Yunfeng Capital has joined a bidding war to take NASDAQ-listed Chinese health check up firm iKang Healthcare Group, Inc. private, proposing an all-cash deal and positioning itself against two earlier rival bids. In an announcement, Yunfeng Capital, established by Alibaba Group Holding Ltd.'s founder Jack Ma and David Yu, says it would pay US$20 to […]
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The eighth China-US Strategic and Economic Dialogue (SED), the flagship dialogue started in 2009 to facilitate cooperation between the two largest economies in the world, will likely focus on bilateral investment treaty, China's excess capacity and the RMB exchange rate scheme, says a research note by Mizuho Securities Asia Ltd. This year, the China delegation […]
Baidu, Inc., Tencent Holdings Ltd. and JD.com, Inc. have agreed to invest US$50 million in Bitauto Holdings Ltd, an Internet content and marketing services for China's fast-growing automotive industry, according to an announcement. At the same time, Bitauto has agreed to issue convertible bonds to Asian private equity firm PAG worth as much as US$150 […]