Mergers & Acquisitions
  • Alibaba Pictures to buy majority stake in Pony Media – giving it live events producer Damai
  • With Damai, Alibaba Pictures says it will ‘further build brand awareness for its offline entertainment business’

The idea that investment opportunities in China have met their demise is probably overhyped, said Jenny Johnson, president and chief executive officer at global investment management firm Franklin Templeton.

China-focused private equity firms bet on mergers and acquisitions (M&A) in consumer staples and on overseas expansion opportunities as the country’s slowing economy and escalating geopolitical tensions with the west put pressure on exits.


Chinese steel trading website ZG Group, formerly known as, will combine with Hong Kong-listed Aquila Acquisition. The merged entity will be valued at US$1.3 billion.

‘We are at the beginning of a resurgence of M&A activity,’ says Peter Yu, co-head of diversified industries and technology for Asia-Pacific. The marriage of foreign capital and Chinese technology ‘is a powerful theme.’


As August comes to an end, Style rounds up this summer’s 5 biggest timepiece moments, from a significant acquisition to GMT watches made for travel, and more …

Rolex SA is set to buy luxury retailer Bucherer AG in a deal that could boost its presence in consumer sales – so what does it mean for other official dealers?

Big C Supercenter, the Thai supermarket chain, will enter Hong Kong next month and also seek a dual listing in the city and Bangkok as early as the fourth quarter, according to CEO Aswin Techajareonvikul.


The US fried chicken chain Popeyes is making a renewed push in China with plans to open 1,700 outlets across the mainland in the coming decade, as it takes on a clutch of established rivals like KFC and McDonald’s.


ING, the largest lender in the Netherlands, plans to escalate its staff recruitment efforts to meet the growing green finance opportunities across the region, according to the Dutch bank’s head of wholesale banking.

Tyson Foods said this month it is evaluating all operations and closing four more US chicken plants to reduce costs after its third-quarter revenue and profit missed estimates.


Intel has cancelled its plans to buy Israeli foundry Tower Semiconductor after the deal failed to get approval from Chinese regulators ahead of a final deadline amid souring Sino-US relations.

Chinese outbound investments rose by nearly a tenth in the first half of the year, driven by an economic recovery but aggregate overseas mergers and acquisitions volumes fell to a decade-low, according to a report by global accounting firm Ernst & Young.

What does Tapestry’s acquisition of Michael Kors’ parent company mean for the luxury fashion world? Here’s what we know about the US$8.5 billion deal

Alternative energy, energy technology, battery storage and generative AI sectors remain areas of interest for venture capital investment in the Asia region.

Kering splashed out US$1.8 billion to acquire 30 per cent of Valentino from Mayhoola, an investment company backed by the Qatari royals – and the partnership may be luxury’s biggest game-changer

The Indian market has proved to be a bright spot for the firm, thanks to two blockbuster deals this year worth US$1.38 and US$1.87 billion involving the sprawling Adani Group. Jefferies is ‘long-term bullish’ on China.


Volkswagen Group said it would invest in one of China’s fastest-growing electric-car makers to jointly develop automobiles powered by non-fossil fuels.

The company’s portfolio includes L’Occitane en Provence, Melvita organic beauty products, Elemis line of collagen creams, and the Grown Alchemist range of anti-ageing sera and Korean skincare brand Erborian.

Major shareholders have offered almost US$2 billion this year to take 10 companies off the Hong Kong stock exchange. While bankers collect fees, some minority investors will not be too happy about it.

Deutsche Bank is aggressively expanding its investment advisory team in Hong Kong, hiring dozens of bankers, as the German lender positions itself for a rebound in deal making in Asia.


The global entertainment company behind the widescreen technology that enables cinema owners to charge premium prices offers to buy the remaining 28.4 per cent stake in the unit that oversees its business in China.


The decision handed a major victory to Microsoft and allowed it to close its purchase of Activision, the maker of Call of Duty and Candy Crush, as planned on July 18

The once government-owned airline that Tata Group took over last year has ambitious plans to take on rivals that dominate outbound traffic but some routes and categories in the merged entity could have a monopoly, Competition Commission of India says.

Revamp of the Hart-Scott-Rodino filing process by the Justice Department and the Federal Trade Commission will allow for more effective and efficient screening of deals.