By Shiwen Yap
Deal comes a year from Alibaba’s $1b purchase of a controlling stake in Lazada.
Hyundai and its affiliate Kia saw combined China sales slump 52 percent in March.
Scott Steele will also assume Thompson’s previous role as Head of the SG office
The project is named Apollo after the lunar landing program.
Affluent Partners is acquiring 33% of Dellos Group to expand into the drinks business.
Chinese carmaker Chery Automobile Co Ltd is open to potential new joint ventures with overseas partners, the firm’s chief executive said on Wednesday at the Shanghai auto show. “If opportunity comes then we are willing to discuss it,” said CEO Chen Anning. Chery already has joint ventures with Jaguar Land… Read more »
U.S. companies in China face one of the most challenging environments in decades in 2017.
U.S. cereal company Post Holdings has agreed to buy British brand Weetabix from China’s Bright Food Group Co Ltd in a 1.4 billion pound ($1.76 billion) deal that will expand its international business, the companies said on Tuesday. The deal will add the Weetabix, Alpen and Barbara’s brands to a portfolio… Read more »
Chinese tech giant Tencent has signed an agreement to invest $200 million in cash in Zhuan Zhuan, a used goods trading platform operated under 58.com Inc., China’s largest online market place. Tencent will invest $200 million in cash and additional business resources into the new business group for a minority equity… Read more »
China Creation Ventures has raised their first fund of $220 million.