Lion gets premium for China venture
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MELBOURNE - Lion Nathan will pursue growth in its domestic market after selling its loss-making China business. Lion Nathan incoming chief executive Rob Murray, who takes over on October 1, said the company
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Ping An Insurance (Group) Co. Ltd.   2318.HK, China's second-largest life insurer, plans to sell   up to 1.15 billion A-shares worth an estimated US$4 billion   (2.17 billion pounds) to replenish its capital.
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Trans-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million, or $A219 million.
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BOE Technology Group of China said it has signed a letter of intent to sell its 45.21 percent stake in its joint-venture subsidiary, Beijing Orient Top Victory Electronics, to TPV Technology in trade for an as-yet undetermined stake in the Hong Kong
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China is creating an investment company to make better use of its $1 trillion foreign currency reserves.
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by corporate China, which is buying auto, television and telecommunications companies abroad.
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Investing: Taming China's Dragon Market
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Virgin Group chief Richard Branson said yesterday he has earmarked US$300 million for a cellular phone joint venture on the Chinese mainland, the world&#39;s largest mobile market by users.
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Alibaba Group, the Chinese Internet  firm, will seek a stronger voice for its management team in  Microsoft's talks to acquire Yahoo, Alibaba's largest  shareholder, a source said on Monday.
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HONG KONG - Virgin is planning to launch a mobile phone service in China as a 50-50 joint venture with a Chinese company within a year to 18 months, according to reports.
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CHINA Life, China&#39;s largest life insurer, might start investing in overseas financial markets before the end of the year, state media reported yesterday.
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EBay Inc. on Tuesday confirmed it  is forming a venture with a Chinese partner as the U.S. Web  auction giant switches strategies for tapping China, a  promising market where it has so far struggled.
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Alibaba.com Ltd., one of China's fastest-growing technology companies, reached its goal of raising $1.5 billion in its initial public offering Saturday, people close to the deal said.
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You may be more invested in China than you thought -- now or very soon.
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Lion Nathan has been involved in the Chinese brewing industry since 1995 and its operations there employ more than 1,300 people, and produced 142 million litres of beer in the 2003 fiscal year.
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TRANS-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million ($219 million).
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Walt Disney Co and four Chinese investment firms are set to take an 11 percent stake in the National Basketball Association's Chinese subsidiary, the professional basketball league said on Monday.