Former
Chinese deal maker, Richard Liu, gave up a salary with seven figures earlier this month to get involved in one of the most talked about financi...
Former
Chinese deal maker, Richard Liu, gave up a salary with seven figures earlier this month to get involved in one of the most talked about financial instruments of our time, initial coin offerings (ICO).
HNA is part of a new breed of aggressive
Chinese deal makers that have risen, seemingly out of nowhere, into the ranks of the global corporate elite.
Not exact matches
Reflective of Far Eastern companies facing roadblocks in reaching the U.S. market,
Chinese mobile
maker Huawei has faced troubles in the U.S. recently as a
deal for it to sell its Mate 10 Pro smartphone collapsed.
Chinese telecom equipment
maker Huawei [HWT.UL] has expressed interest in the project and would be more likely to supply parts to the network if it is
Chinese - led and financed, as has happened in other
deals outside China.
Sichuan Tengzhong Heavy Industrial Machinery Co., a
Chinese industrial products
maker, struck a tentative arrangement to buy last summer, but that
deal (worth a reported $ 150 million) fell through in February after Tengzhong proved unable to secure regulatory approval.
Chinese suitors have faced intense regulatory scrutiny in their pursuit of U.S. chip
makers, leading to some
deals being quashed in recent years.
The most infamous ones include the failed attempt to buy Unocal by Cnooc, a
Chinese state - owned energy giant, in 2005, and the aborted
deal by Huawei, China's leading telecom equipment
maker, to purchase 3Com in 2008.
Graphics - chip
maker Nvidia (NVDA) announced a bunch of
deals with
Chinese companies to provide processors for artificial - intelligence applications in cloud - computing data centers and self - driving cars.
Chinese officials have begun to clamp down on prolific
deal makers like Anbang, whose chairman was recently detained by the police for undisclosed reasons.
That push apparently could not compete with Mr. Trump's concerns about
Chinese money and
deal makers, and with his administration's concerns about
Chinese acquisitions of American know - how.
Among the
deals killed recently by the multi-agency Committee on Foreign Investment in the United States (CFIUS) were Ant Financial's plan to buy U.S. money transfer company MoneyGram International Inc (MGI.O), the purchase by China - backed Canyon Bridge Capital Partners LLC of a U.S. chip
maker and plans by Zhongwang USA, backed by a
Chinese aluminum tycoon, to buy a U.S. aluminum
maker.
A
deal to sell wines through
Chinese retailers has the
maker of McGuigan and Nepenthe wines hoping it can emulate Treasury Wine.
According to Digitimes, LG Display is discussing an AMOLED shipment supply
deal with
Chinese phone
makers Oppo and Vivo.
The company said it had orders for 160 megawatts» worth of solar cells and has signed
deals with a Mexican developer, Sol Pacifico, and Solar Enertech, a
Chinese module
maker backed by the green - tech investor David Gelbaum.
The Debt Securities
Deal of the Year award went to the first offshore green bond issued by a
Chinese automobile
maker.
Among the major
deals announced before work started to wither, Shearman advised medical device
maker Synthes on its proposed $ 21 billion acquisition by Johnson & Johnson,
Chinese social media player Renren on its initial public offering in the United States, and Dow Chemical on its planned $ 20 billion joint venture with Saudi Aramco, which should keep lawyers busy for years to come.
Enough talk of Nexus phones for now (because IFA really isn't the place for that,) but the
Chinese makers own wares have had a habit of impressing us a great
deal in the past 18 months.
First AT&T, then Verizon, and most recently BestBuy have all canceled
deals to carry Huawei phones in their stores, an arrangement the
Chinese phone
maker desperately needed as it seeks to gain traction in the US.
Bloomberg reports that there's a $ 350 million offer for 85 percent of the company from
Chinese state - owned car
maker Dongfeng Motor Corp, and Reuters reports that China's Zhejiang Geely Holding Group (which owns Volvo) has another offer for a majority stake with a
deal between $ 200 million and $ 300 million.
The
deal is likely to bolster the
Chinese phone
maker's presence in the world's third - largest smartphone market.
In December, for example, it reached a
deal with Xiaomi in which the
Chinese phone
maker will pay Qualcomm and has also come to terms with Huawei, ZTE and TCL, meaning that, with Lenovo, it now has agreements with the top five
Chinese phone
makers.
The
Chinese device
maker was expected to announce the Mate 10 Pro would sell through AT&T in the US, but the carrier backed out of its
deal with Huawei at the last minute before the smartphone was announced.
For Qualcomm, the
deal means additional revenue for its licensing business and shows that the company is making slow but steady progress in its effort to get
Chinese phone
makers to pay patent royalties in the wake of an antitrust settlement there.
Security concerns has forced off the
deal between Huawei and AT&T, effdectively ensuring that the
Chinese smartphone
maker enter the US smartphone market on its own
Fisker's potential bankruptcy news followed reports that its attempts to make
deals with
Chinese auto
makers had fallen through, which seemed like the company's last chance to find a deep - pocketed partner of investors.
That's a huge
deal for the
Chinese gadget
maker, which is now the largest smartphone brand in India.
Nokia has announced that it has entered a patent licensing and purchasing
deal with the
Chinese phone
maker Xiaomi.