Tag: Agreements

Handling Mass Layoffs in China’s Manufacturing Sector

As China’s annual growth begins to slow, mass layoffs may be unavoidable for many American manufacturers as they are faced with declining demand and rising business costs. It is important for these companies to understand the complicated conditions and strict...

/ April 22, 2016
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
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
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
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
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