All posts by Catherine Matacic

Alibaba Affiliate to Pay $1.05 Billion for 20 Percent Stake in Wasu Media

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...

/ April 11, 2014

FountainVest in talks to Purchase Key Safety Systems for as much as $800 Million

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...

/ April 9, 2014

Alibaba to Invest $692 Million in Department-Store Operator Intime

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...

/ April 7, 2014

WH Group Receives Listing Approval for up to $6 Billion Hong Kong IPO

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...

/ April 3, 2014

COFCO, Hopu Purchase 51 Percent Stake in Noble Agribusiness Unit for $1.5 Billion

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.,...

/ April 3, 2014

Bank of England and People’s Bank of China to Sign Yuan Clearing Deal

By E.J. Thomas Britain and China have agreed to sign a memorandum next week that may turn London into the home of the first yuan clearing center outside of Asia.  This new clearing center will allow London to settle yuan-denominated...

/ March 28, 2014

China’s CITIC Prepares for ‘Backdoor’ Listing in Hong Kong

CITIC Group Corp., one of China’s largest state-owned investment companies, is selling its main operating unit to daughter company, CITIC Pacific Ltd., in a plan to get a backdoor listing on the Hong Kong stock exchange. According to a framework...

/ March 28, 2014

Tencent Acquires 28 Percent Stake in South Korea’s CJ Games for $500 Million

Tencent Holdings Ltd., Asia’s largest Internet company, has agreed to pay $500 million for a 28 percent stake in South Korean mobile gaming firm CJ Games. As part of the deal, Tencent said that CJ Games will acquire online and...

/ March 28, 2014

Airbus Lands Multibillion Jet, Helicopter Deals with China

Airbus will soon control more than 50 percent of China’s helicopter market, payoff for one of several multibillion dollar deals inked today with China’s leading aircraft manufacturer and the country’s central purchasing agency. The biggest deal is a 10-year agreement...

/ March 26, 2014

Temasek to Purchase 25 Percent Stake in Watson for $5.7 Billion

After initially planning a dual London-Hong Kong listing for 2014, Li Ka-shing’s Hutchinson Whampoa Ltd. has agreed to instead sell 25 percent of beauty retailer A.S. Watson Co. to Singapore’s state-owned Temasek Holdings Pte. Ltd. At $5.7 billion, the deal...

/ March 26, 2014