News

• Xiaomi Accelerates Growth with Electric Car Success

  
  
  
  Chinese electronics giant Xiaomi reported a 33% year-on-year surge in third-quarter sales, driven by the success of its first electric vehicle, the SU7 sedan, which surpassed 100,000 units in deliveries since its April launch. Adjusted net profit rose 4.4% to 6.25 billion yuan (€845 million), exceeding analysts’ forecasts of 5.92 billion yuan (€769.6 million). Positioned as a rival to high-performance vehicles like the Porsche Taycan, the SU7 debuted in Europe at the Paris Olympics and gained further visibility with a dedicated garage at Germany’s Nürburgring racetrack. Xiaomi’s strategic entry into the EV market underscores its ambition to expand beyond electronics and establish a foothold in the competitive automotive sector.
  
  

  
  

  19/11/2024

• Carrefour Reclaims Domain in WIPO Dispute

  
  
  
  Carrefour SA, one of the world’s largest retail chains, has won a WIPO domain dispute against Ed Glenn over the domain <carrefoursnsap.com>. The panel found the domain was confusingly similar to Carrefour’s well-established trademark and likely registered in bad faith. Although the domain was not actively used, its passive holding, combined with the global reputation of the Carrefour brand, was deemed sufficient to establish misuse. The decision underscores the importance of safeguarding brand integrity in the digital space. The chart below illustrates Carrefour’s trademark portfolio categorized by trademark classes.
  
  

  
  

  15/11/2024

• Allianz Boosts Q3 Profit and Raises Annual Outlook Amid Strong Performance

  
  
  
  Germany’s Allianz, Europe’s largest insurer, posted a 22% rise in third-quarter net profit to €2.47 billion, outperforming analysts’ estimates of €2.37 billion. This impressive result was aided by a decline in natural catastrophe claims compared to the previous year, with significant gains in its property and casualty sector. Allianz has now revised its annual outlook, projecting operating profit to hit the upper range of its €13.8 billion to €15.8 billion target. The Munich-based insurer, a global leader in insurance and asset management, saw its net income peak in 2023 at approximately €9 billion, marking a steady recovery and growth trajectory since the 2008 financial downturn.
  
  

  
  

  13/11/2024