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Trump To Visit China in May, Senators Urge Pause on AI Chip Exports
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Trump To Visit China in May, Senators Urge Pause on AI Chip Exports

The White House on Wednesday announced that President Donald Trump will visit Beijing from May 14 to 15. The trip was originally scheduled for late this month. According to the announcement, President Xi Jinping will make a “reciprocal visit” to the United States later this year. China has not made its own announcement.

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Fast Fashion in China: Revved Retail

Fast Fashion in China: Revved Retail

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 […]

China Business Review (Archive Only) Christina Nelson
Wanxiang Acquires Fisker Assets with $149 Million Bid

Wanxiang Acquires Fisker Assets with $149 Million Bid

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 […]

China Business Review (Archive Only) Catherine Matacic
Dongfeng Invests $1.1 Billion for 14 Percent Stake in Peugeot

Dongfeng Invests $1.1 Billion for 14 Percent Stake in Peugeot

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 […]

China Business Review (Archive Only) Catherine Matacic
Danone Increases Stake in Mengniu from 4 to 9.9 Percent

Danone Increases Stake in Mengniu from 4 to 9.9 Percent

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 […]

China Business Review (Archive Only) Catherine Matacic
Improving Energy Efficiency on the Factory Floor

Improving Energy Efficiency on the Factory Floor

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 […]

China Business Review (Archive Only) Christina Nelson
Brightoil to Buy Anadarko’s China Bohai Bay Assets for $1.08 Billion

Brightoil to Buy Anadarko’s China Bohai Bay Assets for $1.08 Billion

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 […]

China Business Review (Archive Only) Catherine Matacic
Alibaba Offers $1.58 Billion for Control of Chinese Mapping Company

Alibaba Offers $1.58 Billion for Control of Chinese Mapping Company

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 […]

China Business Review (Archive Only) Catherine Matacic
Lenovo to Purchase Motorola Mobility from Google for $2.91 Billion

Lenovo to Purchase Motorola Mobility from Google for $2.91 Billion

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 Business Review (Archive Only) Catherine Matacic