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Tangible raises $4.3m seed round to unlock scalable debt finance for hardtech firms

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Tangible, a fintech platform focused on helping hardtech companies access and manage structured debt financing, has raised a $4.3 million seed round as it looks to modernise how capital-intensive businesses fund growth.

The round was led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital and Aperture. The funding will be used to scale Tangible’s team and deepen automation across its platform.

Hardtech companies, spanning sectors such as energy, transport, advanced manufacturing and compute infrastructure, are increasingly seen as central to tackling some of the biggest macroeconomic challenges of the coming decades. BlackRock estimates that $68 trillion of new infrastructure investment will be required by 2040 to meet global demand.

Yet despite renewed interest in physical innovation, financing remains a major bottleneck. Traditional venture capital models often struggle to support asset-heavy businesses, which typically require large amounts of upfront capital. As a result, many early-stage hardtech companies rely on expensive equity funding to finance capital expenditure, increasing dilution and, in some cases, threatening long-term viability.

At the same time, private credit, now a $3.5 trillion market, is increasingly well positioned to meet this demand. However, deploying debt capital efficiently into hardtech remains complex and resource-intensive, particularly for lenders reliant on bespoke documentation and manual processes.

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Tangible was founded to address this gap. Its AI-powered platform standardises the data, documentation and ongoing reporting required by lenders, reducing underwriting time and costs while enabling founders to run structured debt facilities without building in-house finance teams.

Hampus Jakobson, general partner at Pale Blue Dot, said: “Most of the innovations shaping the future, from vehicles and data centres to robotics, are fundamentally physical, and they shouldn’t be financed by venture equity alone. Tangible opens up new financing options for hardtech businesses, and we strongly believe in the team’s vision to bridge this structural gap.”

William Godfrey, co-founder and chief executive of Tangible, said demand for physical assets was accelerating as governments and businesses push reindustrialisation, energy security and technological sovereignty. “As hardtech companies scale at speed, investors need modern infrastructure to deploy capital just as fast,” he said.

“Legacy processes based on bespoke documentation and manual coordination no longer cut it. Tangible provides the financial infrastructure that makes hardtech easier to diligence for institutional credit, allowing companies to raise asset-backed financing faster and with less friction.”

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The company said the new funding would support the build-out of automation across collaboration, diligence and reporting workflows, helping to reduce transaction costs and shorten time-to-close for both founders and lenders.

For hardtech firms facing mounting capital pressures, Tangible is positioning debt as a viable alternative to either heavy dilution, or failure.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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ERA chair encouraged by energy signs

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ERA chair encouraged by energy signs

The chair of the Economic Regulation Authority says signs are encouraging for the state’s energy market, despite a proposed hike in benchmark reserve capacity prices.

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Hua Hong Semiconductor Limited (HHUSF) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Hua Hong Semiconductor Limited (HHUSF) Q4 2025 Earnings Call February 12, 2026 4:00 AM EST

Company Participants

Yu-Cheng Wang – Executive VP & Secretary of the Board
Bai Peng – President & Executive Chairman

Conference Call Participants

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Leping Huang – Huatai Securities Co., Ltd., Research Division
Ziyuan Wang – Citic Securities Co., Ltd., Research Division

Presentation

Operator

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Ladies and gentlemen, thank you for standing by. Welcome to Hua Hong Semiconductor Fourth Quarter 2025 Earnings Conference Call. Today’s call is hosted by Dr. Peng Bai, Chairman and President; and Mr. Daniel Wang, Executive Vice President and Chief Financial Officer.

[Operator Instructions] The earnings press release and fourth quarter 2025 summary slides are available to download at our company’s website, www.huahonggrace.com.

Without further ado, I would like to introduce you to Mr. Daniel Wang, Executive Vice President and Chief Financial Officer. Thank you. Please go ahead.

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Yu-Cheng Wang
Executive VP & Secretary of the Board

Good afternoon, everyone. Thank you for joining our Q4 2025 earnings conference. Today, we will first have Dr. Peng Bai, our Chairman and President, provide an overview of our fourth quarter and full year performance. I’ll then take you through our financial results in detail and offer guidance for the upcoming quarter. We’ll then open the floor for a Q&A session.

