BYD's third-quarter profit growth slows, misses forecasts - Reuters

More in Business

• Motor Traders Association proposes using car length to distinguish mass-market cars in COE review

  Industry stakeholders are urging Singapore authorities to adopt physical dimensions alongside monetary metrics to protect the mass-market quota from upscale infiltration. The proposal counters a government plan that relies purely on market valuation discounts, which automotive dealers fear could still permit larger, higher-end models to displace typical family buyers. Ensuring tighter vehicle classifications aims to stabilize pricing volatility and preserve the original intent of the vehicle quota system.

  3 min read
• DoorDash to buy Instacart for $17bn in major grocery delivery consolidation

  The mega-merger unites two major delivery platforms as competition intensifies across the retail and grocery sectors. By integrating their operations, the combined entity aims to blend specialized grocery shopping services with a massive global logistics network. This union comes after years of shifting consumer spending that significantly widened the market share gap between the two companies.

  1 min read
• DoorDash to acquire Instacart for $17B

  This strategic union merges the leading restaurant takeout platform with a premier grocery fulfillment network to create an expansive on-demand delivery powerhouse. The integration is designed to lower fulfillment costs for retailers while scaling up digital ordering platforms and advertising services. The move comes after alternative merger discussions with other industry rivals fell through.

  1 min read