Uber, investors in UberChina unit will own 20% of Didi; Chinese ride-hailing firm will invest $1 billion in Uber Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, which was […]
Qualcomm CEO Sees Major Progress in China
China has flipped from being Qualcomm Inc.’s biggest problem to the force driving a new upturn in business for the big mobile chip maker. Steve Mollenkopf, chief executive of the San Diego-based company, on Thursday said Qualcomm is benefiting both from more patent licensing deals in China and a new crop of handset makers in […]
Qualcomm CEO Sees Major Progress in ChinaAB InBev-SABMiller Deal Advances on China
Anheuser-Busch InBev NV’s takeover of SABMiller Plc moved closer to completion as China’s Ministry of Commerce approved the $103 billion deal and the target’s shareholders began lining up in favor of the transaction after the Budweiser maker raised its bid. Chinese antitrust authorities gave the “Megabrew” merger its last major regulatory nod Friday after London-based […]
Anheuser-Busch InBev NV’s takeover of SABMiller PlcChina P&G Supplier Becomes A Billionaire
A supplier to Proctor & Gamble has become one of China’s growing number of billionaires. Guangzhou Tinci Materials Technology’s chairman Xu Jinfu holds a 41.5% stake in the supplier of personal healthcare product ingredients that was worth $1.4 billion on Friday. Tinci’s clients also include Beiersdorf. The company’s Shenzhen-traded shares have more than doubled since […]
China P&G Supplier Becomes A Billionaire49ers-Rams planned for China in 2018
The 49ers and Rams may play a regular season game in China in two years. Sports Business Daily reports that a 49ers-Rams game in China is expected to be the Rams’ “home” opener for the 2018 season. The Rams have already agreed to give up one home game a year to play overseas during each […]
49ers-Rams planned for China in 2018