Search Results for:Meg Shen

HNA Technology scraps plan to buy Chinese e-commerce firm Dangdang

This spells the latest blow to HNA Group which lately has done a series of divestments to slash debt at the aviation-to-financial services group.

China to launch nationwide inspections of ride-hailing companies

The inspections, starting from Sept. 5, will cover all ride-hailing service platforms nationwide

China Eastern Airlines to raise up to $2.2b in share sale

China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital

Tencent, invest in Leshi’s smart TV unit

Leshi’s parent LeEco was once China’s Netflix-to-Tesla contender but ran into a cash crunch in late 2016 after expanding too fast.

Leshi chairman Hongbin resigns after just eight months in office

After only eight months as chairman, Sun Hongbin, also chairman of Leshi’s second largest shareholder Sunac China Holdings Ltd, has decided to leave.

China’s Tencent plans to buy 5% stake in retail chain Yonghui Superstores

China’s e-commerce giants have pushed into traditional retail. In November, Alibaba Group Holding Ltd said it would invest $2.9 billion in China’s top hypermart operator Sun Art Retail Group Ltd for a major stake.

China: Fosun High Tech chairman to leave post, remain at parent

Fosun saw its CEO and vice president step down in a surprise reshuffle in March.

China’s Great Wall Motor says watching Fiat Chrysler, no talks yet

A Great Wall official had on Monday said the company was interested in all or part of FCA, owner of the Jeep and Ram truck brands.

HK: LeEco’s listed company Leshi Internet reshuffles top deck

Zhang Zhao will be appointed as chief content officer and Yuan Bin will take the position of chief technology officer.

China’s Sanyuan Foods, Fosun to buy France’s St Hubert for $733m

Sanyuan and Fosun will buy the French margarine marker from PE firm Montagu.