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

Source: China Business News

Deal News

Alibaba’s arch rival spins out its financial services business
Chinese online retailer 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. 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 | 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 | October 28, 2016

A Newsletter on Deal Making in China


 Deal News


China courier ZTO delivers year's biggest U.S. IPO

Chinese package delivery company ZTO Express raised $1.4 billion (1.14 billion pounds) in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry, a source familiar with the deal said.  

But the stock fell 15 percent from the company's IPO price, despite having raised more than expected at $1.4 billion the night before. The stock performance showed that underwriters may have overestimated investors' enthusiasm


China's WH Group says CDH plans to cut stake to 8.18 percent in $1.4 billion share sale
China's WH Group Ltd (0288.HK), the world's largest pork supplier, ...