers, further fueling expansion in key international categories such as home goods, consumer electronics, and lifestyle products.
'Kudos is proud to be a bridge between world-class Asian manufacturers and the U.S. retail landscape,' said Miles Chen, founder of Kudos Networks. 'Growvana's platform gives our clients a clear path to scale on Vendor Central and with retailers like Target, Best Buy, and Home Depot. We're excited to collaborate and drive success for brands ready to expand globally.'
Chen also pointed to economic volatility and tariffs as a key reason the partnership is timely. 'Tariffs are a factor impacting many Chinese and other Asian companies,' he said. 'But risk and opportunity always come together. The U.S. remains the most robust consumer market in the world—and Chinese manufacturers know the time to move is now. If others are stepping back, this is the moment for bold brands to step forward.'
Together, Growvana and Kudos will co-develop onboarding programs, coordinate brand communications, and help Asian companies diversify from Seller Central to Vendor Central. This strategy has become increasingly attractive as Amazon's third-party environment grows more competitive.
Brands and manufacturers interested in expanding into the U.S. are encouraged to connect with Growvana and Kudos to explore how this new partnership can accelerate their growth.
For more information visit https://growvana.com.
About Growvana
Growvana is a next-generation e-commerce platform specifically designed to empower marketplace sellers with the advantages typically reserved for direct vendors of leading U.S. retailers—without the traditional vendor complexities. The platform accelerates revenue recognition cycles, optimizes operational costs, and provides powerful predictive inventory forecasts driven by real-time insights into revenue, inventory, and profitability. By significantly reducing operational risks and unlocking innovative business models, Growvana helps Seller Central brands scale profitably.
About Kudos Networks
KUDOS NETWORKS is a cross-border service provider specializing in North American retail channel development and brand operations. With a team of seasoned professionals—many boasting over 20 years of retail industry expertise—we have forged strong partnerships with top North American retailers, including Walmart, Target, Home Depot and Lowe's. As an official partner of Walmart and Target, we empower brands with end-to-end solutions, from online platform integration to offline retail expansion, ensuring seamless localization and sustainable growth in the North American market.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Trades National Security for a Deal With China
Trump Trades National Security for a Deal With China

