X

Business

China’s Alibaba, Ethiopia Sign MoU On eWTP To Boost African’s Digital Economy

Chinese e-commerce giant Alibaba Group signed a memorandum of understanding (MoU) with the Ethiopian government on Monday to join the…

A Joint Fund By Allianz Real Estate And Keppel Capital-Linked Fund To Buy Beijing Office

Allianz Real Estate has formed a joint venture with Alpha Asia Macro Trends Fund III to acquire an 85% interest…

Chinese Smartphone Maker Vivo To Invest $559M For Second Plant In India

Vivo Communication Technology Co., Xiaomi's rival in the cell phone sector, plans to invest 40 billion rupees (US$559 million) to…

US Chipmaker Qualcomm Files To Further Ban Apple In China

U.S. Chipmaker Qualcomm Incorporated is asking the Fuzhou Intermediate People’s Court in China to ban sales of Apple's latest iPhone…

Alibaba-Backed E-Commerce Platform Lazada Names New CEO As Part Of Succession Plan

Lazada Group, an e-commerce firm backed by Alibaba Group Holding, has appointed Pierre Poignant as its new chief executive officer…

Experts Share Insights On Managing Risks And Seizing Opportunities Through Belt And Road Initiative

The Trillion Dollar Opportunity: Chinese investment in ASEAN – Managing risks and seizing opportunities along the Belt and Road, organized…

CPPIB And Goodman Increase China Equity Commitment To $5B

Goodman Group and Canada Pension Plan Investment Board (CPPIB) announced today that they have committed an additional US$1.75 billion of…

Chinese News App Toutiao Considering Hong Kong IPO

Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app's parent Beijing Bytedance…

Airbus To Develop Nanocomposite Materials For Aircraft Application In China

Airbus Beijing Engineering Center (ABEC) and the National Center for Nanoscience and Technology of China (NCNST) have established a lab…

AIIB Approves $250M Loan To Modernize Irrigation in Indonesia

Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a US$250 million loan to improve irrigation…

AIIB Approves $600M Loan For Turkey’s Gas Supply Project

Asian Infrastructure Investment Bank (AIIB) announced that its board of directors has approved a USD$600 million loan to increase the…

Beijing Government Sets Up $4.6B Fund To Back Core Tech Innovations

Beijing has established a RMB30 billion (US$4.6 billion) Beijing Science & Technology Innovation Fund, a fund-of-funds with an objective to…

Chinese Foreign Direct Investment In US Drops 92% In First Half

Chinese companies only completed US$1.8 billion of acquisitions and greenfield investments in the United States in the first five months…

China Launches $15.6B Fund To Support Yangtze River Delta Economic Zone

China has launched a RMB100 billion (US$15.57 billion) fund to support economic integration and development in the Yangtze River Delta…

China’s ZZ Capital International Terminates $812M Deal To Acquire US Energy Index Firm Alerian

Chinese investment firm ZZ Capital International (8295.HK) said it would terminate a deal to acquire U.S. energy index provider Alerian…

Microchip Receives Chinese Antitrust Clearance To Acquire Microsemi

American manufacturer of microcontrollers, memory and analog semiconductors Microchip Technology Incorporated has gained antitrust clearance from China's Ministry of Commerce…

GIC, Warburg Pincus’ Nova Set Up $675M Rental Apartment Platform In China

GIC, Singapore’s sovereign wealth fund, will partner with Nova, a Shanghai-based investment manager co-founded by Warburg Pincus, to establish a…

Trump Talking With China’s Xi To Help ZTE Overcome Export Ban

In an apparent reversal of U.S. trade policy, President Donald Trump said in a tweet Sunday that he and Chinese …

Pets Suffer In China-US Trade War As US Brands Cut From Taobao

Chinese dogs and cats may have just become the first casualties in a US-China trade war as leading U.S. imported…

Fosun’s Guo Guangchang Weds Chinese Dating Service Baihe For $631M

Guo Guangchang, Chinese billionaire and chairman of Fosun Group, is looking to buy a RMB4 billion (US$631 million) stake in…

ZTE Claims US Ban On Technology Exports "Endangers Its Survival"

Chinese telecom equipment maker ZTE Corp said the U.S. ban on technology exports to the firm is unfair and will…

China’s HNA Group Scraps Two IPOs In Two Weeks Citing Market Uncertainty

The campaign by Chinese aviation-based conglomerate HNA Group to pay down debt by unloading assets appears to have slowed  in…

China Slaps Tariffs On 128 US Imports In Reply To Trump’s Steel and Aluminium Duties

China has announced tariffs of up to 25% on 128 U.S. imports worth US$3 billion, in retaliation to U.S. duties…

Asian Co-Working Leader Naked Hub Eyes Large Corporate Office Sector With Flexible Offerings

Naked Hub, the Shanghai-based co-working space market leader with operations across Asia Pacific, has appointed veteran corporate office solutions manager…

China’s Didi Takes Risky Road By Issuing First Asset Backed Securities

Chinese car-hailing start-up Didi Chuxing announced that it has gained approval from the Shanghai Stock Exchange (SEE) to issue RMB10…

HNA To Sell 25% Stake In Hilton Grand After Selling Park Hotels & Resort

Chinese conglomerate HNA Group has agreed to sell all its 25% stake in Hilton Grand Vacations Inc.,  a timeshare spinoff…

Citic-controlled Harbin Pharmaceutical To Invest $300M In US Wellness Company GNC, Becoming Biggest Shareholder

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…

Dalian Wanda Sells 17% Of Spanish Football Club Atlético de Madrid To Reduce Debts

Chinese conglomerate Dalian Wanda has agreed to sell a 17% stake in Spanish football club Atlético de Madrid to investment…

China’s HNA Group Selling $2B Hong Kong Properties To Cut Debt Burden

China's embattled  HNA Group is again selling assets to pay down its debt burden. In a statement to the Hong Kong stock…

China Requests Compensations For US Solar And Washing Machine Tariffs

China has formally requested the United States for consultations on compensation for tariffs imposed on imported solar panels and washing…

Chinese Solar Manufacturer LONGi Green To Invest $309M In India To Avoid Tariffs

Chinese solar products manufacturer LONGi Green Energy Technology Co., Ltd. has announced plans to invest US$309 million to expand its solar cell…