With that, I turn the call over to Dr. Bai.

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Bai Peng
President & Executive Chairman

Thank you, Daniel. Good afternoon, everyone. Thank you for joining our earnings call. Fourth quarter 2025 sale revenue for Hua Hong Semiconductor reached an all-time high of USD 659.9 million with a gross margin of 13% for the quarter, both in line with our guidance. For the full year of 2025, the company reported sales revenue of USD 2.4 billion and a gross margin of 11.8%, both achieving year-on-year growth and meeting management expectations.

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What Mark Stephen McCollum Has Learned from 35 Years in Automotive

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What Mark Stephen McCollum Has Learned from 35 Years in Automotive

Mark Stephen McCollum is a respected name in the automotive world, with over 35 years of hands-on experience. Born and raised in Conroe, Texas, he grew up in a close family and learned early the value of hard work.

He studied business finance at Lon Morris College and Texas A&M University, building a foundation that would carry him through a long and successful career.

Mark worked his way up from the ground floor, starting in dealership operations before taking on senior leadership roles. He served as General Manager at Sonic Automotive and later became Market President at AutoNation, the largest automotive retailer in the United States. There, he oversaw 22 franchises across 18 rooftops, managing over $1.5 billion in revenue.

His approach to leadership is straightforward—prioritise people, stay close to the work, and make decisions based on real-world experience. Mark believes that trust and culture drive performance more than numbers alone.

More recently, he founded Automotive IntelliQence, a software company helping dealers use data to make smarter decisions without losing the human touch. He remains active in mentoring others and giving back to his community, supporting the Centre for Child Protection in Austin.

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Whether leading large teams or building new tools for the industry, Mark Stephen McCollum stands out as a thoughtful, steady leader who knows the business inside and out.

Mark, take us back to the beginning—how did you first get started in automotive retail?

I started in dealerships not long after finishing at Texas A&M and Lon Morris College, where I studied business finance. I grew up in Conroe, Texas, in a working family where getting stuck in and figuring things out for yourself was the norm. I didn’t have a big plan, but I was drawn to the energy of retail. Once I got inside a dealership and saw how everything worked—from sales to service—I was hooked.

Back then, I was the guy who showed up early, stayed late, and asked questions. I wanted to understand every part of the business, not just my lane. That helped me move up quickly.

What were some early lessons you learned on the ground?

Don’t assume you know more than the people doing the work. I remember early on, I tried to change a service process without speaking to the technicians. It backfired. They knew the process better than I did. From then on, I always walked the floor, asked questions, and listened before making decisions. That approach served me well throughout my career.

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You eventually became Market President at AutoNation. What was that like?

That role was intense—in a good way. I was responsible for 22 franchises across 18 rooftops, managing more than $1.5 billion in annual revenue. Every day was different. You’d be talking strategy one minute and solving a customer issue the next. But at that scale, the challenge is consistency. You need systems, yes, but you also need strong local leadership and a clear culture.

I made it a point to spend time in the stores, not just behind reports. When you’re dealing with thousands of employees and customers, the only way to keep things on track is to stay connected to the people. It’s not glamorous, but it’s effective.

After decades in operations, you moved into tech. What led to the founding of Automotive IntelliQence?

Over the years, I kept seeing the same issue: dealers had tons of data, but they weren’t using it in a way that helped their people make better decisions. I wasn’t looking to build the next shiny dashboard—I wanted to build tools that worked in the real world.

Automotive IntelliQence came from that. It’s about giving frontline teams the insights they need without adding friction. The aim wasn’t to replace people—it was to support them. I believe tech should fit into the flow of work, not disrupt it.

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What changes in the auto industry have surprised you most?

Honestly, I’m surprised by how quickly digital retail has been embraced on the surface—and how slowly it’s being implemented underneath. There’s a difference between offering online car sales and actually integrating digital into how your team works.

