China Bosera Funds 48 percent stake sold in record deal
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A 48 percent equity stake in China Bosera Funds was sold for 6.32 billion yuan ($861.8 million) at an auction in Beijing, making it the largest equity deal ever in China's mutual fund industry.
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China signed contracts Monday worth nearly &#36;2.1 billion to buy 23 Airbus jetliners and other German industrial goods.
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Blackstone Group  has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.
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I.BM announced late yesterday the sale of its personal computer business to Lenovo, China&#39;s largest personal computer maker, a deal that reflects the industrial and economic ambitions of not only the two companies but also their two nations.
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HONG KONG China Power International Development has raised 2.5 billion Hong Kong dollars, or $320.6 million, in an initial public offering, bankers said, after pricing its shares at a discount to rivals and selling a stake to Singapore&#39;s state-run
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.In a filing (in Chinese) with the China Beijing Equity Exchange, state-owned China Electronics Import &amp; Export Co. (CEIEC) invited bids for its stake in China HP and set a minimum price of 967 million yuan ($133 million).CEIEC will accept bids until Feb. 2 from qualified Chinese companies. Offers from financial institutions or hedge funds will not be considered, it said.HP had little to say in response to CEIEC&#39;s offer, but reaffirmed the importance of China HP to its overall business.&quot;China is a critically important market to HP and continues to hold tremendous opportunities for our business. ... Whilst we do not comment on our financial or operational plans in the future, HP will ensure its business operations remain unaffected,&quot; wrote Joanne Tan, a company spokeswoman, in an e-mail.China HP was founded in 1985 as a joint venture between HP and CEIEC. Over the years, the joint venture has been successful and China HP is a major player in key local markets, such as PCs and servers.Joint ventures are a common way of doing business in China, with foreign companies tapping the experience and connections of a local partner.In the best situations, these partnerships can help the foreign company build and grow their business in China faster than would otherwise be possible.
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New listings on the Shanghai and Shenzen bourses are on track to raise an astonishing $52 billion this year. But how long can the money rush last?
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Wal-Mart, the world's biggest retailer, said Tuesday it had bought 35 percent of the Taiwan-owned Trust-Mart hypermarket chain, which operates 101 stores in China.
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The shares sold by IBM represent 3.5% of Lenovo's outstanding shares and are worth HK$960 million.
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IBM has gained a crucial foothold in China by selling its PC business to Lenovo, the countryâs biggest computer maker, for $1.75 billion (Â£900 million) in cash, shares and debt.
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BEIJING - China&#39;s biggest computer maker, Lenovo Group Ltd., said late yesterday that it has acquired a majority stake in IBM Corp.
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China's biggest commercial bank plans to raise up to $19 billion with an initial public offering this year, possibly breaking the record for the world's biggest IPO, a news report said Tuesday.
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China and a US company buy a $14bn stake in mining giant Rio Tinto, in China's largest foreign investment.
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According to a survey, 62.1% of Chinese users turned to local favorite Baidu Inc. for search -- up from about 52% in 2005 -- and much of that growth came at Google's expense.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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German conglomerate Siemens AG said on  Thursday its China order book jumped 34 percent to $5 billion,  helped by its burgeoning power business.
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Chinaâs global trade surplus soared nearly 50 percent last year to a record despite an avalanche of safety warnings and recalls of Chinese-made products abroad.