Category: China Deals

Volkswagen to Build New Plant in Hunan Province

Volkswagen will invest nearly $2 billion to build a new plant in Changsha, Hunan with its partner Shanghai Auto Industry Corp. The contract was signed on May 16. The new plant is expected to open in 2015 with an initial...

/ May 16, 2013

Wal-Mart Will Invest $16.3 Million to Improve Food Safety in China

Over the next three years, Wal-Mart Stores Inc. will invest $16.3 million to improve food safety in its stores, according to a statement on May 9. The investment will go toward expanding a mobile food-inspection lab program to cover 70...

/ May 15, 2013

China Mengniu Dairy Buys Larger Stake in China Modern Dairy

After a series of accusations that it sold tainted milk, China Mengniu Dairy Co. Ltd., China’s largest milk producer by sales volume, bought a $410 million stake in China Modern Dairy Holdings Ltd., China’s largest unpasteurized milk producer, on May...

/ May 15, 2013

Alibaba Buys Stake in Digital Mapping Company AutoNavi

Alibaba Group, China’s largest e-commerce firm, become the largest shareholder in digital mapping company AutoNavi Holdings Ltd. on May 10 by taking a 28 percent stake. Analysts say Alibaba may be trying to diversify its product lineup ahead of a...

/ May 15, 2013

GM Gets Approval for Cadillac Plant in China

On May 7, General Motors Co. said China’s National Development and Reform Commission had granted it approval to built a Cadillac factory in Shanghai’s Jinqiao zone. GM said it expects construction to begin in June. By building the vehicles in...

/ May 7, 2013

Ginseng Board of Wisconsin Signs Export Deal with China

The Ginseng Board of Wisconsin announced on April 15 that it signed an export agreement with Beijing-based medicine company Tong Ren Tang Health Pharmaceutical. The agreement lets the Chinese company use the trademark seal on Tong Ren Tang’s purchases from...

/ May 6, 2013

Australia Receives China’s Approval of Meat Storage Facilities

On April 17, China accredited 28 Australian cold store facilities and four red meat plants. The decision, according to the Australian Department of Foreign Affairs and Trade, will allow meat exporters to store their product and export in response to...

/ May 6, 2013

ALTe to Set Up Joint Venture in China for Commercial Vehicle Manufacturing

On March 20, Michigan-based ALTe Powertrain Technologies announced that it completed a cooperation agreement to establish a new commercial vehicle manufacturing joint venture with the Henan Benma Company in China. The joint venture will be a new original equipment manufacturing...

/ May 6, 2013

Pinewood Shepperton Signs Chinese Media Joint Venture Agreement

Pinewood Shepperton Plc., an UK-based service provider in the television and film industry, announced on April 17 that it will form a 50:50 joint venture with China’s Seven Stars Media Ltd. to provide co-production, financing, and other opportunities for film...

/ May 6, 2013

European Insurer Axa to Purchase Half of China’s Tian Ping

On April 24, Axa SA, Europe’s second-largest insurer, agreed to buy a 50 percent stake in Chinese auto insurer Tian Ping in a deal valued at around $631 million. In an emailed statement to Bloomberg News, Axa said that it...

/ May 6, 2013