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HP sells $2.3 billion China unit stake to forge partnership with Tsinghua Unigroup

BY Reuters |

Hewlett-Packard Co will sell a controlling 51 percent stake in its China-based data-networking business to China's Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhouse.
Prominent China rights lawyer indicted in high-profile case

BY Reuters |

One of China's most outspoken human rights lawyers has been charged with inciting ethnic hatred, a Beijing prosecutor said, the latest development in a case that has drawn censure from the West.
China, India sign more than $22 billion in deals: Indian embassy

BY Reuters |

China and India signed 26 business deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said.
Amid China slowdown, foreign creditors face bankruptcy riddle

BY Reuters |

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.
CITIC Securities' teams up with China Renaissance to serve Internet firms

BY Reuters |

CITIC Securities Co Ltd, China's biggest brokerage, will partner with boutique investment bank China Renaissance to provide M&A, restructuring and initial public offering-related services for Internet companies.
China's Vanke teams up with Dalian Wanda on real estate development

BY Reuters |

Property developer China Vanke and conglomerate Dalian Wanda Group said they are forming a long-term strategic partnership to jointly acquire land and develop projects.
China's COFCO, CIC to set up venture to run agricultural businesses

BY Reuters |

China's largest grain trader COFCO is setting up a venture with sovereign wealth fund China Investment Corp (CIC) to control COFCO's investments in Dutch trader Nidera and Noble Group Ltd's agribusiness.
WeChat is Tencent's ace in China's online entertainment race

BY Reuters |

In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card.
Hang Seng Bank to sell $2.7 billion stake in China's Industrial Bank

BY Reuters |

Hang Seng Bank Ltd, a unit of HSBC Holdings, said it is selling a stake in China's Industrial Bank Co Ltd worth up to 16.8 billion yuan ($2.7 billion) to bolster its capital position and to fund expansion.
IPO drought hits swathes of Southeast Asia, Chinese stocks beckon

BY Reuters |

Initial public offerings have slowed to a trickle in parts of Southeast Asia as the absence of mega deals and volatile currencies sapped sentiment. The smaller pool of offerings may push investors to bull markets such as China, fund managers say.