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.
Hong Kong-listed Brightoil Petroleum Holdings Ltd. reached an agreement on February 18 with Texas-based Anadarko Petroleum Corp. to purchase 40 percent and 29 percent interests in two offshore blocks located in the Bohai Bay for $1.08 billion. The two blocks produced an average of 32,000 barrels of oil per day in 2013, according to a […]
Alibaba Group Holding Ltd., China’s largest e-commerce company, has offered $1.58 billion for full control of digital mapping firm AutoNavi Holdings Ltd. AutoNavi holds a 31 percent share of China’s mobile map app market along with a rare mapping license from the Chinese government. Alibaba purchased a 28 percent stake in the company for $294 […]
By E.J. Thomas Google Inc. announced on January 29 that it has reached an agreement to sell Motorola’s smartphone hardware business, Motorola Mobility, to Lenovo Group Ltd. for $2.91 billion. The deal includes $660 million in cash, a three-year promissory note worth $1.41 billion, and $750 million in Lenovo ordinary stock, which will give Google […]
China’s JD.com, Inc.—also known as Jingdong or 360Buy—is planning for an initial public offering (IPO) in the second half of 2014 that could raise up to $2 billion, according to Bloomberg News. Jingdong, one of China’s largest e-retailers, is mulling a Hong Kong listing but leaning toward the United States. If successful, this would be […]
Residents of Chinese cities choked with air pollution look to air purifiers to breathe easier. By Joseph Luk As China’s cities experience record numbers of hazardous smog days, sales of residential air purifiers have been booming. Overall sales of air purifier products on average increased 11 percent annually between 2010 and 2012, according to China’s […]
By Carola McGiffert and Stephen A. Schwarzman When Vice President Joe Biden visited Beijing in December, he was on a crisis-management mission to diffuse recurring tensions in the East China Sea, spurred most recently by China’s new Air Defense Identification Zone. This development has the entire region on edge, worried about the real potential of […]
Brookings Fellow David Dollar says that China’s 2014 GDP target is “very achievable,” but risks at home and in the global economy could put the brakes on growth. By Christina Nelson In January, the International Monetary Fund projected that China’s GDP would grow 7.5 percent in 2014. But how China hits that target has important […]
Opportunities for Thermo Fisher Scientific have expanded as China has boosted efforts to curb air pollution. By Christina Nelson Severe air pollution in China’s major cities has closed schools, delayed flights, and inspired a variety of creative homemade air filtration solutions. As the problem has intensified over the past year, central and local government offices have […]
By E.J. Thomas After months of speculation and disagreements over the final purchase price, IBM has agreed to sell its low-end server business for $2.3 billion to Chinese PC manufacturer Lenovo. If the acquisition is approved, it will be China’s largest technology deal ever. News of Lenovo’s interest in IBM’s server business first broke in […]
President Xi’s campaign against corruption and extravagant spending may be improving the public’s perception of the government, but it’s also affecting the global luxury goods market. By Tim Donovan Describing corruption as a “disease that calls for powerful drugs,” Chinese President Xi Jinping promised an even stronger crackdown on graft when he addressed the Chinese […]
