Chinese Conglomerate Trims Stake in AMC Entertainment

AMC Entertainment Holdings Inc. raised $600 million from private-equity firm Silver Lake Partners and repurchased roughly a third of the stake held by a Chinese conglomerate, marking a major ownership shift for the movie-theater owner. Dalian Wanda Group Co.’s partial exit comes as Chinese regulators have aimed to limit Chinese companies’ investments abroad. The Beijing-based…

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Chinese Private Equity Firm To Invest $270 Million In Overstock Blockchain Subsidiary

Operations Inside The Overstock.com Distribution Center On Cyber MondayBLOOMBERG NEWSChinese private equity firm GSR Capital has confirmed to Forbes that it signed a letter of intent to invest as much as $270 million in blockchain startup tZero, a subsidiary of e-commerce giant Overstock.com. While the investment itself would be the largest ever single investment in…

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Chinese tariffs on US gas exports may shift the global market

“A 25 percent import tariff, amid a backdrop of strong government rhetoric against U.S. energy imports, is likely to see U.S. LNG priced out of the lucrative Chinese gas market,” said analysts at Fitch Solutions Macro Research. Brennan echoed that sentiment, writing in his note that “geopolitical dynamics will undermine American exporters’ bid to become…

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A hot Chinese driverless startup’s new hire has been charged with stealing secrets from Apple

In the race to put self-driving cars on the road, China and the US are neck and neck. Companies in both countries want to guard the technologies they’re developing, but that can be a challenge as rivals try to poach key engineers, often the gatekeepers of intellectual property. Apple is well aware of the problem.…

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