Kingfisher, the United Kingdom-based home improvements retailer, said on Monday that it had agreed to sell a 70 percent stake in its loss-making B&Q China business to Wumei Holdings Inc for 140 million pounds ($219 million), a move that is expected to boost Wumei's retail presence.
XLD Group, the US subsidiary of Chinese property investment firm Sichuan Xinglida Group, has bought the 1,004-room Los Angeles Airport Marriott for $160 million - its second hotel acquisition in California after spending $74 million on the 487-room, 17-story Marriott in the nearby city of Torrance last year.
China is to increase its natural gas imports to cope with rising winter demand, the country's largest oil and gas company said on Monday.
Investment from China in overseas property markets is expected to grow by 20 percent annually on average through 2020, when it will stand at about $50 billion per year, as market-oriented reforms encourage companies to explore opportunities abroad.
Greenland Group said on Monday it plans to invest more than 20 billion yuan ($3.22 billion) to build the tallest twin tower in Seoul, the latest massive project by the Chinese State-backed developer overseas.
China's overhaul of local government financing will create more opportunities for global investors in 2015.
Energy | Du Juan
The rapid increase in Chinese investment in the United Kingdom is set to continue in 2015.
Last month, Alibaba Group Holding Ltd's Jack Ma invited 1,600 former employees to its home turf in Hangzhou, capital of Zhejiang province. The company's $25 billion initial public offering had made many of them wealthy and he urged them to start businesses that would be meaningful in the long term.
For five years, Hong Kong investors could not go wrong on casinos. Now they are losing more than on any other stocks, and money managers from ABN Amro Private Banking to Macquarie Funds Group do not see the slump ending soon.
Xiaomi Corp raised about $1 billion in a new funding round that values China's largest smartphone vendor at $45 billion, according to a person familiar with the matter.
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