China’s Ping An Is World’s 2nd Largest Insurer by Market Value After Berkshire November 21, 2017 By Bloomberg News A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market...
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers November 10, 2017 By Bloomberg News China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits...
China Taiping Insurance in Talks to Buy $1.3B Building in Hong Kong: Sources November 8, 2017 By Bloomberg News A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in...
Fosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown September 5, 2017 By Bloomberg News Fosun International Ltd., one of the companies in the cross hairs of a Chinese government crackdown on offshore acquisitions, says...
Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI August 22, 2017 By Bloomberg News For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so...
Taiwan Power Outages Disrupt Some Semiconductor Manufacturing August 16, 2017 By Bloomberg News A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently...
China’s Move to Curb Overseas Deals Designed to Avoid Japan-Style Bust August 3, 2017 By Bloomberg News President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate...
New York’s Waldorf Owner Pressured to Sell as China Clampdown Escalates August 1, 2017 By Bloomberg News When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the...
China Orders Probe Into Deadliest Plant Fire Since 2000 June 3, 2013 By Bloomberg News China’s President Xi Jinping ordered an investigation into the cause of a fire at a poultry plant in northeastern China...