Tag: China Deals
Global Protectionism will not Stymie Chinese Deal-Making
Chinese companies collectively spent nearly $200 billion buying their foreign counterparts in the first nine months of 2016, with an additional increase in spending expected in the final quarter of the year. China’s historical emphasis on resources has been replaced...
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...
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...