Fosun International Ltd. is acquiring a controlling stake in Sichuan Tuopai Shede Group Co., boosting its presence in the coveted baijiu liquor sector as the Chinese conglomerate led by billionaire Guo Guangchang pivots inward for growth. Fosun will buy a 70% stake in the liquor and spirits maker for 4.53 billion yuan ($694 million) in cash, […]
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China’s state-owned pipeline giant agrees to buy Kunlun Energy assets for US$6.3 billion as consolidation gathers steam
A section of the China-Russia east-route natural gas pipeline in Heihe, northeast China’s Heilongjiang province. China’s pipeline network behemoth signed a US$6.3 billion asset purchase in the latest step to bolster the nation’s energy security and break down market barriers. Kunlun Energy Will sell a 60 percent stake in a Beijing natural gas pipeline and […]
Uniqlo to make its debut at 3rd CIIE
Japanese clothing brand Uniqlo will make its debut at the upcoming China International Import Expo with a 1,500-square-meter exhibition area named “Museum of Tomorrow”. As the largest booth in the expo’s consumer products section, Uniqlo will showcase several of its innovations involving arts and science collaborations. Read the full article here… Create a Highly Engaged […]
Powering the world with solar boost
Longi Green Energy Technology, a major Chinese manufacturer of monocrystalline silicon photovoltaic products, will continue to expand the production capacity of its overseas plants. Its overseas revenue exceeded 7.654 billion yuan ($1.12 billion) during the first half of this year, accounting for 38 percent of its total revenue. The company’s major overseas markets, including the […]