Two major new global investments are highlighting a recent trend that has Chinese buyers moving beyond their traditional comfort zones of resources and manufacturing and into other less familiar areas like real estate and sports clubs. The first case will see domestic insurance company Anbang Insurance buy New York’s landmark Waldorf Astoria hotel for a supercharged price of nearly $2 billion. The second deal has media reporting that Wang Jianlin, founder of real estate giant Wanda Group, is preparing to buy a stake in Spanish soccer club Atletico de Madrid. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 8. To view a full article or story, click on the link next to the headline.
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China’s CIC, AVIC End Talks To Acquire Aircraft Leaser Avolon: Sources (English article)
Hilton (NYSE: HLT) Sells NY’s Waldorf Astoria to Anbang Insurance For $1.95 Bln (Businesswire)
Canadian Solar (Nasdaq: CSIQ) Gives Update On Japanese Utility-Scale Pipeline (PRNewswire)
Qihoo 360 (NYSE: QIHU) Announces $200 Mln Share Repurchase Plan (PRNewswire)
The Rent-A-Car Of China: eHi Car Services Files For $100 Mln US IPO (English article)
