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Corporate News 19 Aug 2020 | 7:00 AM

Asia buyout firms are struggling with Covid-hit portfolio

HONG KONG: Baring Private Equity Asia and CITIC Capital have sold the China business of Wall Street English (WSE) at a deep discount in just over two years since acquiring it as the Covid-19 pandemic crippled the global language tutoring group, sources told Reuters.

Smebiz 25 Mar 2019 | 12:00 AM

China’s co-working industry turns to services

CO-WORKING space operators in China are shifting their focus from ambitious expansion plans to services such as customising offices for clients, as rising vacancy rates and tighter financing slow their exponential growth of the past two years.

Investment 20 Mar 2019 | 12:00 AM

Canada pension fund mulls opening first China office

HONG KONG: Canada Pension Plan Investment Board (CPPIB), which manages around C$368.5bil (US$277bil), is considering opening its first office in China as it seeks greater exposure to the world’s second largest economy.

Corporate News 19 Mar 2019 | 8:21 AM

Canada's biggest pension fund mulls opening first China office

HONG KONG: Canada Pension Plan Investment Board, which manages around C$368.5 billion ($277 billion), is considering opening its first office in China as it seeks greater exposure to the world’s second-largest economy.

Business 27 Apr 2018 | 12:00 AM

Hormel eyes Chinese wasabi maker

HONG KONG: Hormel Foods Corp, the maker of Spam canned meat and Skippy peanut butter, is among suitors studying potential bids for Chinese condiment producer Jiahao Foods, a source said.

TECH 20 Dec 2017 | 8:30 AM

China NIO's SUV Versus Tesla's Model X: Battle of EVs

Chinese startup NIO marked its entry last week into the world’s biggest market for electric cars with a sport utility vehicle priced cheaper than Tesla Inc’s Model X.