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Business

Dalian Wanda Sells $1.24B Stake Of Film Business To Alibaba And State-owned Investment Group

Chinese conglomerate Dalian Wanda Group has announced to sell a combined 12.77% stake in its listed film business Wanda Film…

Dalian Wanda Said Selling Last Overseas Properties In Effort To Reduce Debt

Chinese conglomerate Dalian Wanda Group is moving to sell its last two overseas property projects in the U.S. as its…

China’s HNA Rumored To Have $2.4B Liquidity Shortage As Debts Come Due

China’s HNA Group Co., Ltd., has told creditors that it is facing a liquidity shortage of at least RMB15 billion…

Tencent, Suning, JD.Com And Sunac To Invest $5.4B In Dalian Wanda Commercial In Retail Offensive

Tencent Holdings Ltd. has teamed up with investors including Suning Holdings Group, long-time partner JD.com Inc. and Chinese property developer…

China’s Dalian Wanda Selling Australian Properties To Reduce Debt Load

Wanda Hotel Development Company Ltd., the Hong Kong-listed affiliate of Chinese conglomerate Dalian Wanda said it has entered into an…

China’s Dalian Wanda, HNA May Stage Fire Sale To Balance Books

The great unwinding has begun. Driven by overstretched balance sheets and a government crackdown on lavish overseas spending, China’s two…

China’s Dalian Wanda Sells London Property Project For $81 Million

Chinese conglomerate Dalian Wanda Group has agreed to sell London luxury development project One Nine Elms for 59 million pounds (US$81…

Fosun’s $887M Deal To Invest In Russian Gold Miner Polyus Terminated

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…

CICC Leads $95M Round In Chinese Online Sports Community Hupu

Investment management firm China International Capital Corp. has led a new funding round worth RMB618 million (US$95 million) in Hupu…

China’s Capital Outflow Plunges 67% In 2017 As Beijing Squeezes Outbound Deals

Capital outflow from China is estimated to have fallen sharply in 2017, demonstrating the effectiveness of the Chinese government's campaign…

China Considers RMB IPOs In Hong Kong For One Belt One Road Companies

The Chinese government is considering allowing companies involved in the One Belt, One Road Initiative to issue RMB-dominated initial public…

Fosun Acquires 18% Stake In Tsingtao Brewery For $844M To Boost Bet On Consumer Sector

Fosun International Ltd. announced plans to acquire 18% of Tsingtao Brewery Co., Ltd. for US$844 million, as the Chinese conglomerate…

Fosun Sells Sydney Property As Overloaded Chinese Corporates Divest Assets Amid Government Scrutiny

Shanghai-headquartered conglomerate Fosun Group, one of the most acquisitive Chinese corporates during the past few years, has sold off a…

Facing Lawsuits And Debt, China’s HNA Group Reassures Creditors Via WeChat Post

Chinese aviation and shipping conglomerate HNA Group, which is facing questions over rising debt levels, and lawsuits over foreign investments,…

Jack Ma-Backed Yunfeng Capital Joins Acquisition Of Italian Biomedical Equipment Firm Esaote

Italian biomedical equipment maker Esaote S.p.A. announced that a consortium of Chinese investors, including Yunfeng Capital co-founded by Alibaba's Jack…

China’s Ping An Becomes Second Biggest Shareholder In HSBC With 5.01% Stake

Chinese insurer Ping An Insurance Company of China Ltd. has emerged as the second-biggest shareholder in HSBC Holdings, as Ping…

China’s Oceanwide and Genworth Extend $2.7B Merger Deal Deadline To Next April

In a sign of increasing scrutiny on Chinese acquisitions in the U.S., a Chinese buyer said it is refiling its…

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…

China’s New Oriental Education Said To Launch $1.8B Funds Targeting Start-Ups, M&A

New York-listed Chinese educational company New Oriental Education & Technology Group Inc. will establish funds worth a combined US$1.8 billion…

Chinese State-Backed Fund Agrees To Acquire UK Chip Maker Imagination Technologies For $745M

Canyon Bridge Capital Partners LLC, a private-equity firm backed by Chinese state-owned China Reform Fund Management, has agreed to acquire…

China’s Rising Drinking Culture Will Drive Its Spirits Market To $450 Billion By 2021

The rise of a drinking culture at Chinese social gatherings, along with increased disposable income among younger consumers, are set…

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…

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…

China Money Network AI Evolution Event Series Tackles Impact Of Artificial Intelligence Workforce

China Money Network successfully held an event in Shanghai on September 4 at the naked hub Shanghai Xintiandi with three…

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…

Jack Ma-Backed Group Yunfeng Financial Acquires 60% Stake In MassMutual’s Hong Kong, Macau Operations For $1.1B

An investor consortium backed by Alibaba Group's founder Jack Ma has completed the acquisition of Hong Kong and Macau operations…

About Face: China’s Plastic Surgery Market Grows Six Times Faster Than Global Average

If you pay any attention to China's venture capital and technology world, the phrase "consumer upgrade" has likely jumped out…

GIC Leads $220M Round In Chinese P2P Lending Platform Dianrong

GIC Private Ltd., Singapore's sovereign wealth fund, has led a US$220 million series D round in Dianrong, a Shanghai-based peer-to-peer…

SK Holdings To Acquire 11.7% Stake In E-Shang Redwood For $333M

SK Holdings, the holding company of South Korea’s second-largest conglomerate SK Group, has agreed to acquire a 11.77% stake in…

TVB Invests $100M In Joint Venture With Imagine Entertainment

TVB Venture, a wholly owned subsidiary of Hong Kong-based Television Broadcasts Ltd. (TVB) said today that it has entered into…

Chinese Person-To-Business Funding Firm Iqianbang.com Raises US$80M Round

Zhang Peifeng, chairman of ShenZhen Grand Electronics Co., Ltd., a New Third Board-listed consumer electronics maker, has led a RMB500…