Monthly Archives: November, 2015

Chinese Cross-Border M&A Up 185%

November 13th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

According to data compiled by Bloomberg, China’s companies have proposed $128.3 billion in acquisitions outside China in 2015. The overseas acquisition spree is driven by a slowing domestic economy, the desire to acquire technology and brands, and supportive capital markets.

Read the Bloomberg article here.

IPO’s in China Are Back

November 11th, 2015 Posted by Capital Markets, China Business Development, M&A No Comment yet

A Chinese investment bank, China International Capital Corp., predicts 300% returns next year when the IPOs resume on the senior Chinese stock exchanges.

Read the Bloomberg article here.

How Didi Taxi Became a $10B Company with 93% Market Share

November 9th, 2015 Posted by China Business Development, E-Commerce, M&A No Comment yet

Newport directors were in Shanghai recently to sit in on investment pitches from startups. Wang Gang, the founder of Didi Taxi app and a prominent angel investor, attended the meeting as well. Didi Taxi was established in Zhongguancun Haidian ZPARK with an investment of $800,000.  Various incubators and funds supported Didi until its merger with competitor Kuadi in February 2015 to become the dominant ride sharing app in China.

Read the Forbes China article here.