# joint venture
Latest news and articles about joint venture
Total: 5 articles found
Trilateral Next‑Gen Fighter Programme Stalls as UK Delays Key Contract, Putting 2035 Target at Risk
The Japan‑UK‑Italy Global Combat Air Programme (GCAP) has been set back after the planned 2025 contract between its international government body and the trilateral joint venture was delayed for reasons tied to the UK. The postponement imperils the programme’s 2035 deployment goal and raises wider questions about governance, cost‑sharing and strategic timelines in multinational defence projects.
Mercedes‑Benz China Shuffles Senior Team as Sales Chief Steps Down, Smart Brand Marketing Gets a New Lead
Mercedes‑Benz China has announced a managed leadership reshuffle: Duan Jianjun will step down as president and CEO of the Beijing sales company and remain as an advisor until 30 April, Li Desi will take over on 1 March, Zhang Mingxia will move from smart’s global marketing role back into sales on 1 April, and Kang Yi will become smart’s global CMO. The moves prioritise continuity and closer alignment between sales, marketing and finance as Mercedes navigates intense competition and rapid change in China’s automotive market.
China Dismantles Unauthorised Weather Stations Near Military Base Over Data‑Leak Fears
China's security agencies removed unauthorised meteorological stations near a military base that were run by a Sino‑foreign joint venture and linked to overseas servers. Authorities cited the dual‑use nature of high‑resolution weather and soil data and enforcement of rules banning foreign‑involved observation sites in sensitive areas.
TikTok Survives US Crackdown by Keeping Its Algorithm and Carving Out a US Data Guardrail
TikTok has set up a US data‑security joint venture and preserved its core algorithm IP by licensing it, while ByteDance retains a 19.9% stake in the new entity and full ownership of US commercial operations. The deal secures the app’s presence in America, attracts major American and global investors, and establishes a template for managing tech‑national security tensions without dismantling the business.
TCL to Take Operational Control of Sony’s TV Business in Move That Could Accelerate Industry Consolidation
TCL Electronics and Sony have agreed a memorandum of understanding to form a joint venture in which TCL would hold 51% and Sony 49% to run Sony’s home entertainment business, including BRAVIA-branded TVs. The deal, subject to a final agreement by March 2026 and operations beginning April 2027, would give TCL operational control of Sony’s TV unit and could accelerate consolidation in the global television market. The transaction pairs TCL’s rising manufacturing and panel capacity with Sony’s premium brand, promising scale and market-share gains but raising questions about brand stewardship, regulatory approval and competitive responses from other global players.