Latest news with #globalExpansion
South China Morning Post
4 days ago
- Business
- South China Morning Post
Deloitte China launches global office to help mainland clients navigate trade tensions
Deloitte China will set up a new global office, increase headcount and invest in technology to support its mainland Chinese clients' global expansion plans while helping them navigate geopolitical tensions, according to its new boss. Advertisement 'The current US-China tariff dispute presents a golden opportunity for Chinese companies to truly go global,' said Dora Liu, who took over as CEO of Deloitte China for the next four years on Sunday. 'We see a trend of Chinese companies now expanding to Southeast Asia, the Middle East and Central Europe.' She is the first woman to lead Deloitte China, taking over from Patrick Tsang, who has become a senior partner of the firm. Mainland Chinese companies are increasingly seeking new supply chains and new markets amid the US-China trade war. The dispute escalated after US President Donald Trump on April 2 introduced the so-called 'reciprocal tariffs' on imports from China and other countries, but a temporary 90-day truce last month considerably reduced the tit-for-tat tariffs on both sides. 03:01 US appeals court allows Donald Trump's tariffs to stay in effect US appeals court allows Donald Trump's tariffs to stay in effect The US Court of International Trade in Manhattan ruled on Wednesday against Trump's move to impose punitive tariffs on the nation's trading partners, saying the president overstepped his authority, but analysts said the uncertainties surrounding the trade disputes were a concern. Advertisement Liu said these uncertainties would bring new opportunities. She planned to establish a global office at Deloitte China, involving dozens of regional and global partners and staff to help multinational clients and mainland Chinese companies achieve their global goals.
Bloomberg
6 days ago
- Business
- Bloomberg
Why There's a Battle to Own 7-Eleven
7-Eleven perfected its model in Japan but has struggled to replicate that success in the US. Now a new player believes it can do a better job at creating a global convenience store empire. (Source: Bloomberg)
Bloomberg
6 days ago
- Business
- Bloomberg
The Billion-Dollar Battle to Own 7-Eleven
7-Eleven convenience stores perfected their model in Japan, where diverse, fresh-food offerings attract locals and tourists alike. But the company, which had its start long ago in the US, has struggled to replicate that success elsewhere—particularly in the country where it was born. Now a new player believes it can do a better job at creating a global convenience store empire. Canadian company Couche-Tard, owner of Circle K stores, has made an unsolicited bid to buy Seven & i Holdings, the parent of 7-Eleven. On the Bloomberg Originals mini-documentary Why There's a Battle to Own 7-Eleven, we discuss how the famous chain had its start and why its Japanese locations are so different from those in the US.
South China Morning Post
25-05-2025
- Business
- South China Morning Post
How Chinese firms are using US-China tensions to fuel global growth
For eSignGlobal, a digital signature services provider from Hangzhou, the US-China trade tensions present an opportunity to expand globally, as it uses the conflict to its advantage. 'Chinese state-owned enterprises and private enterprises are growing cautious about using US services, opening up opportunities for our company,' said Eric Jin, founder and CEO. He said the company's growth would be fuelled by two main factors. First, rising data security concerns amid geopolitical tensions had forced Chinese firms to stop relying on US e-signature solutions and turn to domestic alternatives. Second, a growing number of Chinese firms expanding overseas had widened eSignGlobal's client base. Chinese companies were in the early stages of their global expansion journey, with considerable growth potential ahead, according to an HSBC report published on May 19. Eric Jin, founder and CEO of eSignGlobal, said the company's revenue had more than tripled so far this year. Photo: Handout Revenue at ESignGlobal, which has more than 3,000 partners including Alibaba Cloud and serves 6.1 million businesses and 120 million individual users, had more than tripled year to date from a year earlier, according to Jin. Alibaba Cloud is the cloud computing arm of Alibaba Group Holding, which also owns the Post.
Yahoo
23-05-2025
- Automotive
- Yahoo
XPeng Inc (XPEV) Q1 2025 Earnings Call Highlights: Record Deliveries and Strategic Innovations ...
