All posts by Shuang Shan

CGN Buys Second-Biggest Malaysian Power Producer for $2.3 Billion

Shuang Shan China General Nuclear Power Corporation (CGN) acquired 100 percent of Edra Global Energy Bhd, the second-largest power producer in Malaysia and the power subsidiary of 1Malaysia Development Bhd (1MDB), for $2.3 billion and the assumption of all of...

/ November 24, 2015

Possible Multi-Billion Dollar Offer Would Mark Largest Chinese Acquisition Ever

Shuang Shan Update: ChemChina’s $43 billion cash bid to acquire Syngenta was green lighted by Syngenta’s board of directors Wednesday, making it the largest acquisition of a foreign company by Chinese business. As part of the deal, ChemChina will pay...

/ November 19, 2015

Alibaba Takes Over Top Chinese Entertainment Company for $3.7 Billion

Shuang Shan Alibaba Group Holding Limited agreed last Friday to buy out Internet television company Youku Tudou Inc. for $3.7 billion in cash, at a premium price of $27.60 per share. Already holding 18.3 percent of Youku Tudou before the...

/ November 13, 2015

China Debuts First Large Passenger Jet Amid Growing Competition, Demand

Shuang Shan Commercial Aircraft Corp. of China Ltd (COMAC) unveiled the prototype of C919, China’s first large passenger jet, at a hangar near Shanghai Pudong Airport on Monday. China’s first narrow-body, twin-engine passenger jet can carry up to 174 passengers,...

/ November 5, 2015

Hotel Bidding Could See Largest Takeover of a US Company by Chinese Counterpart

Shuang Shan Three Chinese companies have expressed interest in bidding for Starwood Hotel & Resort Worldwide, a deal that would mark the largest Chinese acquisition of US company ever. Shanghai Jin Jiang International Hotels (Group) Company Ltd, HNA Group, and...

/ November 3, 2015

Major Chinese Travel Agencies Agree to $5.9 Billion Share Swap

Shuang Shan Baidu Inc.—the majority shareholder of Qunar Cayman Island Ltd—agreed to swap shares worth nearly $5.9 billion with Ctrip.com International Ltd in exchange for a 25 percent stake in Ctrip.com. At the completion of the deal that was revealed...

/ October 28, 2015

Top Chinese Telecom Companies Form $36 Billion Joint Venture

Shuang Shan China’s three largest telecom companies sold $36 billion worth of tower assets to China Tower Corporation, a joint venture set up by the companies themselves, to expand 4G network coverage and boost efficiency. China Towers offered the three...

/ October 21, 2015

Alibaba Opens Second US Data Center in Billion Dollar Cloud Investment

Shuang Shan Alibaba Group Holding Limited’s cloud computing arm AliCloud opened its second Silicon Valley data center on October 9 as part of the e-commerce giant’s billion-dollar investment in its cloud computing business. The data center will help Chinese companies...

/ October 16, 2015

Major Chinese O2O Websites Merge in $20 Billion Deal

Shuang Shan Meituan.com and Dianping Holdings Ltd, two of China’s largest online local service platforms, have agreed to set up a new company—creating the largest Online to Offline (O2O) business in China. The merger, one of the largest deals ever...

/ October 9, 2015

Tsinghua Buys 15 Percent Stake in Western Digital for $3.78 Billion

Shuang Shan Tsinghua Unisplendour Co Ltd (Unis) announced on Wednesday that it invested $3.78 billion in Western Digital Corp, purchasing a 15 percent stake (which it must hold for five years) at a premium price of $92.50—33 percent higher than...

/ October 2, 2015