By Antonia Timmerman
It received $100 million Series C in 2015.
Taiwan-listed Compal Electronics acquired 2.15 per cent in LeEco’s smart TVs subsidiary Leshi Zhixin. Golden Brick Capital and CICC Alpha lead $67 million round in Chinese personal loan mobile app.
This is the latest in a series of investments by Chinese firms in US companies
The firm has seen an annual compound annual growth of 28.27% (2014 – 2016)
Hong Kong-based Spring Real Estate Investment Trust (Spring REIT) has entered into an agreement to acquire 84 commercial properties from Hawkeye Oval Holdco III Limited and Hawkeye Oval II LLP in the United Kingdom for about $91 million (£73.5 million), as per a statement. This is Spring REIT’s first proposed… Read more »
Anbang had discussed investing more than $400 million.
Fosun is one of China’s most acquisitive conglomerates.
Fosun International Ltd , controlled by one of China’s best-known entrepreneurs, announced a major management reshuffle late on Tuesday after saying net profit rose 28 percent for 2016 thanks to steady growth in core businesses. In a statement to the Hong Kong stock exchange, the Chinese insurance, healthcare and entertainment… Read more »
Tesla’s shares were up nearly 2% at $275.60 in premarket trading on Tuesday.
Unigroup has been an aggressive acquirer and capacity-builder.