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Chinese internet firms offer $1.23 billion for Norway's Opera Software

BY Reuters |

A group of Chinese internet firms have made a cash offer for Norwegian mobile phone browser and advertising firm Opera Software, valuing it at $1.23 billion, in a move to reach more of the emerging market customers with whom Opera is popular.
New breed investors embrace China's white-knuckle ride

BY Reuters |

A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs.
China starts investigation of Sinochem Group president Cai Xiyou

BY Reuters |

Cai Xiyou, president of Sinochem Group, the Chinese energy and chemicals conglomerates, has been put under investigation for serious discipline violations, China's main anti-corruption agency said, using the usual euphemism for graft.
STB, Davis Polk on mammoth agribusiness deal

BY Shangjing Li, Reuters |

Simpson Thacher & Bartlett and Homburger have advised state-owned ChemChina on its $43 billion bid to buy over Swiss agribusiness company Syngenta, the biggest overseas acquisition by a Chinese company.
China to allow banks to directly invest in high-growth tech firms

BY Reuters |

China is planning a pilot programme to allow selected commercial banks to set up equity investment arms to take direct stakes in technology firms, people familiar with the matter said
Paul Hastings stars in KKR-China Orient distressed debt partnership

BY Eileen Ang, Reuters |

Paul Hastings has advised China Orient Summit Capital – an offshore investment management platform created by China Orient Asset Management and its unit, China Summit Capital
China market tsar in spotlight amid stock market turmoil

BY Reuters |

Xiao Gang, China's stock market tsar, once remarked that the only thing he'd done right in life was marry his wife.
China takes first step to centralize control over financial regulators

BY Reuters |

China's cabinet is taking a key first step toward tighter control of its financial regulatory apparatus, a source told Reuters, after repeated regulatory missteps have dented confidence as the world's second-largest economy struggles.
Wanda goes to Hollywood: China tycoon's firm buys film studio Legendary for $3.5 billion

BY Reuters |

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas.
China makes more military reforms, sets up graft busting unit

BY Reuters |

China's military has set up 15 new units - covering everything from logistics to equipment development, political work and fighting corruption - as part of an on-going drive to modernise the world's largest armed forces, the Defense Ministry said.