Atlantic

time5 minutes ago

  • Atlantic

Trump Trades National Security for a Deal With China

After making a show of getting tough on China, President Donald Trump desperately needs a trade agreement to prove that his disruptive tactics get results. This week, the United States and China agreed to extend their negotiations, avoiding—for now—another round of tariffs that would have hurt business between the world's two largest economies. But the president's newfound willingness to allow the export of vital AI chips to China indicates that an eventual deal could imperil American interests. Eager for a pact, Trump may give up more than he receives. In 2022, then-President Joe Biden prohibited the export of advanced AI chips to China. Just four months ago, Trump expanded those restrictions. This week, though, Trump confirmed the details of an unusual arrangement effectively reversing that move: The American companies Nvidia and Advanced Micro Devices will be allowed to sell certain chips to Chinese firms if the companies give the U.S. government a 15 percent cut of the revenue from these sales. In essence, Trump sold exemptions to technology-export controls that many experts consider crucial to protecting American security. In a letter last month, Matt Pottinger, who was Trump's deputy national security adviser during the president's first term, and 19 other policy professionals urged the administration not to allow the sale of Nvidia's H20 chip to China, calling the decision a 'strategic misstep that endangers the United States' economic and military edge in artificial intelligence.' Derek Thompson: The disturbing rise of MAGA Maoism Trump may see the arrangement not as a national-security issue but as a business deal: There's a lot of money to be made selling chips to China, and now the U.S. government will materially benefit. But Trump must also realize that he's made a concession to Chinese President Xi Jinping. Beijing has persistently demanded that Washington remove U.S. export controls on advanced chips, and Xi personally pressed Biden for relief without success. Trump justified his flip-flop by arguing that the H20 chip is not among Nvidia's most high-powered products. He's right about that, but it's far from outdated. Chinese companies crave the H20 to help them deploy AI services. Indeed, the demand for the H20 appears to have alarmed Chinese authorities, who would prefer that local companies use homemade alternatives. Even as Beijing fights the U.S. restrictions, officials have tried slowing the rush by signaling in state media that the Nvidia chip is unsafe. Although Chinese designers have developed a similar chip, they are unable to produce enough, also due to U.S. restrictions that prevent them from using the top chip manufacturer, Taiwan Semiconductor Manufacturing Company. Trump has left the door open to further concessions. Because China's tech industry still can't match Nvidia's AI chips, Beijing is likely to prod Trump to ease restrictions on more advanced semiconductors. Rather than firmly committing to export controls, Trump suggested on Monday that he would be open to permitting Nvidia to sell China downgraded versions of its most powerful chips. Xi has every reason to ask for more. Trump's desire for a deal gives Chinese leaders leverage. And given Trump's pattern of sudden policy reversals, he has likely left an impression that anything could be on the table. Beijing is clearly all in on the negotiations. According to U.S. Treasury Secretary Scott Bessent, the Chinese government sent 75 officials to the most recent round of talks, in Stockholm in late July, compared with his own skeleton crew of 15. 'Xi now feels more emboldened to probe for a wider range of potential concessions, not only economic but also security concessions,' Ali Wyne, an expert on U.S.-China relations at the International Crisis Group, told me. Wyne fears this could lead to a 'lopsided bargain' in China's favor. Thomas Wright: Trump wasted no time derailing his own AI plan Xi has already gained on his top-priority issue: Taiwan. He urged Trump to approach Taiwan 'with prudence' during a phone conversation in June, according to the Chinese government's official summary. Washington then reportedly canceled meetings with Taiwan's defense minister, a step that surely pleased Beijing, which strives to isolate the island's government. The Trump administration also appears to have discouraged Taiwanese President Lai Ching-te from making stopovers in U.S. cities while en route to Latin America for diplomatic visits. Xi has done little in exchange. Beijing's most significant goodwill gesture was a June decision to restrict the sale of two chemicals that are used to make the illegal fentanyl circulating on American streets, an issue of utmost importance to the Trump team. But Beijing's action on curtailing the fentanyl trade will likely remain conditional on Trump's good behavior. Trump recently called on Xi in a social-media post to buy more U.S.-grown soybeans—which would be great for some American farmers, but is hardly an even swap for China's access to high-tech chips. Meanwhile, Xi has deftly created and deployed levers of pressure. Amid the escalating trade war in April, Beijing imposed controls on the export to the U.S. of rare-earth metals—an industry that China dominates—and then used their easing as a negotiating tool. In the end, Xi may not get all he wants. But he is winning just by talking. China's leaders have apparently learned that they can distract Trump from more strategic issues by haggling with him over tariff rates and soybean sales. The desire for a deal has so consumed the Trump team that any grander strategy to contend with China's growing power seems to have gotten lost. Last week, Trump imposed high tariffs on India in an attempt to compel New Delhi to curtail purchases of Russian oil—angering a potential partner in the global competition with China. Friendlier relations with China are certainly better than open hostility. The question has always been: At what cost? Trump may eventually seal a trade deal with China that benefits him, but not necessarily the nation.

