Search Results for:Brenda Goh

Air China plans to sell 51% stake in cargo unit to AVIC Capital for $357m

After the deal, Air China will put more of its resources on its passenger aviation business to improve its competitiveness.


China Railway Corp, SF Holding form cargo logistics JV

China Railway Express Co, would hold a 55 percent stake in the joint venture, while S.F. Holding would hold the remaining share.


Bakery chain vanishes from Chinese food apps following Taiwanese leader’s visit

85 Degrees, which has 628 stores in mainland China, was hit by calls for a boycott on Chinese social media after Taiwan President Tsai Ing-wen was photographed on Sunday visiting one of its Los Angeles stores during her visit to the United States.


Hainan Airlines sells remaining stake in Brazil’s Azul for $306m

The company had in April sold part of its stake in Azul to a subsidiary of United Airlines’ parent United Continental Holdings for $138.3 million.


Chinese online grocer Dada-JD Daojia raises $500m from Walmart, JD.com

The company comprises of two businesses and is partly owned by JD.com.


Starbucks hopes coffee delivery partnership with Alibaba can perk up China sales

The companies will collaborate across businesses within the Alibaba group, including delivery platform Ele.me, supermarket chain Hema, online retailers Tmall and Taobao, and mobile and online payment platform Alipay.


Juneyao Airlines acquires 5% stake in China Eastern for $1.9b

Juneyao Airlines and its controlling shareholder Juneyao Group are expected to own more than 5 percent stake in China Eastern


Alibaba’s Cainiao JV to invest $1.53b in logistics hub at Hong Kong airport

Cainiao Smart Logistics Network will take a 51 percent stake in the joint venture.


Alibaba-led consortium picks stake in Chinese courier ZTO for $1.4b

The investment would be Alibaba’s third in a Chinese courier after it bought minority stakes in YTO Express and Best Inc.


Meituan-Dianping to buy large stake in Chinese bike-sharing major Mobike

The deal was brokered by Pony Ma, chief executive of Tencent Holdings, a backer of both companies.