Tag archive for ‘China’
By businessnewstoday On Saturday, August 4th, 2018

Heineken to acquire minority stake in Chinese brewing company CR Beer in $3.1bn deal

(adsbygoogle = window.adsbygoogle || []).push({}); Drinks acquisition news : Dutch brewing company Heineken has agreed to acquire a stake of 40% in CRH (Beer) Limited (CBL), the owner of Chinese brewing More...

By businessnewstoday On Sunday, April 22nd, 2018

Hyatt Hotels opens Grand Hyatt hotel in Xi’an in China

US hospitality company Hyatt Hotels has opened a new Grand Hyatt hotel in Xi’an in the Chinese province of Shaanxi to continue its brand expansion in Northwest part of the country. The new Grand Hyatt hotel in More...

By businessnewstoday On Saturday, March 31st, 2018

Danish Crown subsidiary takes majority stake in Shanghai Natural Casing

Food acquisition news : DAT-Schaub, a subsidiary of global meat processing company Danish Crown is all set to expand its operations in China with the acquisition of a majority stake in Shanghai Natural Casing Company, More...

By businessnewstoday On Saturday, March 17th, 2018

SharkNinja to launch cordless vacuum cleaner and steam mop product in China

SharkNinja, a US vacuum cleaner manufacturer is set to foray into China from next onwards with the launch of its floor cleaning products – the Shark IONFlex 2X DuoClean Cordless Ultra-Light Vacuum, a cordless More...

By businessnewstoday On Sunday, February 18th, 2018

HECL to distribute Cardax astaxanthin dietary supplement ZanthoSyn in China

Cardax, a Hawaii-based pharma company has inked a purchase agreement with Hong Kong-based Health Elite Club (HECL) for distribution of ZanthoSyn, its astaxanthin dietary supplement for inflammatory health and longevity, More...

By businessnewstoday On Saturday, February 10th, 2018

PSA buys controlling stake in Chinese auto spare parts distributor Jian Xin

French car manufacturer Groupe PSA has purchased a controlling stake in Jian Xin, a Chinese auto spare parts distributor for an undisclosed price, in a move to boost its presence in the Chinese market. The transaction More...

By businessnewstoday On Sunday, December 24th, 2017

UK toy retailer Hamleys opens flagship toy store in Beijing

China retail industry news : UK toy retailer Hamleys has opened a new store in Beijing, which is its third toy store in China and its largest store worldwide. The new Hamleys toy store in Beijing is located in Wangfujing, More...

By businessnewstoday On Tuesday, November 21st, 2017

Alibaba to invest $2.87bn in Chinese hypermarket chain Sun Art Retail

Retail acquisition news : E-commerce giant Alibaba Group will invest HK$22.4 billion ($2.87 billion) for an equity stake in Sun Art Retail Group, a Chinese hypermarket chain operator to expand itself in the offline More...

By businessnewstoday On Wednesday, November 15th, 2017

Shanghai Pharma to buy Cardinal Health China pharma distribution for $557m

Pharma acquisition news : In the latest pharma industry news, Shanghai Pharmaceuticals has struck a deal to buy the China pharma distribution business of US-based Cardinal Health for $557 million. According to Reuters, More...

By businessnewstoday On Saturday, November 11th, 2017

Pfizer to quit Chinese generic drugs joint venture with Hisun

Pharma industry news : Pharma giant Pfizer will quit from its Chinese generic drugs joint venture Hisun-Pfizer Pharmaceuticals by divesting its 49% stake to Sapphire I (HK) Holdings for an undisclosed price. Hisun-Pfizer More...