The EU urges China to lift 'unjustified' sanctions on Lithuanian banks

time35 minutes ago

The EU urges China to lift 'unjustified' sanctions on Lithuanian banks

VILNIUS, Lithuania -- The European Union on Thursday called on China to revoke sanctions imposed on two Lithuanian banks, arguing there is no justification for them. Beijing announced the measures this week against Urbo Bank and Mano Bank in retaliation for EU penalties on two Chinese lenders. The Lithuanian banks do not operate in China, giving Beijing's move a largely symbolic character. Nonetheless, the tit-for-tat measures underscore deepening tensions between the EU and China over Beijing's support for Russia in its war on Ukraine. In this case, China targeted banks from an EU member with whom diplomatic ties have been particularly strained due to Lithuania's relationship with Taiwan. At EU headquarters in Brussels, European Commission spokesperson Olof Gill defended the bloc's sanctions on Chinese banks. China 'must respect the problems we have identified,' Gill said. 'Our sanctions are the centerpiece of our efforts to minimize the effectiveness of the Russian war machine.' He said the Commission does not believe that the Chinese countermeasures 'have any justification or are evidence based, and therefore we call on China to remove them even now.' The EU's latest Russia sanctions package, adopted in July and effective August 9, included Heihe Rural Commercial Bank and Heilongjiang Suifenhe Rural Commercial Bank. The bloc accused them of providing crypto-asset services that help Moscow evade restrictions. In explaining its sanctions on the Lithuanian banks, the Chinese Ministry said the EU sanctions on Chinese firms had "a serious negative impact on China-EU economic and trade relations and financial cooperation.' The banks and the government in Lithuania said the sanctions were not expected but would likely have little practical impact. 'According to the preliminary assessment, this decision will not have a significant impact on either the country's financial system or the activities of the banks themselves, since the business models of the mentioned banks are focused on the local market,' the Bank of Lithuania said on Wednesday in a statement. Marius Arlauskas, the head of administration of Urbo Bank, said: 'Since we do not have any business partnerships with Chinese individuals or legal entities, the sanctions will have no impact on the activities of Urbo Bank and the implementation of prudential regulations." The Baltic nation has drawn China's ire for years. Beijing expelled Lithuania's ambassador in 2021 in response to Lithuania allowing Taiwan to open a liaison office in Vilnius, the Lithuanian capital. China regards Taiwan as a breakaway province and prohibits other countries from having formal ties with Taipei. Taiwan has long sought closer relations with the Baltic states, citing their past experiences under authoritarian rule and embrace of multiparty democracy and liberal values. severing of two undersea data cables. One runs under the Baltic Sea between Lithuania and Sweden.

Automotive Telematics Market to Reach US$349.2 Billion by 2033
Automotive Telematics Market to Reach US$349.2 Billion by 2033

