Search Results for:Meg Shen
China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital
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.
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 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.
Fosun saw its CEO and vice president step down in a surprise reshuffle in March.
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.
Zhang Zhao will be appointed as chief content officer and Yuan Bin will take the position of chief technology officer.
Sanyuan and Fosun will buy the French margarine marker from PE firm Montagu.
First Capital Securities Co Ltd plans to acquire JPMorgan Chase & Co’s minority stake in a Chinese joint venture, in what would be the first departure by a prominent global investment bank from China’s securities sector. The Shenzhen-listed securities group said in an exchange filing on Friday that it would… Read more »
China’s e-commerce giant Alibaba Group Holding Ltd plans to invest 2.1 billion yuan ($305 million) in supermarket chain Sanjiang Shopping Club Co Ltd to further expand its retail presence. Sanjiang said announcements it had made about Alibaba’s investment had prompted the Shanghai stock exchange to ask whether Alibaba will ultimately… Read more »