Two new deals in the food and beverage space are casting a spotlight on China’s growing hunger and thirst for foreign products, and also its desire to import better practices to combat a nonstop stream of domestic food safety scandals. The bigger of the deals will see Hony Capital, one of China’s largest and oldest private equity firms, pay $1.6 billion for British fast-food chain PizzaExpress, which is in the process of expanding in China. The other deal will see the owner of the Red Bull brand of energy drinks for China buy a stake in the parent of Vita Coco, and bring the US company’s flagship coconut flavored drinks to China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 15. To view a full article or story, click on the link next to the headline.
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GAPPRFT to Restrict Branded Video Channels on Internet TV – Source (English article)
China’s CICC Said To Invite Investment Banks For Hong Kong IPO (English article)
Regulator To Discuss Unconditional Return Policy With 10 E-Commerce Firms (Chinese article)
ZTE (HKEx: 763) Raises Forecast for 6-Month Profit On Strong 4G Sales (Businesswire)
Vita Coco Coconut Water Sells 25 Pct Stake To Red Bull China (Businesswire)
