Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
Airbus Beijing Engineering Center (ABEC) and the National Center for Nanoscience and Technology of China (NCNST) have established a lab focusing on nano composite materials, to research the application of such materials in the aeronautic sector.
Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a US$250 million loan to improve irrigation services and management accountability in Indonesia.
Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a USD$600 million loan to increase the reliability and security of Turkey’s gas supply.
Beijing has established a RMB30 billion (US$4.6 billion) Beijing Science & Technology Innovation Fund, a fund-of-funds with an objective to invest in no more than 100 funds worldwide to support core technology innovations, instead of business model innovations.
Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months this year, representing a 92% drop from the same period in 2017, and the lowest half-year figure in seven years, according to New York-based research firm Rhodium Group.
China has launched a RMB100 billion (US$15.57 billion) fund to support economic integration and development in the Yangtze River Delta Economic Zone, according to Xinhua News Agency, China’s official state-run press agency.
Chinese investment firm ZZ Capital International (8295.HK) said it would terminate a deal to acquire U.S. energy index provider Alerian MLP Index. Aretex Capital Partners, a private investment fund launched this year by two executives at ZZ Capital International, will be acquiring Alerian for an undisclosed price, ZZ Capital said in a statement today.
American manufacturer of microcontrollers, memory and analog semiconductors Microchip Technology Incorporated has gained antitrust clearance from China’s Ministry of Commerce and other regulators to acquire Microsemi Corporation, according to Microchip’s announcement.
GIC, Singapore’s sovereign wealth fund, will partner with Nova, a Shanghai-based investment manager co-founded by Warburg Pincus, to establish a RMB4.3 billion (US$675 million ) rental apartment platform in China.
In an apparent reversal of U.S. trade policy, President Donald Trump said in a tweet Sunday that he and Chinese President Xi Jinping are in discussions to give Chinese telecom company ZTE Corp "a way to get back into business, fast."
Chinese dogs and cats may have just become the first casualties in a US-China trade war as leading U.S. imported pet food companies have removed their products from China’s largest e-commerce platform Taobao.
Guo Guangchang, Chinese billionaire and chairman of Fosun Group, is looking to buy a RMB4 billion (US$631 million) stake in Chinese dating service Baihe Network Co., which trades on China’s New Third Board.
Chinese telecom equipment maker ZTE Corp said the U.S. ban on technology exports to the firm is unfair and will "endanger its survival."
The campaign by Chinese aviation-based conglomerate HNA Group to pay down debt by unloading assets appears to have slowed in the face of market turbulence.
China has announced tariffs of up to 25% on 128 U.S. imports worth US$3 billion, in retaliation to U.S. duties on steel and aluminium, further escalating the ongoing Sino-U.S. trade war.
Naked Hub, the Shanghai-based co-working space market leader with operations across Asia Pacific, has appointed veteran corporate office solutions manager Michael Higgins (pictured) as its Head of Enterprise Solutions. His mission is to attract more large-scale corporate tenants to the co-working space’s 46 locations across the region.
Chinese car-hailing start-up Didi Chuxing announced that it has gained approval from the Shanghai Stock Exchange (SEE) to issue RMB10 billion (US$1.58 billion) in asset-backed security (ABS) products to fund its supply chain. The move, the first of its kind in China, marks a new and possibly risky way for Didi, and other companies, to expand their business.
Chinese conglomerate HNA Group has agreed to sell all its 25% stake in Hilton Grand Vacations Inc., a timeshare spinoff from U.S. hotel chain Hilton Worldwide, according to Hilton Grand’s securities filing.
Citic Capital-controlled Harbin Pharmaceutical Group Holding, known as Hayao, has agreed to invest US$300 million in U.S.-based health and wellness retailer GNC Holdings, becoming the single largest shareholder in NYSE-traded GNC.
Chinese conglomerate Dalian Wanda has agreed to sell a 17% stake in Spanish football club Atlético de Madrid to investment firm Quantum Pacific Group, according to an Atlético de Madrid’s announcement.
China’s embattled HNA Group is again selling assets to pay down its debt burden. In a statement to the Hong Kong stock exchange Tuesday, HNA unit Hong Kong International Construction Investment Management Group Co Ltd said it will sell two Hong Kong properties to Henderson Land Development Co Ltd for HK$16 billion (US$2 billion).
China has formally requested the United States for consultations on compensation for tariffs imposed on imported solar panels and washing machines, according to the World Trade Organization filings Tuesday.
Chinese solar products manufacturer LONGi Green Energy Technology Co., Ltd. has announced plans to invest US$309 million to expand its solar cell and module production in India. The move came after Indian regulators are considering a proposal to place a 70% import duty on solar power manufacturers from China.
Chinese conglomerate Dalian Wanda Group has announced to sell a combined 12.77% stake in its listed film business Wanda Film for RMB7.8 billion (US$1.24 billion) to Alibaba and a state-owned investment group, according to its security filing.
Chinese conglomerate Dalian Wanda Group is moving to sell its last two overseas property projects in the U.S. as its continuous unwinding its outstanding debts, according to media reports.
China’s HNA Group Co., Ltd., has told creditors that it is facing a liquidity shortage of at least RMB15 billion (US$2.4 billion) as it approaches a deadline to repay debts in the first quarter, according to media reports citing insiders.
Tencent Holdings Ltd. has teamed up with investors including Suning Holdings Group, long-time partner JD.com Inc. and Chinese property developer Sunac China Holdings Group to acquire around 14% of Dalian Wanda Commercial Properties Co. for approximately RMB34 billion (US$5.4 billion), the Chinese social networking and gaming giant said today.
Wanda Hotel Development Company Ltd., the Hong Kong-listed affiliate of Chinese conglomerate Dalian Wanda said it has entered into an agreement to sell its property projects in Australia Tuesday as the company struggles to pay down its debts.
The great unwinding has begun. Driven by overstretched balance sheets and a government crackdown on lavish overseas spending, China’s two biggest corporate shoppers, Dalian Wanda Group and HNA Group, are set to go on a selling spree. And early indication are that we are about to see a fire sale. Speaking Monday as his company announced results, Wang Jianlin, CEO of Dalian Wanda said the company he heads "will resort to every financial tool to reduce debt, including the disposal of …
Chinese conglomerate Dalian Wanda Group has agreed to sell London luxury development project One Nine Elms for 59 million pounds (US$81 million) , amid a wave of asset sales by the conglomerate to reduce debt.