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.
Poly Culture Group Corporation, the world’s third largest auction house, raised $331 million in a Hong Kong initial public offering (IPO) on February 28, according to the New York Times. The IPO was the first listing by a Chinese auction house and the first to be underwritten solely by the merged Citic Securities International and […]
Conducting due diligence in China has never been an easy task. But expansion of privacy laws and high-profile investigations of due diligence firms has made assessing business risks in China even more difficult. By Pooja Nair Acquiring information before entering into major business transactions is a standard part of American business culture. The term “due […]
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 […]
