October 18, 2021
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“American Factory” Owner Fuyao Glass To Raise $550 Mln, Eyes Solar Market

China-based Fuyao Glass Industry Group, whose U.S. plant was the subject of the Oscar-winning documentary “American Factory” in 2020, plans to raise to HK$4.3 billion, or $550 million, in a stock sale amid improvement in its business this year, according to a Hong Kong Stock Exchange filing on Sunday. The glass supplier, whose auto industry cust...
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China Holds Promise For Global Businesses Despite Uneven Covid Recovery: Authors

It seemed like a ready China business-book hit: Juan Antonio Fernandez and Laurie Underwood, two business professors in China, last year updated their successful book from 2006 “China CEO” with a new look at how foreign companies have been faring in the country’s fast-growing economy. “China CEO II” highlights hiring, digitalization and consumer po...
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Singapore’s Olam To Buy U.S. Spice Maker For $950 Million Ahead Of Unit’s IPO

Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. The agricultural commodities trader said in February that it has appointed financial and legal advisers to prepare for the initial public offering of...
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Indonesia’s E-Commerce Unicorn Bukalapak Completes $400 Million Funding Round With New Investors: Report

Indonesian e-commerce unicorn Bukalapak is said to have attracted more investors in its latest funding round that raised more than $400 million, according to a report from DealStreetAsia.  Bukalapak’s recent corporate filing indicates the London branch of Swiss investment bank UBS Group AG and Malaysian conglomerate Genting Berhad subsidiar...
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Korean Billionaire Kim Jung-Ju’s Gaming Giant Invests $100 Million In Bitcoin

Nexon Co., the South Korean online gaming company founded by billionaire Kim Jung-ju, said it has bought $100 million worth of bitcoin amid a rebound in the cryptocurrency. Tokyo-listed Nexon joins a growing list of global companies, including Elon Musk’s electric carmaker Tesla, that have invested in the digital currency. Nexon’s bitcoin invest...