Tag: M&A

Hotel Bidding Could See Largest Takeover of a US Company by Chinese Counterpart

Shuang Shan Three Chinese companies have expressed interest in bidding for Starwood Hotel & Resort Worldwide, a deal that would mark the largest Chinese acquisition of US company ever. Shanghai Jin Jiang International Hotels (Group) Company Ltd, HNA Group, and...

/ November 3, 2015
container ship

COSCO-China Shipping Merger Finally in The Works?

By Lauren Dodillet After years of rumors, a merger may be in the works for China Ocean Shipping (Group) Company (COSCO)—China’s largest shipping enterprise—and China Shipping (Group) Company. The two state-owned enterprises (SOEs) would combine over $82.9 billion in total...

/ August 27, 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

China Goes West: The Globalization of Chinese Brands

In the following excerpt from Joel Backaler’s book “China Goes West: Everything You Need to Know About Chinese Companies Going Global,” the chairman of China’s largest domestic automaker discusses how his company bought out Sweden’s Volvo: “We are like a poor...

/ February 24, 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
Lady Justice

Dentons-Dacheng Merger Creates World’s Largest Law Firm

By Lauren Dodillet  China’s Dacheng Law Offices merged with international firm Dentons late last month, creating the world’s largest law firm and marking the second merger ever between a Chinese and multinational firm. Dacheng will join the other foreign firms...

/ February 10, 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
Lionsgate Booth

Dalian Wanda Eyes Lionsgate Purchase

By Lauren Dodillet  Dalian Wanda Group Corporation Ltd. is looking to buy a majority stake in Lions Gate Entertainment Corporation, a Canadian-American film company. Wanda’s chair Wang Jianlin—the fourth-richest man in China—met with Lionsgate chair Mark Rachesky in October to...

/ December 15, 2014

Chinese Insurance Group Purchases Waldorf Astoria Hotel

By Lauren Dodillet China’s state-owned Anbang Insurance Group Co. Ltd. agreed to buy New York City’s landmark Waldorf Astoria Hotel from Hilton Worldwide Holdings Inc. for $1.95 billion on Monday, reports Forbes. The deal sets dual all-time records: the largest...

/ October 8, 2014

American Firms Troubled by China’s Antimonopoly Actions

Since the ramping up of enforcement, US companies doing business in China have been increasingly concerned about issues like fair treatment and due process By Ryan Ong and Ellen Huber From recent investigations in the auto parts industry to “dawn...

/ September 5, 2014