Nvidia is hunting Czech startups, the Hamleys toy store is disappearing, Evergrande is going into liquidation

Good morning! It’s the 30th day of the year, Robin’s holiday. On this day in 2020, the World Health Organization declared the ongoing 2019-nCoV outbreak a global health emergency.

Check out the overview of the most important events of the last hours.

✅ Evergrande has fallen. The court sent the most indebted developer in the world into liquidation

A court in Hong Kong sent the Chinese real estate company China Evergrande into liquidation on Monday, which is the most indebted developer in the world with liabilities of over 300 billion dollars (6.8 trillion crowns). This is reported by the Reuters agency, according to which the decision is likely to have significant effects on the Chinese financial markets.

✅ Šmejc’s Emma Capital will create a joint venture with PNS. They will split the division of the company Mailstep

První novinová společnost (PNS), the largest distributor of print on the Czech market, will join the finishing division of Mailstep, which is one of the largest domestic companies focused on logistics in the e-commerce sector and provides packaging services, processing of subscription shipments and transport or delivery in particular for media houses and the printing industry. PNS will acquire a fifty percent stake in the newly formed company MailFinish, less than the other half (45 percent) remains owned by the Emma Capital group and the remaining five percent is owned by Jan Rozlivka. The parties did not disclose the price of the transaction.

✅ The Hamleys toy store has disappeared from the Czech Republic. An entertainment center will be created instead

The famous British toy store Hamleys will no longer be seen in the Czech Republic. After eight years, the Czech investor Pavel Čmelík and the Hamleys company did not agree on what this store should look like. Economic newspaper. Although the stores remain, they have changed their name. Instead of the red and white Hamlays sign, The Playground appeared.

✅ Nvidia is hunting startups in the Czech Republic as part of the AI ​​explosion. It offers them discounts, investments or sales support

The American chip company Nvidia wants to focus more on supporting technology startups in the Czech Republic. Here, she started promoting the Inception program, in which she offers start-up companies free technology or connections to investors. The company itself also invests in startups.

Happening today:

  • The new French Prime Minister Gabriel Attal will present his government’s program statement in the National Assembly
  • The International Monetary Fund will publish an update of the autumn outlook for the world economy
  • Transparency International will publish the global corruption perception index for last year

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