The acquisition, made through Bright Beyond, will be settled in cash.
Carrefour's China business is valued at around $1 billion. The retailer is working with BNP Paribas on the deal.
IPOs & Markets
OneConnect would join another unit of Ping An - Ping An Good Doctor - in listing in Hong Kong.
The unusual property sell-off is another sign of struggles faced by small- and mid-sized auto makers.
Demand continues to surge among rich Asians wanting to set up investment vehicles and plan business succession.
The convertible bonds would give Alibaba about 10 per cent stake in Red Star Macalline.
The IPO is one of the 10 largest in the U.S. this year among a surge of listings.
The common thread for both Alibaba and Tencent was the performance of relatively new businesses that have been eclipsed until now by more renowned div
Kr Space operates 40 co-working spaces in 10 major cities in China
Policy & Regulations
The Shanghai-London Stock Connect project started in 2015.
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