Yahoo

timean hour ago

  • Yahoo

Automotive Telematics Market to Reach US$349.2 Billion by 2033

The market is rapidly expanding, driven by universal vehicle connectivity and data-centric services. Demand for safety, efficiency, and advanced in-car experiences is pushing automakers to integrate sophisticated, AI-powered solutions as a standard feature. Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global automotive telematics market was valued at US$ 70.8 billion in 2024 and is expected to reach US$ 349.2 billion by 2033, growing at a CAGR of 19.4% during the forecast period 2025-2033. Competition within the global automotive telematics market is intensifying, with industry leaders posting remarkable financial and operational figures. Samsara achieved a significant milestone, reaching an annual recurring revenue of $1.1 billion by fiscal year 2024. Its growth is further highlighted by an increase of 611 customers with an annual recurring revenue over $100,000, bringing the total to 1,848 such clients. The company's total revenue for the 2024 fiscal year was reported at US$937 million. Samsara's solid financial footing is evident with total assets valued at US$1.73 billion in 2024, and its workforce expanded to 2,895 individuals as of January 2024. Technologically, its App Marketplace now supports over 270 partner integrations, and the platform's real-world impact is immense, having helped prevent an estimated 200,000-plus crashes. Download Sample Pages: Meanwhile, competitor Verizon Connect was recognized as a leader in the G2 Grid® Report for Fleet Management in Spring 2024, with its platform featuring a rapid 30-second refresh rate for GPS tracking. Corporate investments are also surging—Chinese state-owned SAIC Motor has planned a massive US$ 43 billion investment into advanced automotive technologies, including connected solutions, over five years from 2022. In early 2024, GE launched a new version of its Predix Asset Performance Management software, enhancing predictive analytics for the automotive sector. Penske Truck Leasing also entered the fray, introducing its Catalyst AI platform in April 2024 to redefine fleet management. Key Findings in Automotive Telematics Market Market Forecast (2033) US$ 349.2 billion CAGR 19.40% By Component Hardware (68.50%) By Application Vehicle Tracking Or Recovery Fleet Management (25.30%) By Connectivity Satellite Connectivity (66.30%) By Vehicle Type Passenger Cars (52.60%) By Sales Channel OEM (67.2%) Top Drivers Stringent government regulations mandating vehicle safety and tracking features. Rising consumer demand for advanced in-vehicle connected car services. The growing adoption of electric vehicles needing specialized telematics. Top Trends Integration of AI and machine learning for predictive analytics. The rapid expansion of 5G connectivity enabling V2X communication. Increasing focus on data monetization solutions by automotive OEMs. Top Challenges High initial hardware and implementation costs for advanced systems. Navigating complex data privacy regulations and cybersecurity threats. Ensuring seamless interoperability between different hardware and software platforms. Operational Excellence Redefined Through Advanced Fleet Management and Data Driven Insights Telematics solutions are delivering tangible improvements in fleet operations and efficiency in the global automotive telematics market. A 2024 survey of fleet professionals found the average fleet size to be 103 trucks for GVW Classes 4-8. A separate 2024 European report provided a different regional perspective, noting the average fleet size for survey respondents in Portugal was 137 vehicles. The scale of industry engagement in research is substantial. A key survey from Teletrac Navman was based on data from over 500 global fleet businesses. Similarly, Verizon's 2024 Fleet Trends Report gathered insights from a large sample of more than 2,500 fleet managers and professionals across 11 countries. Efficiency gains are not just about tracking. Leading platforms are automating core business processes. For instance, Samsara's platform has successfully digitized over 230 million workflows, drastically reducing administrative burdens and paperwork for its users. Unprecedented Market Penetration Signals a Future of Ubiquitous Vehicle Connectivity Solutions The adoption of telematics hardware in the is a primary indicator of market expansion. The automotive telematics market is witnessing incredible growth in unit shipments. Total shipments of embedded Original Equipment Manufacturer (OEM) telematics systems reached an estimated 64.5 million units globally in 2024. Projections for 2029 anticipate these shipments will surge to 82.1 million units. Active subscriptions tell a similar story of robust growth. The number of active embedded telematics subscriptions is projected to be 286.6 million in 2024. By 2029, this number is forecast to nearly double, reaching 528.1 million. The North American commercial vehicle telematics sector is particularly strong. It accounted for 9.03 million units in 2024 and is expected to grow to 10.53 million units in 2025. Looking further ahead, projections for 2030 suggest the North American market will encompass 20.53 million units. Globally, with approximately 27.45 million commercial vehicles sold in 2023, the addressable market for telematics providers remains vast and full of potential. Usage Based Insurance Transforms Risk Assessment Models for Insurers and Policyholders The insurance industry is a key beneficiary of telematics data in the automotive telematics market. Usage-Based Insurance (UBI) is moving from a niche product to a mainstream offering. Globally, out of 875 million total auto insurance policies, approximately 20 million are now usage-based. These policies leverage real-time driving data to create