Se Young Lee

China’s Fosun invests in steamed buns maker favoured by President Xi

Qing-Feng Steamed Dumplings Shop has raised $13.5 million for expanding its business and upgrading existing stores.

China’s Luckin Coffee raises $200m in GIC-backed round, now valued at $1b

The Chinese coffee startup – which does a strong business selling and delivering coffee online – has been training its sights on its far larger rival Starbucks.

China’s COSCO Shipping wins US security clearance for $6.3b OOIL deal

COSCO said the Committee on Foreign Investment in the US had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party.

Samsung to continue exploring acquisition opportunities

Tech giant Samsung Electronics Co Ltd will continue looking for acquisition opportunities, a company executive said on Monday, as the firm seeks to build software and services to further differentiate its products. “We are going to be bullish on finding companies that fit our strategy,” Peter Koo, a senior vice… Read more »

SK Hynix to bid for Toshiba chip business as part of a consortium

SK Hynix could be part of a consortium led by Bain Capital LP,

Google offers to invest $880m in S Korea’s LG Display

To help boost output of OLED screens for smartphones

S Korea’s SK Hynix bids for Toshiba memory business stake

Toshiba aims to raise more than $1.7b from the stake sale.

S Korea’s Samsung Electronics to consider splitting into two

South Korea’s Samsung Electronics Co Ltd will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone… Read more »

At Samsung Electronics, Lee signals more board power in nod to investors

Jay Y. Lee, de facto head of South Korea’s sprawling Samsung Group, accelerated taking a board seat at flagship unit Samsung Electronics (005930.KS) partly because of investor pressure to improve governance, two people familiar with the matter said. Samsung Group narrowly survived a bid by U.S. activist hedge fund Elliott… Read more »

Samsung Electronics to lift stake in Cheil Worldwide for $235m

Samsung is buying 267.5 billion won (192.09 million pounds) worth of shares in Cheil Worldwide Inc from Samsung C&T Corp.