ZTE recently settled a U.S. government probe & paid a penalty of nearly $900m.
By Lulu Yilun Chen
Didi Chuxing is near an agreement to raise at least $5b.
Shanghai-listed Shandong Tyan Home said on Wednesday its negotiations with Barrick Gold Corp to buy a 50-percent stake of the Canadian operator’s Kalgoorlie mine have ended without a deal, citing new capital and acquisition rules in China. Reuters reported in November that Toronto-based Barrick was reviewing the financial backing behind… Read more »
Fosun International Ltd , controlled by one of China’s best-known entrepreneurs, announced a major management reshuffle late on Tuesday after saying net profit rose 28 percent for 2016 thanks to steady growth in core businesses. In a statement to the Hong Kong stock exchange, the Chinese insurance, healthcare and entertainment… Read more »