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M&A

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A casual approach

Billionaire Chengs in surprise Giordano move
Jul 8, 2022 (WiC 592)

Hong Kong clothing brands are out of fashion with Chinese consumers. That diminished appeal was epitomised last week by how little attention was given to a proposed takeover of one of the city’s biggest casual wear labels. The apparel brand ...

Shortages afoot

Chinese firms’ lithium rush gathers pace
Apr 29, 2022 (WiC 582)

“Do you like minting money?” Tesla’s CEO Elon Musk asked during the company’s first quarter results meeting on April 20. If the answer is yes, then he suggested that the lithium mining and processing business “is for you”. It might ...

Activision buy sets up Tencent metaverse battle
Jan 28, 2022 (WiC 571)

If the way that the metaverse is being built is indicative, it is going to mirror many of the world’s geopolitical tensions rather than provide a means to escape them. That’s already apparent in how the media is talking about these virtual ...

Going the distance

Volvo buys full control of a Chinese truck maker
Sep 3, 2021 (WiC 554)

Gone are the days when Swedish truck maker AB Volvo wondered if it would ever get a Chinese joint venture off the ground, never mind produce a vehicle. “They were faking all sorts of figures,” said one Scandinavian executive in 2003, ...

Transfer pricing

Jiangsu government rides to Suning’s rescue
Jul 9, 2021 (WiC 548)

Over the years football fans have learned to take media reports about player transfers with a pinch of salt. Don’t count on the biggest deals going through until you see the newly-signed player waving the team scarf above his head at a press ...

Best foot forward

Fosun ties up deal for shoemaker Sergio Rossi
Jun 25, 2021 (WiC 546)

For high-end brands price hikes are a means to hedge against cost inflation and currency moves. But during the pandemic they have been used rather more dramatically to keep profits flowing amid store closures in many markets. Louis Vuitton has ...

Set to fly high in Hainan?

How Fosun seems to have skirted Beijing’s crackdown on ‘acquisitive’ firms
May 28, 2021 (WiC 542)

HNA and Fosun were two of the world’s busiest dealmakers in 2017. HNA was at the height of a $40 billion spending spree, gobbling up assets that ranged from a 5% stake in Deutsche Bank to trophy office space in Manhattan. Fosun was going ...

How a mega-merger in Indonesia has fanned the Alibaba-Tencent rivalry
May 28, 2021 (WiC 542)

The trajectory of China’s economic resurgence would likely be very different were it not for the wealthy Chinese diaspora across Southeast Asia. Sharing the same language as well as cultural affinities, successful businessmen in the so-called ...

Calling it quits

Danone offloads entire stake in Mengniu
May 21, 2021 (WiC 541)

When Danone broke up with its first Chinese partner Wahaha in 2007, it set off such a ruckus that the then French President Nicolas Sarkozy felt compelled to step in and raise the issue with Chinese leaders during a state visit to Beijing (see ...

Screening process

Will South Korea sell MagnaChip to China?
Apr 9, 2021 (WiC 535)

The world’s media has been focused on how the White House is frustrating China’s bid for technological self-sufficiency. But in South Korea all eyes are currently trained on the Blue House. At the end of March, the official presidential ...

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