Category: China Deals

China, Russia Double Down on Pipeline Deals Despite Delays

By Lauren Dodillet China’s foreign minister Wang Yi said Sunday that negotiations with Russia for the Altai pipeline should be completed by the end of 2016. The pipeline will carry gas from the Altai region of Siberia into China. China,...

/ March 12, 2015

Ant Financial Plans Ahead for Mainland IPO

By Lauren Dodillet Zhejiang Ant Small & Micro Financial Services Group—aka Ant Financial, the parent company behind Alibaba Group’s Alipay—plans to launch its IPO in China in either late 2016 or early 2017. Before the launch, Ant will pursue an...

/ March 12, 2015

$40 Billion Silk Road Fund Kicks Off China’s ‘Belt and Road’ Initiatives

By Lauren Dodillet The China-led $40 billion Silk Road Fund Company Ltd. began operations in early January to finance Chinese economic development programs: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The fund will invest in...

/ March 10, 2015

China Goes West: The Globalization of Chinese Brands

In the following excerpt from Joel Backaler’s book “China Goes West: Everything You Need to Know About Chinese Companies Going Global,” the chairman of China’s largest domestic automaker discusses how his company bought out Sweden’s Volvo: “We are like a poor...

/ February 24, 2015

Chinese State Nuclear Companies Merge into $96 Billion Firm

By Lauren Dodillet  A merger between state-owned nuclear enterprises China Power Investment Corporation (CPI) and State Nuclear Power Technology Company (SNPTC) was approved earlier this month by China’s State-owned Assets Supervision and Administration Commission. The resulting firm will have more...

/ February 20, 2015
Lady Justice

Dentons-Dacheng Merger Creates World’s Largest Law Firm

By Lauren Dodillet  China’s Dacheng Law Offices merged with international firm Dentons late last month, creating the world’s largest law firm and marking the second merger ever between a Chinese and multinational firm. Dacheng will join the other foreign firms...

/ February 10, 2015

Anbang Adds $1 Billion Korean Company to its Conquests

By Ellen Huber China’s state-owned Anbang Insurance Group Co. Ltd. has signed a memorandum of understanding to acquire a 57.5 percent stake in South Korea’s Tong Yang Life Insurance Co. for about 1.1 trillion Korean Won ($1.01 billion), according to...

/ February 6, 2015
Handshake

China’s Citic Makes Historic $10 Billion Deal

By Lauren Dodillet  Chinese state-owned investment company Citic Group announced that it will sell a 20 percent stake in its Hong-Kong based subsidiary Citic Ltd. to CT Bright—the 50-50 joint venture of Japanese Itochu Corporation and Thai Charoen Pokphand Group...

/ February 4, 2015
train yard

Merger of China’s Two Largest Rail Companies Forms $26 Billion Firm

By Lauren Dodillet  State-owned China CNR Corporation Limited (CNR) and China South Locomotive & Rolling Stock Corporation Limited (CSR) announced in a joint statement on December 30, 2014 that they will merge to form a single company—China Railway Stock Corp....

/ January 14, 2015
Air China Boeing 747

Air China Buys 60 Boeing 737s for $6 billion

By Lauren Dodillet  A Boeing Company press release announced today that Air China Ltd. ordered 60 Boeing 737 and 737 Max aircrafts. The purchase is valued at over $6 billion, but with large-order discounts, Bloomberg reports that Air China will...

/ December 22, 2014