There’s also a growing gap between customer expectations and dealership processes. People want transparency and speed, but many systems are still clunky. That’s where smart tools, better training, and leadership make the difference.

What was one of the hardest leadership challenges you’ve faced?

Hiring the wrong leadership team in a new market. They looked great on paper—impressive backgrounds, polished resumes. But culturally, it was a mismatch. Morale dipped, and turnover followed. I had to step back in, reset expectations, and rebuild the team from scratch.

That experience taught me that values alignment matters more than experience. You can train skills, but you can’t train character. Since then, I’ve always hired with that in mind.

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How do you define success at this point in your career?

It’s changed a lot. In the beginning, success meant numbers—hitting goals, earning promotions, growing revenue. These days, I think about legacy. Did I help someone grow in their role? Did I build something that lasts? That’s success to me now.

Also, balance matters. I used to run myself into the ground. Now, I make time for golf, family, and quiet mornings. You can’t lead others if you’re running on empty.

What advice would you give to someone starting their career in this industry?

Start by listening. Spend time learning how the business really works—on the ground, not just in reports. Show up early, stay curious, and help solve problems. And when you make a mistake—and you will—own it. That’s how you earn trust.

Also, don’t chase titles. Chase value. If you consistently create value for others, the titles and promotions will follow.

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Looking ahead, what do you think the future of auto retail looks like?

I think we’ll see a mix of high-tech and high-touch. Customers want efficiency, but they still want trust. The dealerships that succeed will be the ones that blend the two well—using tech to remove friction, and people to build relationships.

And leadership will matter more than ever. You can’t automate culture. That still comes down to who’s in the room and how they lead.

Final thoughts?

Show up. Stay grounded. Don’t stop learning. That’s what’s worked for me—and it still does.

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Fidelity UCITS ICAV announces dividend payments for ETF shares

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Fidelity UCITS ICAV announces dividend payments for ETF shares

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BHA in FDA’s safety spotlight

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BHA in FDA’s safety spotlight

The agency issues a Request for Information.

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Effective Promotion Strategies in 2026

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The digital marketing landscape has evolved considerably beyond English-only campaigns. With approximately 70% of global internet users preferring to engage in their native language, businesses seeking international expansion require agencies that understand the nuances of multilingual and multicultural marketing.

The marketing landscape is evolving faster than ever. What delivered strong results just a few years ago may now generate minimal impact.

Audiences have become more selective, competition more intense, and communication channels more complex. In 2026, success belongs not to the loudest brands, but to those that systematically manage customer attention and turn it into long-term relationships.

Personalization as the Standard

Personalization is no longer a competitive edge — it is an expectation. People do not want generic messages. They expect relevant offers, clear communication, and a sense that the brand understands their needs.

Personalization operates on three levels:

  1. Content — adapting messaging to interests, behavior, and funnel stage.
  2. Offers — tailored conditions, product recommendations, and service options.
  3. Communication — choosing the right channel and frequency for each individual.

The key is not simply collecting data, but using it thoughtfully. Overcommunication creates irritation, while timely and relevant interaction builds trust.

BassWin: A Platform Built on Modern Marketing Principles

Within the framework of today’s marketing landscape, BassWin demonstrates a comprehensive approach to growth and audience engagement. The brand actively leverages personalized communication, data analytics, and automation to deliver relevant content and a tailored user experience. BassWin follows an omnichannel strategy, maintains a transparent reputation, and builds a loyal community around its ecosystem.

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At the same time, the platform prioritizes usability, fast performance, and seamless adaptation across devices. Strong attention is given to data protection and transaction security, ensuring a high level of privacy and reliability. By combining advanced technology, customer-focused design, and a well-structured promotional strategy, BassWin aligns with the evolving standards of the 2026 digital market.

Content as a Strategic Asset

In 2026, content is not a supplement to advertising — it is a core growth driver. Brands increasingly operate like media platforms, producing expert articles, case studies, analytical insights, educational materials, and short-form content for digital platforms.

