The 25-storey DoubleTree by Hilton opened in China's Anhui province. Today, DoubleTree by Hilton announced that DoubleTree by Hilton Wuhu had been open in Anhui Province, China.
China
Shuanghui taps Goldman Sachs, Morgan Stanley, other banks in preparation for USD6 billion IPO
Thomson Reuters publication IFR earlier reported that Morgan Stanley, Goldman Sachs and Standard Chartered were among the banks hired by Shuanghui International Holdings in its upcoming IPO.
Huawei to invest in 5G research, allots USD600 million
Huawei Technologies Co promised to deliver fast 5G wireless connection service to its customers. In its statement said on Wednesday, Huawei Technologies Co said it would be pouring USD600 million to improve mobile connections for consumers in the next four years.
Asian M&A market dominated by Japan and Thai tycoons
Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
China's Tencent buys into Snapchat
China's Internet giant Tencent Holdings Ltd. made a move to shower Silicon Valley's app maker Snapchat with a USD200 million investment.
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The shares of solar-cell maker Shunfeng Photovoltaic International Ltd rose after it agreed to buy Suntech Power for $492 million.
JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.
A consortium led by Chinalco was shortlisted to bid for Glencore Xstrata's copper mine in Peru, a Chinalco executive said.
With two mainland China IPOs oversubscribed, consumer confidence indicates greater trust in new IPO shares.
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co. Private equity company Blackstone Group said it would be purchasing a 40% stake in SCP Co, a China-based shopping mall owner.
Boming Cheng, the President of Citic Securities Co, said IPOs could resume again in China after a Chinese Communist Party meeting.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
