China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
BRIEF: Lenovo to build Saudi manufacturing base, production set for 2026
Lenovo Group Ltd. (0992.HK) announced Wednesday it has completed its sale of a three-year, $2 billion interest-free convertible bond to Alat, a subsidiary of Saudi Arabia's Public Investment Fund (PIF),…
BRIEF: Newborn Town’s profit grows, but at a high cost
Social media platform operator Newborn Town Inc. (9911.HK) said its profit rose 28% to 225 million yuan ($32 million) in the first half of this year, according to its interim…
JinkoSolar finds rare bright spot in new Saudi tie-up
The company unveiled a $1 billion joint venture with two local entities to produce cutting-edge solar panels in the Middle East Key Takeaways: JinkoSolar is forming a $1 billion joint…
Lenovo makes critical calculation with Middle East pivot
The PC giant’s new tie-up with the Alat unit of Saudi Arabia’s sovereign wealth fund will give it access to new funds and help it establish a regional headquarters in…
E-sports Company NeoTV Races Towards New York IPO
China’s No. 2 operator of electronic gaming competitions and tournaments has filed for a U.S. listing, two weeks after its larger rival VSPO announced a major new fundingKey Takeaways:NeoTV has…
VSPO’s New Saudi Funding: A Warm-Up for Big-League IPO?
A year after filing for a Hong Kong IPO, which it later abandoned, China’s largest e-sports operator is receiving a $265 million investment from a Saudi Arabian wealth fundKey Takeaways:Leading…
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