China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

Chinese real estate developer Greenland Holding Group Company Limited plans to acquire approximately 30% of Chinese luxury automobile dealership firm, China Rundong Auto Group Limited, for a total of HK$1.55 billion (US$200 million), according to a company announcement. After the completion of the deal, Greenland Financial Overseas Investment Group Co., Ltd., a wholly-owned subsidiary of […]

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Real challenges and unreal valuations in Chinese retail

Huaxing Capital, the principal investment arm of Beijing-based boutique investment bank China Renaissance, is targeting to raise US$150 million for its second investment fund, according to a securities filing. The latest vehicle, named Huaxing Associates GP II, follows Huaxing's debut fund that was launched in May 2013 with a fundraising target of US$100 million. Both […]

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Residents battle police after decision not to build a railway line through their county

Beijing-based Chinese Android tablet maker Jide Technology Co., Ltd. has completed a RMB100 million (US$16 million) series A funding round led by Trustbridge Partners, according to Chinese media reports. Taiwanese electronics manufacturer Foxconn Technology Group and Chinese e-commerce firm JD.com Inc. also participated. Founded in 2014, Jide develops a tablet product named Remix, which aims […]

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A fifth of those ‘toppled from their horses’ come from the energy sector

KKR & Co. has closed a US$400 million deal to acquire an 18% stake in Shenzhen-listed chicken meat producer, Fujian Sunner Development Co., Ltd., according to a company announcement. KKR acquired Sunner shares at RMB12.3 (US$2) per share, in a transaction first announced in August 2014. The new strategic partnership between the two parties aims […]

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President Aquino reins in rhetoric after steady increase in hostility as fears of conflict grow

American retailer Wal-Mart has signed a deal with online payments provider Alipay to help consumers pay for goods in China. Wal-Mart will begin the cooperation within 25 of its outlets in Shenzhen. Based on the market response in this southern Chinese city, Wal-Mart plans to gradually expand the coverage of this new service throughout mainland […]

Premier expected to witness signing of at least $50bn in Chinese investments in Brazil’s infrastructure

China has not succeeded, yet, in maximising return from state-owned assets

Beijing-based e-commerce for JD.com, Inc. has agreed to invest HK$1.3 billion (US$170 million) for an approximately 10% stake in Hong Kong-listed software and cloud services firm, Kingdee International Software Group Company Limited, according to a company announcement. JD.com is to purchase Kingdee shares at HK$4.60 per share in cash, representing the average closing price of […]

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Chinese B2C e-commerce group JD.com announced that the company has reached a deal with cosmetics retailer Sephora to open the largest cosmetics flagship store on JD.com. Sephora's flagship store on JD.com will provide about 1,200 cosmetics products of over 70 brands. Meanwhile, it will offer exclusive products, product sets, and debut products. Sephora's flagship store […]

Japanese investment banking and securities firm Mizuho Securities Co., Ltd. has agreed to invest US$20 million toward a China-focused private equity fund jointly established by itself and a subsidiary of China Merchants Group Limited, according to a company announcement. The fund, named CMH Growth Fund, L.P., is seeking to raise US$200 million to US$250 million […]

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Tencent reportedly invested USD60 million in the acquisition of a 20% stake in Pocket Gems, a start-up mobile game company in America. Tencent will gain one position on the board of directors at Pocket Gems, according to reports in foreign media. Founded in 2009, Pocket Gems is headquartered in San Francisco and the company is […]