Category: China Deals

Didi Kuaidi Pressures Uber by Investing in Competitor Lyft

  Shuang Shan Update: During a joint press conference on Wednesday, Didi Kuaidi and Lyft announced a cross-border partnership that gives users of either app access to both services in the United States or China. The alliance, which will also...

/ September 16, 2015
Shipping containers

Chinese Shipping Company in the Market for $1.5 Billion Worth of Ships

By Lauren Dodillet China Shipping Container Lines Co. (CSCL)—a subsidiary of China Shipping Group Co.—is seeking to buy 10 ultra-large ships for $1.5 billion, reports the Wall Street Journal. The ships can carry up to 20,000 intermodal containers each, and...

/ September 4, 2015
container ship

COSCO-China Shipping Merger Finally in The Works?

By Lauren Dodillet After years of rumors, a merger may be in the works for China Ocean Shipping (Group) Company (COSCO)—China’s largest shipping enterprise—and China Shipping (Group) Company. The two state-owned enterprises (SOEs) would combine over $82.9 billion in total...

/ August 27, 2015
Tianjin port

Tianjin Explosions May Spur Billions in Insurance Claims

By Lauren Dodillet A series of blasts in Tianjin on August 12th may cue billions of dollars in insurance claims. The explosions rocked the world’s third-largest port last Wednesday and burned into the weekend, the result of currently unknown circumstances...

/ August 20, 2015
Alibaba sign

$4.6 Billion Investment to Ally Alibaba with Suning Electronics Retailer

By Lauren Dodillet Alibaba Group Holding Ltd will invest $4.56 billion into Suning Commerce Group Co Ltd to accumulate a sum 19.99 percent share in the electronics company, a joint statement announced Monday. In return, Suning will purchase a 1.1...

/ August 13, 2015
PlayStation controller

China Welcomes Foreign Video Game Makers

By Lauren Dodillet Last week China’s Ministry of Culture finally lifted a 14 year ban on foreign video game consoles, giving companies like Nintendo Co., Sony Corp., and Microsoft Corp. access to what is projected to be a $25 billion...

/ August 4, 2015
train at railway signal

China Railway Signal Co. to List $1.8 Billion IPO on Hong Kong Market

By Lauren Dodillet State-owned China Railway Signal and Communications Corporation began looking for investors for its $1.8 billion Hong Kong IPO last Monday. The company—which makes signal systems used by China’s train network—opened up to institutional investors yesterday, and plans...

/ July 28, 2015
Shanghai Skyline

$19 Billion Fund Set to Stabilize Chinese Stocks

By Lauren Dodillet 21 Chinese securities companies led by Citic Securities Co. are pledging more than $19 billion dollars to a fund that will help stabilize the market. The fund, which opened Monday morning, is valued at approximately 15 percent...

/ July 9, 2015
Transmission Lines

China’s CITIC Antes Up $113 Billion for Silk Road Initiative

By Lauren Dodillet Chinese state-owned conglomerate CITIC Ltd. announced last week that it will invest upwards of $113 billion dollars into China’s “One Belt, One Road” (aka the New Silk Road) initiative. The money will come from its banking, securities,...

/ June 30, 2015

Wanda Group Raises $805 Million in Just Three Days

By Natalie Polk Dalian Wanda Group, China’s largest commercial property developer, raised $805 million to finance the construction of shopping malls across China in only three days—leveraged almost entirely through Internet crowdfunding. Wanda used Internet financing app  Stable Earner No.1...

/ June 26, 2015