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3 weeks ago | 
news.bloomberglaw.com | Dong Cao |Haze Fan |Pei Li
Beijing Hualian Group Investment Holding Co. is in talks to sell itsbusiness that operates and develops luxury malls in China to Boyu Capital, according to people familiar with the situation. The two are close to an agreement for the sale of the side of Beijing Hualian SKP Department Store Co.’s business that manages and operates the high-end malls, the people said. Beijing Hualian Group and Boyu are also discussing a sale of the actual mall properties that Hualian SKP oversees, the people said.
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3 weeks ago | 
bloomberg.com | Dong Cao |Haze Fan |Pei Li
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1 month ago | 
bloomberg.com | Dong Cao |Haze Fan |Pei Li
China is increasing scrutiny of outbound investments by domestic companies as well as their use of proceeds from Hong Kong share sales, people familiar with the matter said, after record capital outflows put pressure on the yuan.
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Dec 8, 2024 | 
xpresschronicle.com | David Welch |Haze Fan
GM’s profits and market share have tumbled, so much that, like other multinationals, the company’s long-term presence in China is anything but certain. Source link
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Dec 8, 2024 | 
seattletimes.com | David Welch |Haze Fan
General Motors CEO Mary Barra has said that China’s crowded market is a “race to the bottom.” For GM, it’s a contest that’s left the automaker saddled with losses and rethinking its options. The American carmaker revealed Wednesday that it would take charges and asset writedowns of more than $5 billion for its investment in a joint venture with Shanghai’s SAIC Motor and to restructure operations in China, including closing factories.
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Dec 5, 2024 | 
fortune.com | David Welch |Haze Fan |David Welch
General Motors Co. Chief Executive Officer Mary Barra has said that China’s crowded market is a “race to the bottom.” For GM, it’s a contest that’s left the automaker saddled with losses and rethinking its options. The American carmaker revealed Wednesday that it would take charges and asset writedowns of more than $5 billion for its investment in a joint venture with Shanghai’s SAIC Motor Corp. and to restructure operations in China, including closing factories.
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Dec 4, 2024 | 
news.bloomberglaw.com | David Welch |Haze Fan
General Motors Co. Chief Executive Officer Mary Barra has said that China’s crowded market is a “race to the bottom.” For GM, it’s a contest that’s left the automaker saddled with losses and rethinking its options. The American carmaker revealed Wednesday that it would take charges and asset writedowns of more than $5 billion for its investment in a joint venture with Shanghai’s SAIC Motor Corp. and to restructure operations in China, including closing factories.
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Dec 4, 2024 | 
news.bloombergtax.com | David Welch |Haze Fan
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Dec 4, 2024 | 
bloomberg.com | David Welch |Haze Fan
General Motors Co. Chief Executive Officer Mary Barra has said that China’s crowded market is a “race to the bottom .” For GM, it’s a contest that’s left the automaker saddled with losses and rethinking its options. The American carmaker revealed Wednesday that it would take charges and asset writedowns of more than $5 billion for its investment in a joint venture with Shanghai’s SAIC Motor Corp. and to restructure operations in China, including closing factories.
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Nov 29, 2024 | 
bloomberglinea.com.br | Haze Fan |Albertina Torsoli
Bloomberg — A Renault quer fortalecer seu negócio de veículos elétricos em um momento de demanda em baixa. A montadora francesa se voltou para um dos poucos mercados onde os carros movidos a bateria estão vendendo bem para ter acesso a novas tecnologias e aprender a fabricar veículos elétricos mais rapidamente.
