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.
Russia’s largest gold producer Polyus announced that the agreement to sell 10% of its ordinary shares to a consortium led by Fosun International Limited has been terminated.
Investment management firm China International Capital Corp. has led a new funding round worth RMB618 million (US$95 million) in Hupu Sports (Shanghai) Media Ltd., an online sports information, retail and entertainment community.
Capital outflow from China is estimated to have fallen sharply in 2017, demonstrating the effectiveness of the Chinese government’s campaign to strengthened capital controls and rein in overseas investment.
The Chinese government is considering allowing companies involved in the One Belt, One Road Initiative to issue RMB-dominated initial public offerings on the Hong Kong Stock Exchange, to strengthen Hong Kong market’s role as a key offshore RMB hub.
Fosun International Ltd. announced plans to acquire 18% of Tsingtao Brewery Co., Ltd. for US$844 million, as the Chinese conglomerate appears inclined to ink more deals in the consumer sector while unwinding some of its property investments.
Shanghai-headquartered conglomerate Fosun Group, one of the most acquisitive Chinese corporates during the past few years, has sold off a property project in Sydney amid increasing government scrutiny.
Chinese aviation and shipping conglomerate HNA Group, which is facing questions over rising debt levels, and lawsuits over foreign investments, today tried to reassure creditors via social media.
Italian biomedical equipment maker Esaote S.p.A. announced that a consortium of Chinese investors, including Yunfeng Capital co-founded by Alibaba’s Jack Ma, have entered into definitive agreements to acquire the entire share capital of the company.
Chinese insurer Ping An Insurance Company of China Ltd. has emerged as the second-biggest shareholder in HSBC Holdings, as Ping An’s asset management arm acquired an additional 10 million HSBC shares on Tuesday, taking its total shareholding in HSBC to 5.01% from 4.96%, Ping An disclosed in a filing today.
In a sign of increasing scrutiny on Chinese acquisitions in the U.S., a Chinese buyer said it is refiling its applications to a U.S. foreign deal oversight body in order to add mitigation measures to secure U.S. government approval.
Chinese outbound real estate investment fell 51% to US$2.5 billion in the third quarter, the lowest total in 14 quarters since the fourth quarter in 2013, amid new outbound investment restrictions and investor caution prior to the 19th Party Congress meetings in Beijing, according to a report released by Cushman & Wakefield.
New York-listed Chinese educational company New Oriental Education & Technology Group Inc. will establish funds worth a combined US$1.8 billion to invest in education industry start-ups and pursue mergers and acquisitions globally, according to local reports.
Canyon Bridge Capital Partners LLC, a private-equity firm backed by Chinese state-owned China Reform Fund Management, has agreed to acquire U.K. chip maker Imagination Technologies in a deal that values the British firm at £550 million (US$745 million).
The rise of a drinking culture at Chinese social gatherings, along with increased disposable income among younger consumers, are set to drive the value of China’s spirits market to over US$450 billion and take around 46.9% of global market share by 2021, according to analytics firm GlobalData.
Tencent Holdings Ltd. has agreed to invest HK$2.86 billion (US$367 million) in China International Capital Corp Ltd (CICC) for a 4.95% stake in the company. At the same time, the two parties said they have agreed to establish a strategic partnership in a range of services and products leveraging Tencent’s financial technology and CICC’s wealth management capabilities, according to a joint announcement.
JD.com Inc. and its financial technology unit JD Finance have agreed to team up with Thailand’s largest retail conglomerate Central Group to invest an aggregate of up to US$500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, in the Chinese e-commerce giant’s major foray into the Thai market.
China Money Network successfully held an event in Shanghai on September 4 at the naked hub Shanghai Xintiandi with three prominent speakers to discuss the impact of the emerging artificial intelligence workforce.
Chines outbound mergers and acquisitions (M&A) deal value declined to US$80.7 billion year-to-date, down 43% from US$141.6 billion during the same period last year, as the Chinese government’s efforts to curb capital outflow continue to pressure China’s outbound deal-making.
An investor consortium backed by Alibaba Group’s founder Jack Ma has agreed to acquire the Hong Kong and Macau operations of U.S. insurer Massachusetts Mutual Life Insurance Co., also known as MassMutual, for HK$13 billion (US$1.7 billion).