Search Results for:Meg Shen

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.

First Capital buys JPMorgan stake in Chinese securities JV

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 Alibaba buys into supermarket chain Sanjiang Shopping

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 »