What truly resonates:

  • practical value instead of abstract statements
  • transparency and honesty
  • real experience supported by facts
  • clear and accessible language

Audiences quickly detect artificial tone. Authentic voice and structured information outperform exaggerated promises.

AI Integration in Marketing

Automation is no longer reserved for large corporations. Small and medium-sized businesses are actively implementing tools for data analysis, demand forecasting, and campaign optimization.

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Artificial intelligence enables companies to:

  • segment audiences with greater precision
  • anticipate customer behavior
  • automate communication workflows
  • test hypotheses more efficiently

However, technology remains a tool, not a strategy. Without clear positioning and deep audience understanding, even advanced systems cannot deliver sustainable results.

Omnichannel and Seamless Experience

A customer journey rarely follows a straight line. A person may discover a brand through search, explore social platforms, read reviews, subscribe to updates, and only later make a purchase. Every touchpoint must feel consistent and connected.

An omnichannel approach ensures:

  • unified communication style
  • consistent offers across platforms
  • preserved interaction history
  • fast responses in every channel

Companies that eliminate internal silos between marketing, sales, and support create a stronger and more reliable customer experience.

Reputation and Trust as Growth Drivers

In a competitive environment, trust becomes decisive. Customers analyze reviews, evaluate pricing transparency, and pay attention to how a company behaves in challenging situations.

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Reputation management includes:

  • responding quickly to feedback
  • sharing real business cases
  • maintaining openness during difficulties
  • acting consistently over time

Any misstep can spread rapidly online. Promotion must therefore align with long-term credibility.

Communities Instead of One-Time Transactions

Modern marketing focuses on sustainable relationships rather than isolated sales. Brands are building communities — professional groups, private clubs, and educational initiatives — that strengthen engagement and loyalty.

A strong community provides:

  • continuous feedback
  • higher customer retention
  • organic brand advocacy
  • lower acquisition costs

People trust recommendations within communities more than direct promotional messages.

Data and Measurable Performance

Intuition is increasingly replaced by analytics. Nearly every marketing action can be measured. The real advantage lies in correctly interpreting the data and adjusting strategy accordingly.

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Key strategic questions include:

  • Which channels generate actual profit?
  • Where does audience drop-off occur?
  • Which segments offer the greatest potential?
  • Which experiments should be scaled?

Ongoing analysis allows companies to reallocate budgets and focus on what truly drives growth.

Agility and Rapid Adaptation

Markets shift quickly. New platforms emerge, algorithms evolve, and audience behavior transforms. Businesses that test ideas in short cycles and refine strategy based on results gain a significant advantage.

Agile marketing involves continuous experimentation, flexible planning, and the readiness to adjust direction without delay.

Final Thoughts

Next-generation marketing is built on a balanced combination of technology, analytics, and genuine human understanding. The customer remains at the center — their expectations, experience, and trust define long-term success.

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In 2026, promotion is no longer limited to advertising campaigns. It is a cohesive ecosystem of meaningful interactions, where every touchpoint strengthens credibility, deepens relationships, and contributes to sustainable business growth.

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FPIs continue to bail out of financial services

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FPIs continue to bail out of financial services
Mumbai: Foreign investors accelerated their selling in financial services in the second half of January, offloading ₹5,402 crore after having sold ₹3,190 crore in the first half. For 2025, outflows from the sector stood at ₹14,903 crore.

“There are no serious valuation concerns in the financial services sector however, private banks did see some profit-booking as PSU banks outperformed on a relative basis,” said Pankaj Pandey, head of Retail Research at ICICI Direct.

Overall, overseas investors sold ₹29,056 crore across 15 sectors in the second half of January, shows NSDL data. In the first half, they had withdrawn ₹22,420 crore from 19 sectors.

The healthcare sector saw outflows of ₹5,113 crore in the second half of the month. Foreign investors pulled out nearly ₹25,000 crore from the sector in 2025.

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Most pharma and healthcare companies with significant US exposure reported muted earnings this quarter, which could have influenced the selling, said Pandey.


