China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | January 20, 2017

A Newsletter on Deal Making in China

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Deal News 

 

China's Oceanwide, IDG Capital to buy tech publisher IDG
International Data Group, the owner of PCWorld magazine and market researcher IDC, on Thursday said it was being acquired by China Oceanwide Holdings Group and IDG Capital, the investment management firm run by IDG China executive Hugo Shong.

 

It is the latest technology and media asset to be sold to Chinese investors, following deals for U.S. companies last year such as television producer Dick Clark Productions, and customer satisfaction firm J.D. Power and Associates. Terms of the deal were not disclosed. Reuters previously reported that IDG was seeking around $1 billion.

 

Innotech targets Asia with US marketi...

By: ChinaDesk | January 13, 2017

A Newsletter on Deal Making in China

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Deal News


China Vanke's No. 2 shareholder sells stake to Shenzhen Metro amid power tussle

Property developer China Vanke, embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group will sell its entire 15.31 percent stake to Shenzhen Metro Group. The transaction is estimated to total 37.2 billion yuan ($5.40 billion).

 

It was not immediately clear if such a move would help Vanke fend off its biggest shareholder, financial conglomerate Baoneng which has built up a 25 percent holding and has sought to oust management. It would also fall short of a previous Vanke plan to make Shenzhen Metro its No. 1 shareholder through an asset s...

By: ChinaDesk | September 24, 2016

A Newsletter on Deal Making in China

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Deal News


Sony unit, Dalian Wanda in tie-up to tap China’s huge movie market

Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year.

Wanda said in a statement on its website the tie-up would use its consumer-facing infrastructure to bolster Sony Pictures' presence in China.The alliance will help Wanda extend its Hollywood footprint and further Wang's goal of making the group a global entertainment powerhouse. Sony will benefit from smoother distribution and playback of its films in China and Wanda will be able to further integrate into ...