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XCMG rolls out three new excavators for Indian market

XCMG rolls out three new excavators for Indian market

XCMG, a Chinese multinational heavy machinery manufacturing company, has introduced three new excavators designed especially for the Indian market. Launched in Chennai, India, the XE80C, XE104I, and XE125C models will be able to perform in the high temperatures and humid working conditions. The energy-efficient XE80C excavator features an engine with all-new load sensing hydraulic system […]

Sodexo invests in Chinese corporate catering platform Meican

Sodexo invests in Chinese corporate catering platform Meican

Sodexo through its strategic venture capital vehicle, Sodexo Ventures, has invested in corporate catering platform Meican to further strengthen food services of Sodexo, and boost the Chinese food service industry. Meican is a Chinese technology company focused on digital food solutions in the corporate environment. On the other hand, Sodexo is a French food services […]

Sodexo invests in Chinese corporate catering platform Meican

Sodexo invests in Chinese corporate catering platform Meican

Sodexo through its strategic venture capital vehicle, Sodexo Ventures, has invested in corporate catering platform Meican to further strengthen food services of Sodexo, and boost the Chinese food service industry. Meican is a Chinese technology company focused on digital food solutions in the corporate environment. On the other hand, Sodexo is a French food services […]

Brother Enterprises to acquire Lanxess chrome chemicals business for $93m

Brother Enterprises to acquire Lanxess chrome chemicals business for $93m

Lanxess, a US-based specialty chemicals company, has signed an agreement to sell its chrome chemicals business Lanxess CISA to Chinese leather chemicals producer Brother Enterprises for €83.05 million ($93.06 million). The chrome chemicals business, which belongs to the Lanxess Leather business unit, generates annual sales of around €100 million. Brother Enterprises will acquire Lanxess’s two […]

KKR to acquire 70% stake in NVC Lighting’s Chinese lighting business

KKR to acquire 70% stake in NVC Lighting’s Chinese lighting business

KKR , through its Asian Fund III, has agreed to acquire a stake of 70% in NVC Lighting’s Chinese lighting business (NVC China) for a total equity value of around $794 million. NVC Lighting will own the remaining 30% stake in the Chinese lighting company which manufactures, sells and distributes branded lighting products. NYC China […]

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Insurance acquisition news : Chinese government-controlled Anbang Insurance Group will sell its entire interest in Hexie Health Insurance, a Chinese health insurance company for an undisclosed amount to multiple buyers, including industrial conglomerate Fujia Group. Reuters reported that the Chinese government has been looking to fast track sale of assets of Anbang Insurance Group, which […]

Sasol opens new alkoxylation plant in Nanjing, China

Sasol opens new alkoxylation plant in Nanjing, China

South African chemicals company Sasol has officially opened its new alkoxylation plant in Nanjing, China , which is expected to more than double its production capacity of alkoxylation in the region. Sasol alkoxylation plant in Nanjing Built at the Nanjing Jiangbei New Material Hi-Tech Park, the new Sasol alkoxylation plant in Nanjing will be supported […]

Car hits crowd in China killing six, driver shot by police

Car hits crowd in China killing six, driver shot by police

A car rammed into the crowd in central China killing six people and injured seven others on Friday and the driver was fatally shot by the police as reported in state broadcaster CCTV. The inured people were rushed to the hospital after the incident in Zaoyang City in Hubei Province. Similar incidents were reported in […]

Rajinikanth-Akshay Kumar starrer 2.0 is all set for grand release in China

Rajinikanth-Akshay Kumar starrer 2.0 is all set for grand release in China

Superstar Rajinikanth’s blockbuster movie 2.0 is all set for a grand release in China as it is the major film market after Aamir Khan’s PK. Rajinikanth and Akshay Kumar starrer 2.0 will be released in China in May 2019. The move makers of Shankar’s 2.0, Lyca Production announced that 2.0 will have the biggest release […]

China defeats Hong Kong to clinch Asia U18 Girls Sevens Rugby Championship

China defeats Hong Kong to clinch Asia U18 Girls Sevens Rugby Championship

China defeated Hong Kong to win Asia U18 Girls Sevens Rugby Championship in the final match held at Kalinga Stadium in Bhubaneshwar. China easily clinched the third edition of the Asia U18 Girls Sevens Rugby Championship by scoring 28-5. Hosts India stood in the fourth place in the competition. Odisha Governor Ganeshi Lal was the […]


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