China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | February 24, 2017

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

CDNetorks_Korea_Wangsu_Science_Technology _China_M&A_News

Deal News

Content Delivery Specialist Goes Global with $186 Million Purchase
Shenzhen-listed Internet services provider Wangsu Science & Technology Co. Ltd. said it has agreed to buy South Korean peer CDNetworks for 21.1 billion yen ($185 million) in a bid to quickly expand its content delivery services outside its home market.

Wangsu is buying about 85% percent of CDNetworks’ shares from KDDI Corp., one of Japan’s leading wireless carriers. KDDI bought its CDNetworks stake in 2011 for $167 million with a similar aim of extending its own global reach by tapping the South Korean company’s network.


HNA Buys Controlling Stake in Oil and Gas Dis...

Category: Daily Newsletter 

Tags: Venture Capital, Alibaba, IPO, ChemChina, Ant Financial, Huawei, Anbang, Jack Ma, Hony Capital, Ofo, China Construction Bank, LeEco, Lazada, CIC, Acquisitions, HNA Group, Jia Yueting, Syngenta, Matrix Partners China, CRRC, Retirement Concepts, Private Equity, China M& A, SF Express, CreditEase, IDG Capital, Recon Group, Millennium Films, Noble Group, Softbank, CloudMinds, Sinochem, Fincantieri, Maanshan Dingtai Rare Earth, China M&A News China Newsletter Mergers, Wangsu Science Technology, CDNetworks, Zhejiang Haiyue, ZTE Corp, Tang Ning, AT Zuche, Logan Property Holdings, KWG Property Holdings, China State Shipbuilding Corp, Barcelona, Mission Hill Group, EBay China, CSUN, Victoria s Secret China, Ding Xuedong 

By: ChinaDesk | November 23, 2016

A Newsletter on deal Making in China

Source: Xinhua

Deal News


China may name first SOEs to be restructured by year-end: paper
China may name the first of its state-owned enterprises (SOE) to be restructured under a mixed-ownership system by the year-end, the business paper China Securities Journal reported on Tuesday, citing unnamed sources.


Beijing has made reform of its huge, uncompetitive SOEs a priority as weak global demand weighs on economic growth and excess capacity and idle workers bleed what precious resources companies have at their disposal. The paper said that the State-owned Assets Supervision and Administration Commission (SASAC) plans to hold a meeting with SOEs to advise on restructuring plans and the next steps.


Showdown Looms as U...

By: ChinaDesk | November 18, 2016

A Newsletter on Deal Making in China


Deal News


Vestas considers buying China's United Power
Danish wind turbine maker Vestas is looking at buying Chinese competitor United Power, reported on Friday. The report said several independent sources, with knowledge of both Vestas’ and United Power’s strategies, had confirmed that a takeover or a partial takeover was on the table.


Deutsche Bank says sells China's Hua Xia Bank stake for $3.37 billion
Deutsche Bank said on Friday it has sold its 20 percent stake in Chinese lender Hua Xia Bank for a total sum of around 23.2 billion yuan ($3.37 billion) to PICC Property and Casualty Co.


Suning-Controlled PPTV Buys English Premier League TV Rights For Record $700M
The English Premier L...

By: ChinaDesk | November 08, 2016

A Newsletter on Deal Making in China


Deal News


Evergrande seeks $33 billion valuation for Shenzhen listing of property assets
China Evergrande Group said it is seeking a market value of $33.7 billion in its Shenzhen backdoor listing that will house most of its property assets, according to a document for investors seen by Reuters on Monday.


Chinese peer-to-peer lender Lufax sees IPO helping local, overseas growth: CEO
Lufax, China's biggest peer-to-peer lending and wealth management platform, sees a potential listing helping to fund expansion at home and abroad, though it has set no specific timeline for a deal, Chief Executive Officer Gregory Gibb told Reuters in an interview on Monday.


China Inc.’s Investment Bank Dives Into Troub...

By: ChinaDesk | October 20, 2016

A Newsletter on Deal Making in China


Deal News

Alibaba, Suning to set up e-commerce firm
Chinese ecommerce giant Alibaba Group Holding Ltd and retail giant Suning plan to invest 1 billion yuan ($148 million) to set up an ecommerce firm inChongqing, a move that is likely to intensify their competition with Inc, 

Alibaba's online platform Taobao has acquired 1.8 billion shares from Suning for 28.2 billion yuan in June,making it the secondbiggest shareholder of the country's largest home appliances retailer with a stake of just under 20 percent.

JPMorgan in talks to sell out of Chinese securities JV
JPMorgan Chase & Co is in talks to sell out of a Chinese securities joint venture with First Capital Securities Co Ltd in what wo...