more accurate and personalized risk profiles. The mobile UBI segment, which uses smartphone technology instead of dedicated hardware, has also expanded significantly. It now accounts for 4.8 million policyholders worldwide. A shift represents a fundamental change in how insurance risk is calculated. Insurers can reward safer driving behavior, while consumers gain more control over their premiums. The Digital Exhaust Stream Fuels Big Data Analytics and Sustainable Operations Connected vehicles are generating an unprecedented volume of data. Leading platforms in the automotive telematics market are harnessing information for powerful analytics and operational improvements. Samsara's platform, for example, processed over 9 trillion data points from its connected devices in fiscal year 2024 alone. The sheer scale of data processing is enabled by a robust infrastructure. The platform supported a volume of over 75 billion API calls during the same period. Beyond operational metrics, data is also driving sustainability efforts. Through route optimization and improved driver behavior, Samsara's platform has contributed to saving approximately 2.3 billion pounds of carbon emissions. A fact demonstrates the growing role of the automotive telematics market in helping corporations meet environmental, social, and governance (ESG) goals. Astounding Financial Implications of Vehicle Accidents Underscore Telematics' Intrinsic Value Proposition The financial argument for telematics adoption becomes crystal clear when examining accident costs. The average cost of a crash involving a medium to heavy truck is a staggering $148,279. For a typical commercial truck accident, the average cost for basic health and property damage is $334,892. If a semi-truck is pulling multiple trailers, the average accident cost escalates dramatically to $1.2 million. The costs associated with a fatality are even more profound, with a commercial truck accident resulting in a death having an average cost of $7.2 million. Even a non-fatal, work-related crash carries a significant financial burden, with an average cost of around $75,000 in the automotive telematics market. According to OSHA, even a "best-case" fleet accident scenario involves approximately $16,500 in damages and $57,500 in injury-related costs. An at-fault accident with a luxury vehicle can result in property damage costs between $50,000 and $100,000 alone. Furthermore, the average reduction in a vehicle's value after a crash is around $500, with some estimates closer to $2,200 for higher-end vehicles. These figures powerfully illustrate the immense return on investment offered by safety-focused telematics solutions. Global Adoption Rates Soar as Regional Markets Rapidly Embrace Embedded Telematics Different regions are at various stages of telematics adoption, but all show strong upward trends. In 2024, an estimated 79% of all new cars sold worldwide were equipped with an OEM-embedded telematics system. Europe (EU27+EFTA+UK) is leading the charge, driven by regulation. The attach rate for telematics in Europe is expected to reach 100% by 2025. A figure is up from an already high 97% in 2024, largely due to the eCall mandate. North America also demonstrates mature adoption with a high telematics attach rate of about 93% in 2024. China's dynamic automotive telematics market is also expanding quickly, with its telematics attach rate reaching 84% in 2024. These high penetration rates signify a global consensus on the value of connected vehicle technology. Need a Customized Version? Request It Now: Advanced Hardware Integration and Accessible Pricing Fuel Widespread Commercial and OEM Adoption The growth of the automotive telematics market is supported by both technological advancement and accessible business models. Service providers are making powerful technology available at manageable costs. Samsara, for instance, offers its comprehensive telematics solution for a price point of around $27 per vehicle per month. Such pricing makes advanced fleet management accessible to businesses of all sizes. On the hardware front, integration is becoming seamless. Component supplier Valeo is supplying a state-of-the-art 4G communication module for Renault's highly anticipated 2025 Scenic E-TECH model. Similarly, automakers are embedding connectivity directly into their latest vehicles. Hyundai's 2024 Venue and Creta models now come equipped with 4G-enabled BlueLink telematics. A trend towards deep integration ensures that connectivity is no longer an afterthought but a core feature of modern vehicles, paving the way for continued market expansion. Global Automotive Telematics Market Major Players: Robert Bosch GmbH Continental AG​ LG Electronics Verizon Harman International Delphi Automotive Plc Visteon Corporation​ Magneti Marelli S.P.A.​ Tomtom International BV Qualcomm Technologies Inc. Intel Corporation Trimble Inc AT&T Octo Telematics Airbiquity Inc. Masternaut Limited The Descartes Systems Group Inc. Box Telematics Act Soft Other Prominent Players Key Market Segmentation: By Component segment: Hardware Self-contained Telematics Units (TCU) GPS Devices Software Platform Services Consulting Implementation Maintenance Telematics as a Service By Application: Automatic Crash Notification Billing Services Driver Behavior Emergency Calling Insurance Risk Assessment Navigation On-Road Assistance Remote Diagnostics Vehicle Tracking/Recovery (Fleet Management) Others By Vehicle Type: Light Commercial Vehicles Passenger Car Electric Vehicles ICE Vehicles Heavy Vehicles Two-Wheeler Others By Connectivity: Satellite Cellular By Sales Channel: Aftermarket OEMs By Region: North America Europe Asia Pacific Middle East & Africa (MEA) South America Explore the Report Before You Buy – Book a Walkthrough: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store