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NEWS FEEDIndustryGiant Group reports 29% increase in operating profit for Q3
Giant Group reported a third-quarter revenue increase of 6.2% year on year and a 29% rise in operating profit for the same quarter, though revenue for the first nine months of 2026 is down 5.1% at NT$45.5 billion (US$1.39 billion).
IndustryLemmo 3 e-cargo bike crowdfunding passes $1 million in one day
Berlin e-bike brand Lemmo's full-suspension longtail cargo e-bike Lemmo 3 raised over $1 million on Kickstarter in just over one day, more than 5300% of its original goal. The chain-drive version has a crowdfunding price of 2090 euros, the campaign ends December 1, and deliveries are expected to begin in May 2027.
IndustryGhost acquired by Singapore's Tri Star via Bike Tree GmbH, brand to continue
Ghost, which had announced it was shutting down, has been acquired by Bike Tree GmbH and will continue operating alongside Winora and Haibike. Bike Tree GmbH is a newly established subsidiary of Singapore's Tri Star Group (Dutech Holdings Limited), which in October acquired Winora and Haibike from Accell Germany's insolvency assets.
IndustryAmani is shutting down its men's road team to focus on its women's squad, with a big sponsor boost
Team Amani is shutting down its men's Continental squad and increasing investment in its women's road team, which will race as Amani Factor Racing with Factor Bikes as a sponsor. Factor will become a title sponsor of the Amani women's squad in 2027, with CHPT3 providing kit after Rapha's departure.
IndustryDon't race what you can't afford to replace: US criterium racing looks to China for bikes
Budget-conscious American criterium teams are turning to lower-priced Asian brands such as Quick Pro and Winspace, which are finding a foothold on the US crit circuit and investing in sponsorship accordingly.