China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 07, 2017

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

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Source: China Business News

Deal News


Alibaba’s arch rival JD.com spins out its financial services business
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.

 

JD.com Inc. agreed to sell its finance arm while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for f...

Category: Daily Newsletter 

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By: ChinaDesk | February 08, 2017

A Newsletter on Deal Making in China

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Deal News

China M&A: Cross-border deals worth $75bn were cancelled in 2016, Baker McKenzie and Rhodium say
The value of cancelled Chinese overseas acquisition deals stood at $75bn in 2016, which was over seven times the $10bn worth of scrapped deals seen in 2015, according to an analysis by law firm Baker McKenzie and researcher Rhodium.

 

Regulatory and foreign exchange restrictions led to the failure of 30 Chinese acquisitions with European and US companies. While 10 US deals worth $58.5bn were scrapped, Europe saw 20 deals worth $16.3bn being cancelled. China's foreign exchange watchdog is said to have imposed most restrictions in 2016 over cross-border deals as part of its efforts to save...