Hangzhou-headquartered Chinese auto parts maker Wanxiang Group Corporation has teamed up with U.S. private equity firm Geolo Capital to invest US$1 billion in the U.S., according to a company announcement. The pair have already completed purchases worth US$400 million, including acquiring the luxury Ventana Inn & Spa in California from Walton Street Capital and Oaktree […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.