Tag: Joint Venture

LinkedIn Refocuses on China with Chinese Website and Joint Venture

LinkedIn Corp announced at the end of February that it was launching a Chinese language website in an effort to reach the estimated 140 million professionals in China. At the same time, the company announced that it had formed a...

/ February 28, 2014

Daimler Inks $845 Million Auto Deal with Beijing Automotive Group

As part of a strategy to revive its slowing China operations, Daimler AG signed an $845 million agreement with China’s Beijing Automotive Group on November 19. Under the agreement, Daimler will own a 12 percent equity stake in Beijing Auto’s...

/ November 19, 2013

French Automaker Peugeot in Talks with China’s Dongfeng

Troubled French automaker PSA Peugeot Citroën is reportedly in talks to sell as much as a 30 percent stake in its company to China’s second-largest automobile manufacturer, Dongfeng Motor Corporation. Dongfeng and Peugeot have been involved in a joint venture...

/ October 11, 2013

Tesco to Abandon its Solo Approach to Supermarkets in China

In an effort to move “more quickly to profitability,” the world’s third-largest food retailer announced today that it is abandoning its solo approach to China. UK retail giant Tesco will instead pay nearly $558 million to form a joint venture...

/ October 2, 2013

AIG Enters Joint Venture to Sell Life Insurance in China

On May 30, American International Group Inc. formed a joint venture with People’s Insurance Co. (Group) of China and PICC Life Insurance Co. Ltd., China’s largest insurance company, to sell life insurance in China. PICC Life and AIG will form...

/ June 18, 2013

ALTe to Set Up Joint Venture in China for Commercial Vehicle Manufacturing

On March 20, Michigan-based ALTe Powertrain Technologies announced that it completed a cooperation agreement to establish a new commercial vehicle manufacturing joint venture with the Henan Benma Company in China. The joint venture will be a new original equipment manufacturing...

/ May 6, 2013

Pinewood Shepperton Signs Chinese Media Joint Venture Agreement

Pinewood Shepperton Plc., an UK-based service provider in the television and film industry, announced on April 17 that it will form a 50:50 joint venture with China’s Seven Stars Media Ltd. to provide co-production, financing, and other opportunities for film...

/ May 6, 2013

European Insurer Axa to Purchase Half of China’s Tian Ping

On April 24, Axa SA, Europe’s second-largest insurer, agreed to buy a 50 percent stake in Chinese auto insurer Tian Ping in a deal valued at around $631 million. In an emailed statement to Bloomberg News, Axa said that it...

/ May 6, 2013

GreenTech Automotive Announces Joint Venture with Chinese Partner

GreenTech Automotive, an American manufacturer of all-electric vehicles, and JAC Motors, a Chinese automotive manufacturer, announced on April 22 a joint venture that will develop a five-passenger, all-electric sedan to be assembled in the United States. The sedan will feature...

/ May 6, 2013

Detroit Electric to Partner with Geely in China

At the Shanghai Auto Show on April 25, Detroit Electric, a start-up electric-car maker, said it will form a joint venture with Zhejiang Geely Holding Group Co. to develop electric vehicles to sell in the Chinese market. The two companies...

/ April 26, 2013