From the first issue in 1974 and well into the 2010s, the China Business Review was an indispensable resource for businesses, researchers, and policymakers who needed a first-hand account of the challenges and the tremendous opportunities posed by the China market.
General Motors Corp. is investing $12 billion over the next three years in its China operations to boost annual production capacity there to 5 million units. GM China President Matthew Tsien also announced at the Beijing auto show that the company hopes to increase China-based manufacturing capacity 65 percent by 2020. Tsien said that the […]
Weibo Corp., a Twitter-like microblogging service owned by Sina Corp., raised $286 million at its initial public offering (IPO) on April 17. The IPO came in well below the $500 million that Weibo hoped to raise, after the company’s anticipated valuation of $7- 8 billion was cut to $3.4 billion. As a result, Weibo set […]
Jumei International Holding Ltd., China’s largest online cosmetics retailer, plans to raise up to $400 million in a US initial public offering (IPO), according to their filing with the Securities and Exchange Commission. The filing did not say how many shares they will issue or what exchange the company will be listed on. Jumei’s filing […]
By Jake Parker New regulations limiting the proportion of dispatch—or temporary—workers in China went into effect more than a month ago, constraining hiring choices and requiring labor force restructuring for many companies. A follow-up to the 2013 Labor Contract Law Amendment, the Provisional Regulations on Labor Dispatch and its associated implementing regulations limit the proportion […]
China Petroleum & Chemical Corp, also known as Sinopec, has agreed to purchase a 50 percent stake in Caspian Investment Resources Ltd. from Russia’s OAO Lukoil for $1.2 billion. After acquiring half of the oil and gas producer in 2010, Sinopec now owns all of Caspian Investments’ assets, which include four oil and gas projects […]
A Chinese consortium led by China Minmetals Corporation has said it will pay $5.85 billion for a giant Peruvian copper mine owned by Glencore Xstrata PLC. The group will also pay all development costs for the Las Bambas mine from the beginning of 2014 until the deal closes in September—costs that have already amounted to […]
US home shopping networks are finding success among Chinese consumers seeking safe, high-quality products. By Joshua Halpern US companies looking to do business in China—especially those looking to sell cosmetics, consumer goods, food products, and nutritional supplements—may want to consider exploring China’s burgeoning home shopping television networks. In 2012, the combined total revenue for China’s […]
Hangzhou Yunxi Investment Partnership Enterprise will pay $1.05 billion for a 20 percent stake in Wasu Media Holding Co. Ltd. Yunxi, an investment vehicle established by Alibaba co-founders Simon Xie and Jack Ma and Giant Interactive Group Inc.’s founder Shi Yuzhu, was established on April 2 and received a loan from Alibaba Group Holding Ltd. […]
Chinese private equity firm FountainVest Partners is close to purchasing Key Safety Systems, a Detroit-based manufacturer of airbags, seat belts, and other car safety components for as much as $800 million, according to Bloomberg. The company that currently owns Key Safety Systems—Crestview Partners LP—first expressed interest in selling the car safety component maker in October […]
Alibaba Group Holding Ltd., China’s largest e-commerce company, has agreed to purchase a 26 percent stake in department-store operator Intime Retail Group Co. for $692 million. As part of its first brick-and-mortar investment, Alibaba will buy $214 million in shares from Hong Kong-listed Intime and purchase an additional $478 million of convertible bonds. Alibaba’s investment […]
