The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
By Elise Pietro Chinese President Xi Jinping signed dozens of deals in Argentina and Venezuela during his tour through Latin America. The trip, his second to the region since he took office last year, highlights trade between China and Latin America, which reached$262 billion last year. Xi met with Argentine President Cristina Fernandez de Kirchner […]
By Andrew Gong The new Hong Kong-based investor group Integrated Whale Media Investments has purchased an 80 percent ownership stake in Forbes Media LLC for approximately $300 million, according to Deutsche Welle. The Forbes family will retain a significant ownership interest, while minority owners Elevation Partners will exit their investment. Integrated Whale Media Investments (IWM) […]
By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e Bao (meaning “leftover treasure” in Chinese) in February this year, following the product’s launch in […]
By Elise Pietro On the sidelines of this year’s annual Strategic and Economic Dialogue, the United States-China Climate Change Working Group announced eight clean energy projects that pair businesses, municipalities, and research institutions from both countries. Of the eight joint projects announced in Beijing, four focus on carbon capture, utilization, and storage, while four support […]
Chinese private equity group Hony Capital Ltd agreed to buy UK restaurant group PizzaExpress for $1.54 billion late last week, fending off rival Chinese bidder Citic Group. The British restaurant chain has more than 500 stores, most of which are in the United Kingdom. But recently the company has focused on overseas expansion: its first […]
WH Group Ltd, the parent company of US pork producer Smithfield Foods, is refiling for a Hong Kong initial public offering (IPO). In April the company was approved for an initial listing of $6 billion, but the deal was later dropped. The Financial Times reports that an overly-ambitious valuation and difficulty coordinating with the record […]
By Andrew Gong International Business Machines (IBM) Corp. announced Monday that it has signed a contract with the Beijing Municipal government to help curb the capital’s air pollution. The agreement is part of IBM’s “Green Horizon” initiative, a 10-year program designed to more efficiently manage China’s electricity, solar, and wind resources and protect the health […]
By Andrew Gong China and Germany inked a series of trade and investment deals Monday during a meeting overseen by German Chancellor Angela Merkel and Chinese Premier Li Keqiang. Merkel had come to China for three days with a large business delegation to promote trade between the two countries. German carmaker Volkswagen will team with […]
By Elise Pietro and Andrew Gong Updated 9:50 am, 7/08/2014 Saying that China should focus on “actually opening markets,” US Treasury Secretary Jacob Lew discussed China’s economic reforms, a US-China bilateral investment treaty (BIT), cybersecurity, and other issues central to US- China commercial relations at a US-China Business Council (USCBC)-hosted forum on July 1 in […]
