WPP Plc expands into China with its acquisition of IM2.0. The world's biggest advertising company, WPP Plc, is expanding its network to China through the purchase of a digital advertising agency.
Tags: China
China to sell municipal bonds in efforts to wipe out local government debt
Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.
Alibaba knows big data crucial to expanding e-commerce biz
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
FIELDS grocery store closes Series A funding
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Russia-China Investment Fund to acquire forests products group
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
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Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China. A cross strait equity exchange center in Fujian is being set up by China and Taiwan.
For the price of USD1.6 million, Lionbridge Technologies gains a foothold in the Chinese market as well as expand its revenue clientele through the acquisition of E5 Systems.
KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
China, Korea, Japan and Taiwan are some of the possible strategic partners Bandanna Energy was discussing with
Japan and China, two of the biggest US foreign creditors, had expressed their concerns regarding the partial US shutdown, said a Bloomberg report.
The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.
As share values jumped, the bigger issues for the Applied Materials-Tokyo Electron merger would be the regulatory approvals from three countries and the length of time for those approvals to be obtained.
Tesco Plc paid HKD4.33 billion or USD588 million for 20% of its venture with China Resources Enterprise Ltd.
Chinese shoemaker Daphne International's sales performance lead to a sluggish stock performance on the bourse.
