Tag: China’s Investments Abroad

Lenovo to Purchase Motorola Mobility from Google for $2.91 Billion

By E.J. Thomas Google Inc. announced on January 29 that it has reached an agreement to sell Motorola’s smartphone hardware business, Motorola Mobility, to Lenovo Group Ltd. for $2.91 billion. The deal includes $660 million in cash, a three-year promissory...

/ February 7, 2014

Lenovo Agrees to Purchase IBM’s Low-End Server Business for $2.3 Billion

By E.J. Thomas After months of speculation and disagreements over the final purchase price, IBM has agreed to sell its low-end server business for $2.3 billion to Chinese PC manufacturer Lenovo. If the acquisition is approved, it will be China’s...

/ January 24, 2014

Lenovo Resumes Talks with IBM for Server Business

Lenovo, the world’s largest PC manufacturer, has resumed talks with IBM for its low-end server business, according to Bloomberg. The talks between the two companies broke down last year when Lenovo offered $2.5 billion while IBM was hoping for an...

/ January 22, 2014

Shuanghui to Apply for $6 Billion Hong Kong IPO

Sources close to Shuanghui International, the Chinese meat producer that acquired US-based Smithfield Foods for $4.7 billion in September, say that the company will file an official listing application with the Hong Kong stock exchange as early as next week....

/ January 14, 2014

China Greenland to Invest $2 Billion in London Property Projects

Greenland Holdings Group Co., a Shanghai-based state-owned enterprise, announced on January 7 that it signed an agreement to invest $2 billion in two properties in London. Plans for one property in Wadsworth include the construction of a 36-story tower with...

/ January 7, 2014

Complying with Foreign Investment Rules

CFIUS reviews will become more common as Chinese companies invest more in the United States, but careful preparation can help companies navigate a complex process.  By Thomas S. Vaughn and Shang Kong  With levels of Chinese FDI in the United...

/ November 25, 2013

Shanghai Zendai to Develop $7.8 Billion ‘New York of Africa’

After purchasing a $104.6 million plot of land in Johannesburg, a spokesperson for real-estate developer Shanghai Zendai Property has said that the company plans to invest $7.8 billion over 15 years to turn it into the “New York of Africa.”...

/ November 5, 2013

CNPC Poised for $2 Billion Purchase of Petrobras Assets

China’s biggest state-owned oil company is preparing to pay more than $2 billion for Petroleo Brasileiro SA’s Peruvian assets, according to Bloomberg. A sale could come as early as next month, and would help finance Petrobras’ $237 billion plan to...

/ October 29, 2013

Chinese Firms Allowed to Invest in British Nuclear Plants

Chinese companies will soon be allowed to invest in British nuclear power plants and eventually hold majority ownership stakes, according to an announcement made yesterday by Britain’s finance minister George Osborne. Osborne, who has already inked multiple banking deals in...

/ October 18, 2013

CNPC Inks JV Deal With Russia’s Rosneft

China National Petroleum Corporation (CNPC) signed an MOU today with Russia’s Rosneft to form a joint venture for exploration and production in Rosneft’s eastern Siberian fields. CNPC will own 49 percent of the venture, which will take over fields formerly...

/ October 18, 2013