China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | April 20, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals


Deal News

China's Bright to sell Weetabix to Post Holdings in $1.76 billion deal
China's Bright Food Group Co Ltd has agreed to sell iconic British cereal brand Weetabix to U.S. cereal company Post Holdings for $1.76 billion, a spokesman for the Chinese conglomerate said on Tuesday.


Bright Foods sells brand to US owner of Shredded Wheat and Bran Flakes after too few Chinese choose Weetabix for brekkie. The unchallenging cereal biscuit has failed to find favour in the far east – it couldn’t compete with the pork buns.


Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B
Ant Financial, the Aliba...

By: ChinaDesk | April 13, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals


Deal News

China's Baidu buys U.S. computer vision startup amid AI push
Chinese internet firm Baidu Inc has agreed to acquire U.S. computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in U.S.

xPerception, which makes vision perception software and hardware with applications in robotics and virtual reality, is founded by two former engineers from Magic Leap, a U.S. augmented reality startup.

China-backed fund to acquire Xcerra for $580 million
Sino IC Capital, a technology-focused private equity fund manager backed by the Chinese government h...

By: ChinaDesk | April 07, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals


Deal News

Unicom may get private-sector investor, pioneering next stage of China’s SOE reform
China Unicom, with the world’s sixth-largest network of mobile phone users, is poised to announce an investment by a private-sector investor, becoming a test case in the country’s reform of state-owned enterprises.


In a regulatory filing late on Wednesday, Unicom said its parent, China United Network Communications, aims to push forward with implementing the central government’s so-called mixed-ownership reform plan involving investors from the mainland’s private sector.


China Wins F.T.C. Approval to Buy Syngenta
The China National Chemical Corpor...

Category: Daily Newsletter 

Tags: China, Venture Capital, ChemChina, Ant Financial, China Newsletter, Bao Steel, Analogix Semiconductor, Banyan Capital, Fountainvest, Redpoint, Shandong Gold Mining, Veladero, CWT, Sequoia China, China Unicorn, Toutiao, Mergers, Acquisitions, HNA Group, IMAX China, Souche, Syngenta, Barrick Gold, SAIC Motors, Private Equity, General Motors, CMC Capital, Hillhouse Capital, MoneyGram, Zhaopin, China M& A News, Huishan Dairy Holdings, SOE Reform, Wyre, Remitsy, CapCo, Westinghouse, Indigo, Kunming WuhuaHealth, Fresenius Medical Care, W L Ross & Co, Volkswagen, Mobvoi, Shanghai Mime Financial, Haier Capital, Xiyu Capital, Panda Capital, Davdian, Eight Roads Ventures, Asia Climate Partners, United PV, Mama, Chenhui Venture Partners, Syscloud, SIG, Laidian, DCL Investments, Hisense, FIFA, Tink Labs, Amazon China, XiongAn New Area 

By: ChinaDesk | April 03, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals


Deal News

China's Creat makes 1.2 billion euro bid for German blood plasma firm
Chinese investor Creat Group Corp has offered to buy German blood plasma products maker Biotest for about 1.2 billion euros ($1.3 billion) including debt following its purchase last year of British peer Bio Products Laboratory.

Biotest Chief Executive Bernhard Ehmer told a news conference on Thursday that Creat had not been the only potential bidder to approach Biotest about a deal but it chose to talk to Creat because its proposal was "thought through".

HNA, Apollo Global among bidders vying for HSH Nordbank: sources
Chinese conglomerate HNA Group and Apollo Glob...

By: ChinaDesk | March 30, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals


Deal News

Tencent of China Takes 5 Percent Stake in Tesla

Chinese tech giant Tencent Holdings Ltd. has bought a 5% stake in U.S. electric vehicle maker and renewable energy firm Tesla for US$1.78 billion. This is a deal that gives investors much to anticipate as the two could potentially partner on many areas.

Tencent now holds 5% of Tesla's outstanding shares and has become the fifth-largest shareholder of the company. It joins a distinguished list of key shareholders, including CEO Elon Musk (21%) and investment firms Fidelity (14%), Baillie Gifford (8.2%), and T. Rowe Price (7.3%). Tencent's stake is very strategic, far from a mere financial play. The...