Following its landmark purchase of a major US theater chain last year, real estate giant Wanda has embarked on a spending spree to upgrade its new facilities with a major new deal to buy state-of-the-art sound systems from Dolby (NYSE: DLB). The move is the latest in a steady stream of big announcements over the last year that has suddenly thrust one of China’s top real estate companies onto the global stage, as it looks to become one of the world’s biggest theater chain operators. Read Full Post…
I have to admit that I’ve been quite surprised by the lack of noise coming from North American politicians in the month since Chinese oil major CNOOC (HKEx: 883; NYSE: CEO) announced its landmark plan to buy Canadian oil giant Nexen (Toronto: NXY) in a deal valued at $15.1 billion. In fact, you could say the silence over that period has been almost deafening, with the lack of noise only ending late last week when Nexen made the low-key announcement that it has scheduled a meeting on September 20 for its shareholders to vote on the deal. (
There’s an interesting report out there today about another Sino-US deal that’s bound to attract controversy for political reasons, this one involving an American real estate developer looking for Chinese money to build homes in the San Francisco area. I’m probably sounding a bit too pessimistic by repeatedly predicting these kinds of deals are destined to fail due to pressure from US politicians, which is what has happened several times over the last 2 years for deals in the sensitive telecoms infrastructure space.
The huge potential of China’s box office is back in the spotlight again today, with word that US technology company RealD (NYSE: RLD) will install its 3D technology on a major new theater chain with up to 500 screens being set up by a unit of HNA Group, one of China’s more entrepreneurial business groups. (
