Nissin Outperforms in China’s Shrinking Instant Noodle Market

Company’s parent says it will use steady promotion to seize the huge business opportunities in China Key Takeaways: Nissin Foods’ revenue in China grows 10.3% in third quarter, as it outperforms market’s two leading instant noodle companies Company continues to strengthen its flagship products and expand its sales area in drive to boost market share By Jony Ho Mainland China- and Hong Kong-focused instant noodle maker Nissin Foods (1475.HK) announced last Friday that revenue for the first three quarters of this year reached HK$2.86 billion ($367 million), up 6.4% year-on-year.…

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TuSimple Stuck in Low Revenue, Loss-Making Zone as It Eyes First Driverless Truck Trips

Company aims for first fully autonomous journeys before the end of the year but faces stiff competition and an uphill battle to commercialize Key takeaways: TuSimple’s third-quarter loss widened as it forecast its expenses for 2021 will come in at upper end of previous guidance Severe driver shortage and high fuel costs play in company’s favor, but regulatory risk amid U.S.-China tensions remains a concern By Mia Shanley At first glance, self-driving trucking firm TuSimple Holdings Inc. (TSP.US) appears to be sitting pretty. A global supply chain breakdown, a driver…

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