By Eduard Gismatullin
Hong Kong has the advantage of being part of China but keeping a legal system rooted in English common law, an enticing combination for international businesses seeking to access the country. The city’s stock exchange has become the most popular non-mainland choice for Chinese companies looking to go public, while Hong Kong is home to the largest pool of offshore yuan deposits.
Private equity firm H&Q Asia Pacific becomes the biggest investor of start-up Huizuche with over $30 million fundraised in series B round while Chinese property developer Hengmao goes to extremes with a A$88,888,888 project buy in the name of good fortune.
China’s Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka, Handelsblatt reported on Monday, citing unnamed sources in the German government. Augsburg-based Kuka is the target of a takeover bid by the Chinese home appliance maker, which has fanned a furious debate… Read more »
NXP Semiconductors NV said it would sell its standard products business to a consortium of financial investors consisting of China’s Jianaguang Asset Management Co Ltd and private equity firm Wise Road Capital Management
Blackstone Group LP agreed to sell its majority interest in WindMW GmbH, the owner of one of Germany’s largest offshore wind farms, to China Three Gorges Corp., the nation’s largest hydropower operator. The 288-megawatt Meerwind wind farm in the North Sea near the German island of Helgoland is the country’s… Read more »
Founded in 2012, the startup is a bit player relative to the likes of Microsoft Corp. in the growing field of augmented reality, which superimposes digital images atop the physical world.
Hong Kong tycoon Peter Woo’s Wharf Holdings Ltd plans to sell its telecom business in a deal that could be worth more than $1 billion (704.62 million pounds), people familiar with the matter said, and has asked more than a dozen potential suitors, including both giant Chinese insurers and Western buyout… Read more »
The Chinese government has said that it wants the country to transition to a tier-one player in manufacturing from its current status of the world’s largest low-cost production center.
Digest: IE Singapore signs infrastructure MOU with China, MAS to experiment with fintech, Singapore bond market distorts credit costs
IE Singapore has entered into an MOU with the Industrial and Commercial Bank of China (ICBC), MAS has proposed the formation of a fintech “regulatory sandbox” and S&P believes Singapore’s bond market boom is distorting credit costs.
Chinese state-owned companies seeking to buy European assets are going to face greater regulatory scrutiny following a landmark European Commission decision on a recent deal.