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.
By Tim Donovan Speaking at an early February meeting of the State Council, Premier Li Keqiang linked China’s ongoing fight against corruption to economic reform, saying that the Chinese government has “too much” influence on the country’s economy, making it “easy for corruption to breed.” The remarks, not published by state media until February […]
China Petroleum and Chemical Corp., also known as Sinopec, announced on February 19 that its board had approved a resolution to restructure the company’s oil retail unit by selling up to 30 percent of it to private investors. According to Barclays analyst Somshankar Sinha, the sale could raise more than $20 billion for the state-owned […]
Chindex International Inc., a Bethesda, Md.-based healthcare company that operates hospitals in Beijing, Shanghai, Tianjin, and Guangzhou, announced on February 17 that it had been acquired by Shanghai Fosun Pharmaceutical Co. and private-equity firm TPG Capital for $369 million. The deal is still subject to approval from Chindex and Fosun shareholders as well as Chinese […]
Sina Corp. has hired Credit Suisse AG and Goldman Sachs Group Inc. for a second quarter US initial public offering (IPO) for Weibo, Sina’s Twitter-like microblogging service. According to the Wall Street Journal, the company hopes to raise $500 million on the offering, based on a valuation of $7 – $8 billion. However, analysts at […]
LinkedIn Corp announced at the end of February that it was launching a Chinese language website in an effort to reach the estimated 140 million professionals in China. At the same time, the company announced that it had formed a joint venture with Sequoia China and China Broadband Capital (CBC). The joint venture gives LinkedIn […]
After years of extraordinary growth, has fast fashion peaked in China? By Xin En Lee and Suzanne Edwards In November, property consultancy CBRE reported that landlords in second-tier city retail properties were courting China’s main fast fashion brands to drive foot traffic, going so far as to waive a flat rent rate in exchange for […]
By E.J. Thomas After two days and 19 rounds of bidding, China’s Wanxiang Group outbid Richard Li’s Hybrid Tech Holdings LLC by putting $149.2 million on the table for the assets of Fisker Automotive Holdings Inc. in a Delaware bankruptcy court. The deal was approved on February 18, but is still subject to clearance under […]
The PSA Peugeot Citroen board announced on February 18 that it approved a deal that will give China Dongfeng Motor Co. a 14 percent share and two seats on its board in exchange for $1.1 billion. Peugeot also announced that it has entered into the same agreement with the French government. As a result, the […]
Danone, the world’s biggest yogurt maker, announced on February 12 that it has agreed to pay $663 million to increase its stake in China Mengniu Dairy Co., China’s largest milk producer, from 4 to 9.9 percent. Mengniu also announced in the same statement that state-owned food processer COFCO Group, Danone, and Arla Foods—whose combined shares […]
On a quest to help Chinese factories cut costs and reduce energy use, an entrepreneur works the assembly line. By Christina Nelson Taryn Sullivan has worked every job in a Chinese factory. After years of traveling to China to source and develop products for American companies, the founder and CEO of Efficiency Exchange wanted a […]
