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Chinese Outbound Real Estate Investment Fell 51% To Four-Year Low

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.

Tencent To Acquire 5% Of Chinese Investment Bank CICC In Bet On Financial Services

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, Central Group To Invest $500M For E-Commerce And Fintech JVs In Thailand

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 Sees Outbound M&A Deal Value Drop 43% To $142 Billion

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.

Baidu Partners With Shanxi Province To Integrate AI With City Management

Baidu Inc., China’s largest search engine, has signed an agreement with the government of Shanxi province to integrate artificial intelligence into city management. The project, designed to create “smart cities” and help the Northern province upgrade its industrial base, is another step in Baidu’s campaign to position itself as an artificial intelligence company.

China’s Wanda, Fosun See Shares Plunge After Reported Regulator Scrutiny

Nervous investors dumped shares and bonds of Dalian Wanda Group Co. today, as reports of elevated regulatory scrutiny regarding the company’s overseas borrowings caused widespread panic. Shares of Fosun International, named as one of a number of companies whose overseas debt is being investigated by regulators, also tumbled, along with its pharmaceutical unit.