Q1 Deliveries: 94,008 units, a 331% year-over-year increase. Gross Margin: 15.6% in Q1 2025, improved for seven consecutive quarters. Free Cash Flow: Exceeded RMB3 billion in Q1. Total Revenue: RMB15.81 billion, a 141.5% year-over-year increase. Vehicle Sales Revenue: RMB14.37 billion, a 159.2% year-over-year increase. Services and Others Revenue: RMB1.44 billion, a 43.6% year-over-year increase. Vehicle Margin: 10.5% in Q1 2025, up from 5.5% in Q1 2024. R&D Expenses: RMB1.98 billion, a 46.7% year-over-year increase. SG&A Expenses: RMB1.95 billion, a 40.2% year-over-year increase. Net Loss: RMB0.66 billion, reduced from RMB1.37 billion year-over-year. Cash and Equivalents: RMB45.28 billion as of March 31, 2025. Warning! GuruFocus has detected 5 Warning Sign with XPEV. Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. XPeng Inc (NYSE:XPEV) achieved a record high of 94,008 vehicle deliveries in Q1 2025, marking a 331% year-over-year increase. The company's vehicle gross margin improved for seven consecutive quarters, reaching a record high of 15.6% in Q1 2025. XPeng Inc (NYSE:XPEV) reported significant progress in AI-driven tech innovation, enhancing capabilities in AI-assisted driving, smart cabins, and Turing chips. The company successfully expanded its global presence, with overseas deliveries increasing by more than 31,700 year-over-year. XPeng Inc (NYSE:XPEV) anticipates achieving profitability in Q4 2025 and generating substantial free cash flow for the entire year. Despite the impressive growth, XPeng Inc (NYSE:XPEV) reported a net loss of RMB0.66 billion for Q1 2025. The company faced inventory provisions and losses on purchase commitments related to the upgrade of certain vehicle models. R&D expenses increased by 46.7% year-over-year, driven by higher expenses related to new vehicle models and technologies. XPeng Inc (NYSE:XPEV) is exposed to foreign exchange risks, particularly due to its business in Europe. The company faces increased competition from both domestic and international automakers, impacting market dynamics. Q: Given XPeng's strong model pipeline and consistent monthly sales of 30,000 units, should we expect a significant sales jump in the coming quarters? A: Xiaopeng He, CEO, stated that XPeng's performance aligns with their long-term strategy. Starting Q3, they plan to launch new models aggressively, enhancing AI capabilities and introducing the Kunpeng electric drive system, which will drive future growth. Brian Gu, Vice President, added that new launches like the MONA Max and upcoming models will catalyze further growth, expecting historical highs in deliveries and improved product mix for better profit margins. Q: What is XPeng's strategy for international growth, especially in light of increased tariffs in the EU? A: Brian Gu, Vice President, highlighted strong international growth, focusing on Europe, the Middle East, and Southeast Asia. Despite tariff challenges, XPeng is committed to long-term growth, exploring collaborations, product mix changes, and potential local investments to mitigate tariff impacts. Q: Will XPeng's Turing chip be used across all models, and how will it impact costs and customer pricing? A: Xiaopeng He, CEO, confirmed that the Turing chip development is progressing well, enhancing autonomous driving and cockpit capabilities. Mass production is expected soon, with the chip offering 3 to 7 times the computing power of mainstream chips. XPeng aims to democratize high-end technology, sharing cost benefits with customers. Q: What role does the MONA series play in XPeng's AI strategy, and what is its market penetration target? A: Xiaopeng He, CEO, expressed high expectations for the MONA series, targeting the RMB150,000 market segment with advanced AI capabilities. The series aims to resonate with young consumers, and XPeng is curious about its market penetration, aiming for maximum impact. Q: How is XPeng leveraging its autonomous driving expertise in humanoid robot development, and what are the production goals? A: Xiaopeng He, CEO, explained that XPeng's robotics development leverages their full-stack R&D capabilities, including EEA, powertrain, and Turing chip expertise. By 2026, XPeng aims for mass production capacity and rapid OTA iterations, introducing innovative products to the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
