Haikou, Hainan province-based Chinese conglomerate HNA Group Co., Ltd. has agreed to acquire air cargo services firm Swissport International Ltd. from European private equity firm PAI Partners for approximately US$2.8 billion, according to a company announcement. HNA Group, the parent of China's Hainan Airlines, is buying 100% of Swissport. The deal will compliment the group's […]

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Shanghai-based digital media and display advertising firm Focus Media Holdings Limited is seeking other ways to re-list in China, as the shell company in its previously planned back door listing deal becomes entangled in a potentially lengthy investigation. The company may consider a listing on the strategic emerging board, which the Shanghai Stock Exchange Plans […]

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Hong Kong-listed ramen restaurant chain operator Ajisen (China) Holdings Limited has led a US$70 million investment in Baidu Waimai, the food delivery O2O (online-to-offline) platform launched by Chinese search engine Baidu Inc., according to a regulatory filing. A subsidiary of Ajisen, named Ajisen Investments, together with Chinese private equity investment firm, the Hina Group Holdings, […]

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In an astounding cock-up of monumental proportions (because it could so easily have been avoided by spending a few minutes searching around the web), the UK government has accused Ai Weiwei of lying on his application for a UK visa….