Topic
42 stories in this topic
New Zealand honey business Comvita has entered into a conditional agreement to acquire the remaining 49 per cent of its China joint venture, Comvita Food Ltd and Comvita China Limited. The acquisition will be funded through the issuing of 4.05 million new…
CapitaLand has formed a 50:50 joint venture with an unrelated third party to acquire approximately 70% of Pufa Tower in Shanghai, China, for RMB2,752 million (about S$546.3 million). The operational office property has been identified as a seed asset for a…
Tencent has teamed up with ParknShop and Yonghui Superstores to create a new combined grocery chain ParknShop Yonghui. The joint venture, valued at US$170 million, aims to help Shanghai-listed Yonghui expand its business outside of the southern province of…
German luxury carmaker BMW announced a plan to take control of its China joint-venture, the first foreign automaker to take advantage of Beijing’s new ownership rules for the sector. BMW will acquire a further 25 per cent stake in the venture with Brilliance…
Japan-based e-commerce platform Inagora is teaming with Thailand’s CP (Charoen Pokphand) Group to boost its China business. The joint venture is also researching expansion into Southeast Asia. Inagora targets Chinese shoppers seeking Japanese goods. It boasts…
Despite a profit decline for its latest year, UK luxury leathergoods company Mulberry Group plans to form a JV to develop its business in South Korea. It says it has signed an agreement with SHK Holdings to form Mulberry (Korea) Co. It will own 60 per cent of…
Mulberry Group PLC (MUL.LN) said Wednesday that fiscal 2018 pretax profit declined 8% and that it will form a new majority-owned joint venture to develop its business in South Korea. The luxury leather-goods company said it has signed an agreement with SHK…
Japanese e-commerce site Rakuten and consumer electronics retailer Bic Camera are considering a JV that will marry virtual and real stores. They expect to sign a basic agreement soon with a view to setting up their partnership early next year to work toward…
Air France and Vietnam Airlines are establishing a joint venture for their services between Paris Charles de Gaulle and both Hanoi and Ho Chi Minh City. The two SkyTeam carriers say in a joint statement that the arrangement, effective 1 November, will allow…
UPS and SF Holding, the parent company of SF Express, have announced the approval of their planned joint venture by China’s Ministry of Commerce (MOFCOM). The JV enables UPS and SF to collaborate on development and provision of international delivery services…
British sportswear retailer JD Sports Fashion has formed a joint venture to enter the South Korean market. It is partnering with footwear retailer Shoemarker and its J&S Partners unit, which trades as Hot-T . It has bought an initial 15 per cent of Hot-T fo r…
Retail property developer Central Pattana (CPN) has set up a JV with British retail giant Tesco to co-develop property in the Thai market. The Central Group subsidiary has told the Stock Exchange of Thailand (SET) that the new company, Synergistic Property…
China Telecom has agreed to extend its partnership with AT&T to cover the development of more advanced network services for multinational companies operating in China. The operators have signed a framework agreement to explore ways to develop new IoT,…
UPS and SF Holding, the parent company of SF Express, today announced plans to establish a joint venture and collaborate to develop and provide international delivery services initially from China to the US, with expansion plans for other destinations.…
China’s fourth-largest automaker Chongqing Changan Automobile Co Ltd and Nio, an electric car startup formerly known as NextEV, will form a joint venture to cooperate on researching and selling electric cars, Nio said on Sunday. China is aggressively…
Vietnam Television (VTV) and HCM Communist Youth Union on Monday announced a new TV programme titled “Startup Nation,” which is expected to promote startups inVietnam. The announcement was witnessed by Deputy Prime Minister Vương Đình Huệ, Minister of Science…
