2014.1
Alibaba rival JD.com files for U.S. listing
JD.com, China’s second-largest e-commerce company, filed for a U.S. listing of its shares, following market leader Alibaba Group Holding Ltd in tapping into rising investor enthusiasm surrounding China’s booming online retail market.
Weil Gotshal stars in China’s largest tech deal
Weil, Gotshal & Manges is advising Lenovo Group on its agreement to buy Google Inc’s Motorola handset division for $2.91 billion, in what is China’s largest ever tech deal.
Spruson & Ferguson opens in Shanghai
Australian firm Spruson & Ferguson has recently launched its representative office in Shanghai, as the firm continues to expand its presence in Asia.
SE Asia Deals: BoB issues bonds worth $750 mln
AZB stars in Welspun’s share sale agreement with the Leighton Group, Khaitan & Co advises HDFC on granting a $29 million loan to GMMCO, Rahmat Lim guides Central Pattana on its JV with I-Berhad, and much more in our weekly Southeast Asia deals spotlight.
U.S. should stop new dumping probe on solar products: China
China’s commerce ministry called on the United States on Sunday to stop anti-dumping investigations into imports of solar power products from China, expressing “serious concern” and vowing to defend its producers.
China decor magnate arrested for suspected bribery
A billionaire who Chinese media say is linked to the downfall of the former mayor of Nanjing has been arrested on suspicion of corruption, the company he founded, Suzhou Gold Mantis Construction Decoration Co Ltd, said.
Qualcomm faces prospect of record antitrust fines in China
Qualcomm Inc, the world’s biggest cellphone chip maker, may be hit with a record fine exceeding $1 billion in a Chinese antitrust probe, raising the spectre of harsh penalties for foreign firms facing an increasingly aggressive regulator.
Wal-Mart to upgrade China vendor compliance
U.S. retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.
VietJetAir to finalise $9 bln Airbus order in Feb
Vietnamese carrier VietJetAir said it would finalise a $9 billion (5.4 billion pounds) order for up to 92 Airbus aircraft next month as it seeks to tap into Southeast Asia’s fast growing low-cost market dominated by AirAsia Bhd and Lion Air.
Indonesia’s mining exports ‘at standstill after new rules’
Indonesia’s metal ore and concentrate exports have ground to a complete halt, government officials said on Friday, signaling the turmoil in the mining sector after a ban on ore shipments and an export tax were imposed nearly two weeks ago.