Fosun Group, the largest private conglomerate in China, has been on what looks like a no holds-barred acquisition spree for a few years now. It controls the largest number of listed companies in China. It has invested in sectors as diverse as fashion, films and tourism outside China, whereas within China, the company relies heavily on its industrial operations. It is known for having a good relationship with the government, yet last year, Fosun’s founder suddenly disappeared to supposedly assist a graft investigation. How has Fosun scaled up? How do the acquisitions tie in with its business model? And will it realize its ambitions of becoming China’s Berkshire Hathaway?
China Roundup: Shanghai Stock Exchange Boom Has a Zero too Many
This week, trading on the Shanghai Stock Exchange exceeded RMB 1 trillion causing a major software glitch; China’s factory activity slowed (again); and Visa and MasterCard finally got a level playing field.
China Roundup: Is the Chinese Economy Rebalancing?
Tencent launched China’s first private bank, local governments vowed to crack down on ride-hailing apps, and with China set to miss its growth targets, it is being speculated that the much needed economic rebalancing has finally kicked in.
Chinese Outbound Investment in Entertainment: Pass Me the Popcorn!
Chinese outbound investment in entertainment is growing phenomenally. A look at the big deals like Dalian Wanda’s purchase of US-based AMC Entertainment.
Chinese Outbound Investment in Real Estate: Brick by Brick
Anbang Insurance’s purchase of New York’s iconic Waldorf Astoria Hotel stunned many, but it’s only the tip of the Chinese outbound investment iceberg. In the first of our series on Chinese outbound investment, we take a look at the biggest real estate purchases made by Chinese companies.
China Roundup: Qihoo 360 Launches a VC Fund; China’s Trade Numbers Improve; and Electric Cars to Get Cheaper
The week that was: Qihoo 360 heads to Silicon Valley to fund start-ups; CCTV’s latest smear campaign targets Bank of China; China’s trade numbers look up; and electric cars may get cheaper. Qihoo 360 launches its VC Fund in Silicon Valley Qihoo 360, an internet security firm based in Beijing, has just set up a venture […]
China Roundup: Metal-financing Scandal Deepens; FTZ Interest Rate Uncapped; And Fosun’s stake in US Film Studio
The week that was: metal-financing fraud puts small traders in risks; forex interest rate liberation expands in Shanghai; Xunlei files for IPO; and Fosun buys into US film studio. China’s metal-financing scandal: ramifications Missing stockpiles of metals used as collateral to secure bank loans at China’s third largest port has caused domestic and international lenders to […]
China Roundup: China’s Slowing Economy; Tencent’s Profits Up; and Facebook’s China Office
The week that was: China’s slowing economy; Tencent profit rises on growth in online games; Alibaba battles fakes; and Facebook will finally dip its toes in Chinese waters with a Beijing office (but won’t scale the Great Fire Wall). A slower Chinese economy? Get used to it Last week’s surprisingly solid trade numbers (exports and […]
China Roundup: China Powers US Business Growth; Fosun’s Silicon Valley Venture Arm; and China’s Manufacturing Woes
The week that was: China’s manufacturing activity is still in contraction; US multinationals report robust growth in Chinese operations; and Fosun sets up $100 million venture capital arm in Silicon Valley. China April flash PMI still below 50 A sneak peak of China’s manufacturing activity in April by Markit and HSBC shows that the sector […]
China Roundup: Tencent buys into China’s Yelp; Dongfeng offers a lifeline to Peugeot; and Fosun might buy Forbes
The week that was: State-owned automaker Dongfeng Motor Corporation invests in ailing French company PSA Peugeot Citroen; Xiaomi enters the Singapore market with a splash; and Tencent acquires a 20% stake in Dianping.com. Dongfeng ties up with Peugeot Chinese automaker Dongfeng (which means “east wind”) is spending $1.1 billion to buy a 14% stake of […]
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