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.
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 […]
WH Group Ltd., which purchased US pork producer Smithfield Foods Inc. for $4.7 billion in 2013 under the name Shuanghui International, has received approval for a Hong Kong initial public offering (IPO). Hoping to raise between $5 billion and $6 billion, WH Group has already started the premarketing process by meeting with investors. The company’s […]
By E.J. Thomas China National Cereals, Oil, and Foodstuffs Corp. (COFCO), China’s largest grains trader, has agreed to pay $1.5 billion for a majority stake in Noble Group Limited’s agribusiness unit. As part of the deal, Hopu Investment Management Co., a Chinese private equity firm, will partner with COFCO to provide one third of the […]
Organizer: CDNetworks Location: Online – Webinar Date and Time: April 3, 2014 at 11:00 a.m. EST Duration: 60 minutes Presenters: Jeff Kim, president and COO, CDNetworks Kellend Willis, associate analyst, Forrester Topic: With the world’s largest and fastest growing online population, China continues to attract global online businesses of all industries. The Chinese market offers vast revenue opportunities and […]
By Catherine Matacic When Howard Wu’s son was born in 2009, he celebrated by doing what many proud Chinese fathers do: he broke into his cache of powdered milk formula. For months before his son’s birth, he had hoarded tins of powder from abroad, adding to his stockpile every time he flew to the United […]
