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Bloomberg
an hour ago
- Bloomberg
Live Q&A: How Xiaomi Succeeded in EVs Where Apple Failed
Linda Lew Xiaomi has emerged as the only major tech company to successfully break into the EV market — achieving in three years what Apple couldn't in over a decade. Lei Jun's confident jab at Apple during the Beijing SUV launch — paired with nearly 300,000 orders in under an hour — has sparked a global conversation. With its affordable pricing, slick Porsche-like designs, and seamless smartphone integration, Xiaomi's cars are seeking to redefine the smart vehicle landscape. Bloomberg's Annabelle Droulers, Linda Lew, Katrina Nicholas, and Vlad Savov unpack the rapid rise of Xiaomi's EV ambitions, its competitive edge in China's hyper-charged auto market, and what this means for global players like Tesla. Join the Live Q&A on July 7, 2025 at 11 a.m. HKT / 8:30 a.m. IST / 11 p.m. ET (July 6, 2025) Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team live questions. This conversation will be recorded and be made available to listen and share.
Yahoo
2 hours ago
- Yahoo
LVMH Acquires French Media Group Bey Médias
NEWSMAKER: LVMH Moët Hennessy Louis Vuitton is continuing to expand its media footprint with the acquisition of French media group Bey Médias. Financial details of the deal were not disclosed. More from WWD Moynat Opens Avenue Montaigne Boutique Jonathan Anderson's Dior Debut Draws Daniel Craig, Robert Pattinson, TXT and Rihanna Jonathan Anderson on Building His Dior World, One Show at a Time The luxury group was already a minority shareholder of the company, which publishes daily newspaper L'Opinion and financial news website L'Agefi. It has bought the stakes of founder Nicolas Beytout as well as those of other shareholders including Théthys, which is owned by L'Oréal's Bettencourt founding family; American businessman Ken Fisher, and Dow Jones, the group owned by media titan Rupert Murdoch. According to sources with knowledge of the matter, the acquisition was done through the group's Ufipar subsidiary. L'Opinion and L'Agefi will be in an entity distinct from the Les Échos – Le Parisien group. It is understood that the publications' editorial structures and teams would remain in place. Beytout will continue to serve as the media group's president as well as president and publishing director of L'Opinion, with Rémi Godeau remaining as editor in chief. Meanwhile, Alexandre Garabedian is staying as editorial director of L'Agefi. L'Opinion and parent company Bey Médias were created in 2013 by Beytout, former president of Les Echos – purchased by LVMH in 2007 – and former editorial director of Le Figaro. At the time, they received financing from the French luxury group to launch. Known for its liberal and pro-European stance, it has a partnership with Dow Jones-owned Wall Street Journal, allowing it to translate and publish articles drawn from the American publication. In 2019, Bey Médias acquired L'Agefi, a 114-year-old publication then owned by Artémis, the Pinault family's holding company. Last year, the media group entered unsuccessful negotiations with Czech billionaire businessman Daniel Kretinsky. Prior to that, it was in talks with French-Lebanese global transport tycoon Rodolphe Saadé, who owns several media including business news site La Tribune and TV channel BFMTV. LVMH also owns French people magazine Paris Match, acquired in October, and has owned daily newspaper Le Parisien and its national counterpart, Aujourd'hui en France, since 2015. Best of WWD EXCLUSIVE: Sean Combs Regains Control of Sean John Brand Isabel Marant Said in Play Again: Sources Holding Industriale Invests in Shoe Specialist Valmor 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
2 hours ago
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Implenia acquires $251.9m construction orders in Switzerland and Germany
Construction and real-estate service provider Implenia has secured a range of new building construction contracts in Switzerland and Germany, together valued at around SFr200m ($251.9m). The contracts include building a new data centre, a hotel rebuild, and a residential development. The company has entered a core and shell contract with sustainable digital infrastructure provider, STACK Infrastructure, to construct a new data centre in Beringen. This marks the eighth such project for Implenia in Switzerland since 2020. This facility will be built to the latest building information modelling (BIM) standards, enabling paper-free operations through the use of 3D models on BIM stations. The completion of the data centre is projected for 2027. In Gstaad, Switzerland, Grand Hotel Park SA has commissioned Implenia to undertake the rebuilding and renovation of the historic Grand Hotel Park, which opened in 1910. As the general contractor, Implenia is responsible for the core and shell construction and coordination of carpentry work. The project aims for Building Research Establishment Environmental Assessment Method certification and is utilising 'lean construction' methods. The hotel, managed by Squircle Capital, began construction in October 2024 and is expected to reopen as The Park Gstaad, A Four Seasons Hotel, in time for the 2026-27 winter season. Implenia has also been selected by real-estate company Mobimo as the total contractor for the Nordbau conversion and extension project in Aarau, Switzerland. The project, which is part of the Aeschbach quarter development, will preserve parts of the old concrete structure for sustainability. The mixed-use building will offer 122 rental apartments, 200m² of commercial space, and will meet the Minergie-ECO standard. All services, from demolition to turnkey interior fittings, will be provided by Implenia, with the project handover scheduled for mid-2028. In Germany, Implenia has acquired contracts for various projects, including a school and shopping centre in Heilbronn, a residential complex in Sindelfingen, and a specialist shopping centre near Bamberg. Additionally, the company is renovating a residential building in Halle and rebuilding a logistics hall for Lufthansa Aviation Training in Neufahrn. Last month, Implenia signed an early contractor involvement contract with SKB for the construction of the first underground section of a deep repository for radioactive waste in Sweden. "Implenia acquires $251.9m construction orders in Switzerland and Germany" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
