Category: China Deals

Aluminum Producer Aleris Corp Acquired by Zhongwang USA LLC

Aleris Corp, a Cleveland-based aluminum rolled products producer, announced its purchase by Zhongwang USA LLC on Monday. At $2.33 billion dollars, this is the United States’ largest overseas purchase of a metals processor.

/ August 31, 2016

Uber China and Didi Chuxing merge into new $35 billion ride-sharing company

Bringing an end to Uber’s push into the China market, Uber China is merging with its Chinese competitor, Didi Chuxing. The sale ends the intense competition between the two companies and raises Didi Chuxing’s value to about $35 billion. Uber...

/ August 1, 2016

Foxconn Acquires Sharp in $3.5 Billion Deal

Foxconn Technology Group and Sharp Corporation signed a deal on April 2 for the Taiwan-based electronic contract manufacturer to acquire the Japanese consumer electronics firm for $3.5 billion. The final deal, approved on March 30, is nearly $2.5 billion less...

/ April 5, 2016

Chinese Conglomerate Acquires Ingram Micro for $6 Billion

Shuang Shan In the largest Chinese acquisition of a US IT company ever, aviation and logistics conglomerate HNA Group bought technology distributor Ingram Micro Inc. for $6 billion in cash on Wednesday. Tianjin Tianhai Investment Co Ltd, a unit of...

/ February 19, 2016

Chinese Buyers Acquire Opera Software for $1.2 Billion

Shuang Shan A group of Chinese companies, led by Internet security firm Qihoo 360 Technology, offered to acquire Norwegian company Opera Software ASA for a total of $1.2 billion on Wednesday. Opera Software produces Opera Web Browser, the sixth most...

/ February 12, 2016

Chinese Machinery Manufacturer Makes $3.3 Billion Offer to Buy Terex

Shuang Shan Chinese state-owned machinery manufacturer Zoomlion Heavy Industry Science and Technology Co Ltd submitted a proposal to buy US crane-manufacturer Terex Corporation for $3.3 billion in cash on Wednesday.  The proposal comes in the middle of the planned merger...

/ January 29, 2016

Postal Savings Bank of China Starting $10 Billion Hong Kong IPO

Shuang Shan Postal Savings Bank of China (PSBC)—the sixth largest lender in China—began accepting proposals for its $10 billion Hong Kong IPO on Tuesday and will continue to do so through Friday. The PSBC IPO will be the largest financial...

/ January 21, 2016

ChemChina Acquired German Machinery Manufacturer for $1 Billion

Shuang Shan China National Chemical Corporation (ChemChina) announced Monday it has agreed to buy German plastic and rubber machinery manufacturer KraussMaffei Group for $1.01 billion, funded by a consortium with Jiangsu Guoxin Investment Group Limited and AGIC Capital. The deal,...

/ January 14, 2016

Chinese Conglomerate Makes First Major Investment in Hollywood

Shuang Shan Dalian Wanda Group Co., the world’s biggest movie theater operator, announced on Tuesday that it has acquired a majority stake in Legendary Pictures Films LLC for $3.5 billion in cash. Wanda will be the first Chinese company to...

/ January 12, 2016

Tsinghua Unigroup to Invest $2 Billion in Taiwan Chip Packaging Companies

Shuang Shan Tsinghua Unigroup Limited will buy shares of two Taiwanese semiconductor packaging and testing companies—ChipMOS Technologies Inc. and Siliconware Precision Industries Limited (SPIL)—for $2 billion announced by the two companies on Friday. Tsinghua will own a quarter of each...

/ December 16, 2015