China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | April 28, 2017

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


Deal News

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion
Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Less than a year after raising almost $3 billion, Chinese ride-hailing giant Didi Chuxing is on the cusp of adding a further $5 billion or more to its arsenal.


Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company. Clearly, Masa is a fan of the collaborative approach being taken by Didi, which stands at loggerheads with Uber's combative style. That...

By: ChinaDesk | February 21, 2017

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


Deal News

Dealmakers Battle for Chance to Run World's Biggest Chemical Company
It’s a battle of two great deal makers and the prize is potentially the chance to run the world’s largest chemical company.


On one side is Sinochem Group boss "Frank" Ning Gaoning, who is said to be in talks for a second major deal with global commodities trader Noble Group Ltd. On the other is Ren Jianxin, chairman of China National Chemical Corp., or ChemChina, whose $43 billion offer to buy Swiss pesticides-and-seeds maker Syngenta AG is currently wending its way through official reviews.


China wants to merge Sinochem and ChemChina as part of the ce...

By: ChinaDesk | January 17, 2017

A Newsletter on Deal Making in China


Deal News

China Exim Bank fund buys Hungary's Invitel from Mid Europa
The China-CEE Fund, which is backed by China Exim Bank and invests in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of EUR202 million ($214 million).

Syngenta CEO expects regulatory approval for ChemChina deal soon: CNBC
Syngenta Chief Executive Erik Fyrwald expects regulatory approval soon for ChemChina's proposed $43 billion takeover of the Swiss pesticides and seeds group, he said on Monday. "I am very confident that we will finish the deal.

Billionaire Li Ka-Shing to Acquire Duet in $5.5 Billion Deal
Hong Kong billionaire...

By: ChinaDesk | January 11, 2017

A Newsletter on Deal Making in China


Deal News


Alibaba leads $2.55 billion bid for Chinese retailer Intime
E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.


The bid for the remaining 63% of Intime carries a generous 52% premium to the company's average price over the last 90 days. That's twice the average four-week premium for similar retail bids in Asia, and looks pricey.


The deal to buy out Intime adds to Alibaba’s burgeoning foothold in physical retail as it pursues growth beyond a slowing online business. Control of Intime will also allow the e-commerce g...

By: ChinaDesk | January 04, 2017

A Newsletter on Deal Making in China


Deal News


Record Deal Making in 2016 Pushes Cumulative Chinese FDI in the US above $100 billion
The United States became the largest recipient of booming Chinese outbound FDI in 2016, with $45.6 billion worth of completed acquisitions and greenfield investments. Although that surge and future investment faces a “major downside risk” under a Donald Trump presidency, a new report by the research firm Rhodium Group predicts.


Suning Commerce Group to buy Tiantian Express for 4.25 billion yuan
Chinese retail giant Suning Commerce Group Co Ltd announced on Monday that it plans on spending 4.25 billion yuan ($612.13 million) to buy Hangzhou-based logistics company Tiantian Express, in a bid to offer expand...