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Insights
09-Jun-19 China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest USD100 million in a Russian joint venture, and Alibaba will contribute AliExpress Russia into the joint venture. This consists of Alibaba's Russia-based domestic and cross-border operations. [image: Retail News Asia]
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Insights
03-Jun-19 INEOS has signed an MOU with Saudi Aramco and Total to build three plants at the Jubail 2 complex in Saudi Arabia. The energy efficient plants producing acrylonitrile, LinearAlphaOlefin and PolyAlphaOlefin will have access to competitive raw materials and energy. [image: INEOS]
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Insights
28-May-19 Japanese automotive supplier Denso plans to invest RMB2 bn (USD290 mn) in a plant in Guangzhou, China. The 100,000 sqm plant will mainly be used for auto parts manufacturing, quality monitoring, and a warehousing and distribution center. [image: Asia Times]
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Insights
18-May-19 Chinese investment in Latin America increased by over USD15 bn in the first half of 2018. Although only Ecuador and Venezuela are part of the Belt and Road Initiative, Brazil and Argentina have also received investments from Chinese tech companies.
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Insights
16-May-19 Japanese department store Takashimaya is looking to expand overseas, with a focus on Southeast Asia. Its CEO hinted at opening stores in Indonesia, Malaysia and the Philippines. Takashimaya opened a store in the IconSiam development in Bangkok late 2018. [image: Takashimaya]
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