Category: China Deals

Beijing taxi

Didi Kuaidi Raising $1.5 Billion to Retain Control of China’s Car Service Industry

By Lauren Dodillet Xiaoju Kuaizhi Inc.—also known as Didi Kuaidi, China’s largest taxi and ride-sharing company—is attempting to raise enough money to value the startup app at $45 billion. Back in April, Didi Kuaidi raised $600 million from US hedge...

/ June 18, 2015

Jack Ma Calls on Small US Businesses to Join Alibaba

by Natalie Polk Alibaba Group Holding Ltd.’s founder Jack Ma introduced his new globalization plan aimed to engage small US businesses in cross-border commerce with China on June 9 in New York. For Ma, the new strategy is  “simple and...

/ June 12, 2015
Volkswagen logo on steering wheel

VW Zaps Life Into China’s Electric Vehicle Market

By Lauren Dodillet  On June 3, Volkswagon Group (VW) signed a deal with China’s SAIC Motor Corporation Ltd to boost research, development, and production of electric and hybrid vehicles in China. The deal is a part of Volkswagen’s larger commitment...

/ June 10, 2015

JV Brings AccuWeather Tech to China

By Lauren Dodillet  AccuWeather Inc. and Huafeng Media Group announced a joint venture (JV) on May 22. The JV, aka Huafeng-AccuWeather (Beijing) Co. Ltd, will bring AccuWeather technology to consumers in China, Taiwan, Hong Kong, and Macao via Huafeng’s forecast...

/ May 28, 2015
Airplanes on a runway

Boeing Sells Jets to Private Chinese Airline in $6.1 Billion Deal

By Lauren Dodillet The Boeing Company signed a contract—announced Monday—to provide Chinese budget airline Ruili Airlines with 60 new 737 Max jets within the next 10 years, although the exact delivery schedule has not been released. The $6.1 billion contract was brokered...

/ May 22, 2015
Malaga Soccer Stadium

Anonymous Chinese Consortium to Buy Spanish Soccer Club

By Lauren Dodillet  A Chinese consortium identifying itself only as “Intellectually Manufactured in China” is in talks to buy 95 percent of Malaga Club de Futbol, a Spanish La Liga soccer club, from owner Sheikh Abdullah Al Thani. Five percent...

/ May 7, 2015
Qualcomm Inc Sign

Qualcomm ‘Globalization’ Base to Win Back Chinese Tech Companies

By Lauren Dodillet  American company Qualcomm Incorporated, the world’s largest producer of chips for smartphones, announced the launch of its “globalization” unit on Monday. The Shenzhen-based unit—designed to help Chinese mobile tech companies compete overseas—comes shortly after Qualcomm settled an...

/ May 1, 2015
Neon Johnny Rockets sign

Johnny Rockets Blasts Off to China

By Lauren Dodillet  Johnny Rockets announced plans last week to open 100 restaurants in China over the next decade in its largest development agreement to date, a massive expansion plan that will help it open its first Chinese franchise in...

/ April 14, 2015
circuitry on a motherboard

IBM to Share its Technology with Chinese Firms

By Lauren Dodillet  International Business Machines Corporation CEO Virginia Rometty, speaking at the China Development Forum in late March, announced a reverse in the company’s China policy. IBM will now share its technology with Chinese firms and allow them to...

/ April 6, 2015
Movie Theater

Chinese Film Companies Hooked on Hollywood’s Reels

By Lauren Dodillet  Last Monday two major Chinese film firms—Huayi Brothers Media Corp. and Beijing Enlight Media Co.—confirmed new movie deals with Hollywood companies. They declined to mention the names of those companies for unknown reasons, but according to Agence...

/ March 26, 2015