According to China's Ministry of Commerce, investments from the European Union increased the most in the world's second largest economy in the first 10 months of the year.
China
China's iKang Goubin Healthcare Group eyes US listing
China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.
Umeng confirms acquisition by Alibaba
Chinese analytics provider Umeng confirmed its acquisition by e-commerce giant Alibaba for an undisclosed amount, following the rising trend of China-related mobile acquisitions this year.
YST Dairy prices shares at low end of range for Hong Kong IPO- sources
YST Dairy chose a lower price for its shares set to debut in Hong Kong on November 26. At HKD 2.70 per share, the pricing gave YST some wiggle room for a pop on its first trading day.
China's Metals Demand to Shift Towards Consumer Products - report
China has accounted for as much as 80% of global growth in metal demand in recent years, driven by its extensive investments in infrastructure and real estate projects.
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Singapore's CapitaMalls Asia Ltd. said it would buy a shopping mall located in Guangzhou, China for USD361 million. CapitaMalls Asia would purchase the said property from Chinese Greenland Real Estate.
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.
Xiao Gang, head of the China Securities Regulatory Commission, said the new reforms planned by the government on public share sales will increase the role of free market forces.
Antony Leung, the Greater China Chairman of Blackstone Group, would be making an exit from the private equity company to become the Chief Executive Officer of Nan Fung Group Holdings Ltd.
As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and benefits of virtual currency.
CareFusion Corp's acquisition of Vital Signs from GE Healthcare was considered strategic as the former aimed to expand its anesthesiology and respiratory care business while saving up to USD15 million in annual costs.
Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.
Galaxy Entertainment Group Ltd, the second-largest casino operator in Macau, announced its intention to invest USD5 billion in Japan and China if the gambling markets open in those countries.
