China
CSPC Pharmaceutical Group Ltd shares to be sold to raise funds
Investors in CSPC Pharmaceutical Group Inc have offered shares for sale in order to raise funds. The affiliates of Hony Capital Ltd have sought to raise USD260 million through the sale of shares in CSPC Pharmaceutical Group Ltd.
Alipay's parent firm purchases controlling stake in financial services company
In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
Yum Brands Inc warns delay in sales recovery in China
KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
