Tag archive for ‘China’
By businessnewstoday On Sunday, January 12th, 2020

Western Union joins forces with Du Xiaoman to expand bank account payout in China

(adsbygoogle = window.adsbygoogle || []).push({}); Western Union has joined forces with Du Xiaoman Financial (previously fintech Baidu Finance) and its network of partners to expand its bank account More...

By businessnewstoday On Friday, January 3rd, 2020

Zijin Mining to acquire Buritica gold project owner Continental Gold

Zijin Mining acquisition of Continental Gold : Chinese miner Zijin Mining Group has signed an all-cash deal worth $1.05 billion to acquire Continental Gold, which owns 100% of the Buritica gold project in Colombia. The More...

By businessnewstoday On Saturday, December 28th, 2019

Vale to sell stake in Henan Longyu Energy Resources to Yongmei

Brazilian mining company Vale has agreed to sell the 25% stake it holds in Chinese coal miner Henan Longyu Energy Resources to Yongmei Group for CNY1.065 billion (approximately $152 million) as per the latest mining More...

By businessnewstoday On Monday, December 16th, 2019

Ant Financial, Vanguard create JV for investment advisory services in China

Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The More...

By businessnewstoday On Monday, November 25th, 2019

Swiss insurer Chubb to increase stake in Huatai Insurance in $1.5bn deal

Swiss insurance company Chubb has agreed to purchase an additional stake of 15.3% of China-based Huatai Insurance Group, as per the latest insurance acquisition news. Huatai Insurance Group is the holding company More...

By businessnewstoday On Friday, November 22nd, 2019

Ideanomics’ MEG bags order for 2,300 EV Taxis in China

US-based fintech company Ideanomics said that its Mobile Energy Global (MEG) division has bagged an order for 2,300 EV Taxis from the City of Guilin in the Chinese province Guanxi from QuianXi. Ideanomics said that More...

By Raghuram Kadari On Thursday, September 26th, 2019

Huntkey to launch Oucica car air purifier at Hong Kong trade fair

Huntkey, a Chinese power solutions provider, will introduce and display the new Oucica car air purifier at Global Sources Consumer Electronics Trade Fair to be held from 11-14 October 2019 in Hong Kong. The new More...

By Raghuram Kadari On Tuesday, September 3rd, 2019

XCMG rolls out three new excavators for Indian market

XCMG, a Chinese multinational heavy machinery manufacturing company, has introduced three new excavators designed especially for the Indian market. Launched in Chennai, India, the XE80C, XE104I, and XE125C models More...

By Raghuram Kadari On Tuesday, August 20th, 2019

Sodexo invests in Chinese corporate catering platform Meican

Sodexo through its strategic venture capital vehicle, Sodexo Ventures, has invested in corporate catering platform Meican to further strengthen food services of Sodexo, and boost the Chinese food service industry. Meican More...

By Raghuram Kadari On Tuesday, August 13th, 2019

Brother Enterprises to acquire Lanxess chrome chemicals business for $93m

Lanxess, a US-based specialty chemicals company, has signed an agreement to sell its chrome chemicals business Lanxess CISA to Chinese leather chemicals producer Brother Enterprises for €83.05 million ($93.06 More...