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

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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 | April 20, 2017

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

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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

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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 | November 11, 2016

A Newsletter on Deal making in china

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Source: Bloomberg

Deal News

 

 

Trump Victory Puts Nail in Coffin of China M&A Ambitions
There are two things that M&A bankers hate: protectionism and uncertainty. Donald Trump's unprecedented election win delivered both, and has the potential to slash the number of Chinese companies snapping up American assets.

 

Trump's protectionist rhetoric is no secret, so it stands to reason that U.S. rejections of Chinese transactions will probably increase. That openly hostile view isn't good news for deals that come under review by competition watchdog CFIUS, although HNA Group Co.'s $6 billion offer for computer hardware distributor Ingram Micro Inc. did win approval recently. U.S. lawmakers are also railing against a Ch...