China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 28, 2017

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


Deal News

China's 'unicorns' nearly double to 131: official
China had $131 billion worth of private start-ups by the end of 2016, nearly doubling the figure of the year before, said an official with Ministry of Science and Technology.

China's unicorns are spread over 16 cities, but mostly in Beijing, Shanghai, Shenzhen, and Hangzhou. Half of China's unicorns are in Beijing's Zhongguancun, home to China's three super-unicorns worth over $10 billion: Xiaomi, Didi Chuxing, and Meituan. In fact, Zhongguancun is second only to Silicon Valley as the most concentrated area for tech unicorns in the world, the report says.

China's HNA Buys $446 Million Stake in ...

Category: Daily Newsletter 

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By: ChinaDesk | February 23, 2017

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


Deal News

Canada approves sale of retirement home chains to Cedar Tree Investment (Anbang)
The Trudeau government has green-lighted the sale of one of British Columbia’s biggest retirement home chains to a Beijing-based insurance titan with a murky ownership structure in a deal that gives China a foothold in Canada’s health-care sector.


On paper, a majority stake in Vancouver-based Retirement Concepts – believed to exceed $1-billion in value – is being sold to a Chinese-owned company called Cedar Tree Investment Canada. However, Cedar Tree is the company that China’s Anbang Insurance is using to make the acquisition.


Congo Said to Get $100 ...

By: ChinaDesk | February 22, 2017

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


Deal News

Wanda's $1 Billion Bid for Dick Clark Said to Be Facing Hurdles
Dalian Wanda Group Co. is facing obstacles in its $1 billion bid to buy Golden Globe Awards producer Dick Clark Productions Inc. The Chinese conglomerate has had difficulties taking money out of China to pay for the deal. It would be premature to say that the deal has collapsed.


Wanda’s difficulties illustrate how Chinese companies are facing mounting regulatory scrutiny and hurdles obtaining offshore funding in their pursuit of assets abroad. In a similar example, Barrick Gold Corp.’s plan to sell its stake in an Australian mine to a Chinese bidder has stalled as the buyer ...

By: ChinaDesk | February 17, 2017

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


Deal News

TVB’s second-largest shareholder says it rejects buyback offer
The plan by Chinese media mogul Li Ruigang to tighten his grip on Hong Kong’s main free-to-air television broadcaster may be heading for a messy tussle, after TVB’s second-largest shareholder today declared its opposition to a HK$4.21 billion buyback proposal.


Silchester International Investors LLP, a London-based fund owning 14.1 per cent of Television Broadcasts Ltd, or TVB, said the January 24 buyback -- revised on February 13 -- was “essentially a disguised nil premium takeover attempt” by the controlling shareholder Young Lion Holdings, at a time when TVB and its share pr...

Category: Daily Newsletter 

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By: ChinaDesk | January 21, 2017

A Newsletter on Deal Making in China


Deal News


Tencent, Hillhouse Capital take stakes in Aviva Hong Kong
China's Tencent Holdings and hedge fund Hillhouse Capital, headed by billionaire Zhang Lei, are taking stakes in British insurer Aviva's Hong Kong business, the insurer said on Friday. Aviva said it and Hillhouse will each hold 40 percent of Aviva Hong Kong on completion of the deal, while Tencent will own the rest.


Tencent, which is among the backers of Chinese Internet insurer Zhong An Online Property and Casualty Insurance, has also invested in online insurer HeTai Life.


ChemChina seeks U.S. anti-trust approval for Syngenta deal
ChemChina, said on Friday it has sought the U.S. anti-trust regulator's approval for...