Chinese movie studio Huayi Brothers Media Corp., Tencent Holdings Limited and Yunfeng Capital have agreed to acquire a controlling stake in a Hong Kong-listed shell company for HK$547 million (US$70.6 million), according to a disclosure filing. The investors have agreed to buy 6.84 billion shares of the shell company, a retirement home developer named China […]

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Chinese e-commerce boss Jack Ma is emulating America's Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]

New York Stock Exchange-listed Chinese children's entertainment and media firm Taomee Holdings Limited has entered into a definitive agreement to be taken private by company co-founders Benson Wang and Roc Cheng, as well as an investment arm of Orient Securities, according to an announcement. In the definitive agreement, the buyers agreed to acquire the company […]

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Central bank switch raises investors’ fears of new currency war