Tag: China

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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
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
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

The Greening of Asia: The Business Case for Solving Asia’s Environmental Emergency

In this excerpt from his book The Greening of Asia: The Business Case for Solving Asia’s Environmental Emergency, Mark L. Clifford tells the tale of the inspiration sparked by the impromptu introduction of wind power to China and foreshadows the...

/ April 9, 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
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
Grape Harvest

China, Australia Sign Free Trade Agreement

By Lauren Dodillet Chinese President Xi Jinping and Australian Prime Minister Tony Abbott met last week in Canberra to sign a landmark Free Trade Agreement (FTA) between their two countries. A decade in the making, the deal gives China the...

/ November 24, 2014