AACo’s new recruit, Jessica Rudd, is also the owner of Jessica’s Suitcase, an online business selling infant products and food and health supplements into China. Photo: Glenn Hunt Ms Rudd has more to her CV…
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Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai…
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
Morgan Stanley is upbeat about China’s ‘new economy with scale’
Morgan Stanley is bullish on China as IPO activity picked up The investment bank is talking to more than a hundred companies, including “new economy” businesses Aside from the changing mix of firms with which…
Tencent-backed Yixin’s IPO is Hong Kong’s 10th hottest ever as investors eye China’s online car sales growth
Yixin Group, China’s largest online car retailer, has priced its highly-anticipated initial public offering at the upper end of the price range to raise a total HK$6.77 billion (US$870 million), as investors eye the rapid…
Time to revive Hong Kong’s enviable IPO past
“To boost Hong Kong’s status as a centre for IPOs requires regulators, intermediaries and investors to work together to build an ecosystem that can attract companies which represent the ‘new China’ story,” says Houston Huang,…
IPO of Tencent-backed Sogou part of China tech’s offshore M&A push
The New York initial public offering of Chinese search engine Sogou has put the company in prime position to buy foreign artificial-intelligence start-ups, the chief executive said. The Tencent-backed company raised $585m in its debut…
Amazon agrees to sell its cloud business in China for $300 million
Amazon has agreed to sell its China web services business to Beijing Sinnet Technology Co. for $300 million. Beijing Sinnet began operating the services in August 2016. (Reuters) – Amazon.com Inc’s Chinese partner, Beijing Sinnet…
China’s economy cools as government curbs hit factories, property and retailers
China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. Beijing is already in the second…
China premier says will protect South China Sea freedom of navigation
BEIJING (Reuters) – China will firmly safeguard freedom of navigation and overflight in the South China Sea, Premier Li Keqiang said on Tuesday at a regional summit in Manila, state news agency Xinhua reported. “Li…
Global shares mixed, China data disappoints
CHINA WATCH: China’s industrial value-added output expanded … The euro strengthened to $1.1691 from $1.1656. AP Business Writer Yuri Kageyama can be reached at https://twitter.com/yurikageyama Her work can be found at https://www.apnews.com/search … ( read…
China and Vietnam agree to ‘maintain peace and stability’ in disputed South China Sea
Hoang Dinh Nam/Pool Photo via AP China and Vietnam released a joint statement saying that they would work together to maintain “peace and stability” in the South China Sea. Chinese President Xi Jinping met with…
