All posts by Catherine Matacic

China Inks Aviation, Auto Deals During Merkel Visit

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...

/ July 8, 2014

Stockholders Jump Ship After China Rejects P3 Shipping Alliance

China has blocked a proposal for an alliance between the world’s three largest shipping companies after the deal was approved by regulators in the United States and Europe. The so-called “P3 Network” would have combined the operations of shipping companies,...

/ June 24, 2014

BP, CNOOC Lead $24 Billion Deal-Signing Spree at UK-China Summit

By Andrew Gong BP signed a $20 billion agreement with China National Offshore Oil Corporation (CNOOC) this week as part of a series of trade deals struck during Chinese Premier Li Keqiang’s visit to the United Kingdom. The deal, which...

/ June 18, 2014

China Mobile Makes $881 Million Investment in Thailand’s True Corp

China Mobile Ltd. agreed on June 9 to purchase an 18 percent stake in the Thai telecommunications conglomerate True Corp. for $881 million. This deal comes less than three weeks after the Thai military seized power in a coup d’etat—an...

/ June 13, 2014

Sinopec, Weatherford Team Up to Tap China’s Shale Reserves

China’s Sinopec Group has agreed to form a joint venture oilfield services company with Weatherford International to tap into China’s potentially vast shale gas resources. The new entity will combine Weatherford’s technological capabilities with Sinopec’s expansion potential in China, where...

/ June 6, 2014

Alibaba to Purchase 10 Percent Stake in Singapore Post for $249 Million

Alibaba Group Holding Ltd. has agreed to pay $249 million for a 10.4 percent stake in Singapore Post Ltd., also known as SingPost, in a deal that could expand Alibaba’s logistics business to new markets overseas, according to a statement...

/ May 30, 2014

JD.com Exceeds Expectations on $1.78 Billion NASDAQ Listing

China’s second-largest e-retailer raised $1.78 billion during its May 21 initial public offering (IPO) on the NASDAQ exchange. JD.com, also known as Jingdong, exceeded investor expectations in an offering that is the latest in a long line of Chinese technology...

/ May 22, 2014

CNPC Inks $400 Billion Natural Gas Deal with Russia’s Gazprom

By Andrew Gong China and Russia signed a massive natural gas deal worth up to $400 billion on Wednesday, strengthening the economic relationship between the neighboring countries amid ongoing tensions with the United States. Representatives from China National Petroleum Corporation...

/ May 21, 2014

JD.com Plans for $1.7 Billion US IPO

JD.com, Inc.—also known as Jingdong or 360Buy—is planning to raise up to $1.7 billion in its US initial public offering (IPO) on the NASDAQ exchange, according to a May 9 filing with the Securities and Exchange Commission. The company is...

/ May 13, 2014

Alibaba Files for up to $20 Billion US IPO

By E.J. Thomas Alibaba Group Holding Ltd. filed its much-anticipated initial public offering (IPO) prospectus yesterday with the US Securities & Exchange Commission. The IPO—which will sell 12 percent of China’s largest e-commerce company—could raise as much as $20 billion,...

/ May 7, 2014