Berlin has paused the takeover of a small German aerospace company by a Chinese state-run enterprise, the first time that the German government has used its enhanced powers to block foreign acquisitions in strategic sectors of the economy, the Financial Times reports. Cotesa, whose clients include aircraft makers Airbus and Boeing, was going to be […]
Category: Business Practice
A United States government panel has rejected Ant Financial’s proposed takeover of MoneyGram on national security grounds, the companies announced on Tuesday, as the US continues to tighten oversight of Chinese investment, Reuters reports. The collapse of the $1.2 billion deal is a blow for Jack Ma, the executive chairman of Chinese internet conglomerate Alibaba Group, […]
Chinese Trade Minister Zhong Shan pledged that China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, in comments reported by Reuters on Monday. In an article in the latest issue of Communist Party journal Qiushi, Zhong said that the government would […]
The head of Chinese ride-hailing giant Didi Chuxing, which famously forced Uber Technologies to retreat from the mainland market, is preparing for another vicious price-war, the South China Morning Post reports. “If you want war, you will get war,” said Cheng Wei, the co-founder and chief executive of Didi Chuxing, in a recent interview with Caijing […]
Chinese state-owned enterprises are establishing institutional compliance systems for the first time, a response to President Xi Jinping’s new anti-bribery guidelines, according to the Financial Times. China’s State Assets Supervision and Administration Commission, the SOE regulator, has selected a group of state-run companies including China Mobile, Dongfang Electric, China Merchants Bank, China Railway and China […]