China's CMC Capital Partners has acquired a stake in U.S. talent and sports agency firm, Creative Artists Agency (CAA), with an eye to create a joint venture in China and expand CAA's businesses in the world's second largest economy, the Chinese private equity firm announced today.
Direct Investments
A consortium led by China’s Fosun International plans to buy between 20 and 25 per cent in Russia’s top gold producer Polyus for up to US$2 billion, reported by Russian media, citing documents of a Russian-Chinese intergovernmental commission.
The European Investment Bank is aiming to provide 500 million euros ($540 million) of financing in environmental and climate-related projects in China this year, while exploring co-investment opportunities with Chinese banks in overseas green projects, a senior official of the bank said.
A theme park being built by Universal Parks & Resorts and Beijing Shouhuan Cultural Tourism Investment Co Ltd will incorporate 35 percent of Chinese elements and provide about 40,000 jobs.
Airbus SAS expects its new China A330 completion center to deliver a jet per month starting in 2017, rising to two per month in the following two years, the firm's China head said.
Starbucks Corp, the Seattle-based coffee giant, said it plans to add 500 stores in China every year for the next five years, as the company remains upbeat on the world's second-largest economy.