Indian e-commerce firm HomeShop18, backed by Chinese private equity firm SAIF Partners and Asia-focused hedge fund OCP Asia Limited, has withdrawn its planned NASDAQ IPO to raise after initially filing for the float in April this year, according to a regulatory filing. Its previously submitted IPO prospectus says that SAIF owns 25.2% and OCP Asia […]

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Chinese dairy company Mengniu has signed a three-party acquisition agreement with Yashili and Danone. According to the agreement, Danone will invest about HKD4.389 billion to purchase Yashili's newly issued shares. On the completion of the deal, Danone will gain a 25% stake in the Chinese infant formula firm, making Danone the second largest shareholder of […]

The meat processor Shuanghui plans to double its sales channels in the next five years, and the company will use both its own platform and deals with partners for e-commerce distribution of its products. Shuanghui is currently discussing with well-known Chinese e-commerce platforms about cooperating solutions, according to reports in Chinese local media. By opening […]

Beijing’s constructive approach contrasts with Russian provocation

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