Global investors also offloaded more than ₹3,000 crore each from telecom, consumer services and auto stocks. “The pricing power has been somewhat affected for telecom companies given that the government is reviving the third player in the sector which could have led foreign investors to lighten their holding in this space,” said U R Bhat, Co-founder & Director, Alphaniti.
Pandey said automobile stocks’ rally in 2025 could have prompted foreign investors to trim positions.

FPIs Continue to Bail Out of Fin ServicesAgencies

JAN 16-31 TRADES Overseas investors also sell big in telecom, consumer services & auto

Inflows
Metals and mining led inflows in the second half of January, attracting ₹8,837 crore, supported by momentum in precious metals. Capital goods drew ₹2,435 crore.

“Global investor preference has been skewed towards metals and mining amid the rally in precious metals, though this may gradually shift from non-ferrous to ferrous metals,” Pandey said.

The metals sector had received ₹2,984 crore in December. So far in 2026, gold rose 17% on Wednesday, while silver gained 18%.”The volatility in the derivatives market for precious metals could have driven investor interest towards stocks of metal companies, which allows them to play on the theme with limited risk,” said Bhat.

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BofA sees modest earnings downside for Apple from memory headwinds

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BofA sees modest earnings downside for Apple from memory headwinds

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Restaurant Brands International (QSR) Q4 2025 earnings

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Restaurant Brands International (QSR) Q4 2025 earnings

HANGZHOU, CHINA – NOVEMBER 11 2025: A deliveryman picks up an order at a Burger King outlet in Hangzhou in east China’s Zhejiang province Tuesday, Nov. 11, 2025.

LONG WEI | Feature China | Future Publishing | Getty Images

Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped expectations, fueled by strong international growth.

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Here’s what the company reported for the period ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: 96 cents adjusted vs. 95 cents expected
  • Revenue: $2.47 billion vs. $2.41 billion expected

Restaurant Brands reported fourth-quarter net income attributable to shareholders of $113 million, or 34 cents per share, down from $259 million, or 79 cents per share, a year earlier.

Excluding transaction costs, restructuring expenses and other items, the company reported adjusted earnings of 96 cents per share.

Net sales rose 7.4% to $2.47 billion. Stripping out currency fluctuations and sales from restaurants it plans to refranchise, Restaurant Brands’ organic revenue ticked up 6.5%.

The company’s same-store sales increased 3.1%, fueled by strong international growth.

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Outside of the U.S. and Canada, Restaurant Brands’ same-store sales climbed 6.1%. International Burger King restaurants, which represents the bulk of the segment, saw same-store sales growth of 5.8%.

Analysts were projecting international same-store sales growth of just 3.7%, based on StreetAccount estimates.

And Restaurant Brands plans to keep growing its business abroad. In November, the company announced its plan to form a joint venture for Burger King China to accelerate expansion. Under the terms of the deal, which closed in late January, CPE, a Chinese alternative asset manager, owns roughly 83% of Burger King China. Restaurant Brands has retained a minority stake of about 17%, along with a seat on the board of directors.

Canadian coffee chain Tim Hortons reported same-store sales growth of 2.9%, although Wall Street was projecting an increase of 3.8%, according to StreetAccount. Tim Hortons accounted for 46% of Restaurant Brands’ overall revenue during the quarter.

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Burger King reported overall same-store sales growth of 2.7%, topping StreetAccount estimates of 2.4%.

Popeyes was the laggard of Restaurant Brands’ portfolio. Its same-store sales fell 4.8%, a steeper decline than the 2.4% decrease forecast by Wall Street.

But the company has plans to revive the embattled fried chicken chain. In November, Restaurant Brands tapped Burger King veteran Peter Perdue to lead the chain’s U.S. and Canadian business; last month, the company also named Popeyes veteran Matt Rubin as the chain’s latest chief marketing officer.

Restaurant Brands plans to share more of its ideas to grow the business at its investor day in Miami on Feb. 26.

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First look inside Crown's new foodie precinct

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First look inside Crown's new foodie precinct

Business News takes a look inside Crown Perth’s new urban food precinct ahead of its grand opening this weekend.

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