Tag: JV

Retail Asia25/01/2022
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2min0
Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing the European market with battery equipment solutions. The two, together, plan on selling integrated battery solutions with on-site ramp-up and maintenance support for battery cell and system manufacturers. This joint venture has also been designed with the goal […]

Retail Asia08/06/2021
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DBS’ securities joint venture in China will officially commence business operations after receiving its license from the mainland regulator. Securities joint venture DBS Securities (China) will kick off operations, according to a statement, effective immediately after receiving its securities business license from the China Securities and Regulatory Commission. The joint venture will operate brokerage, securities investment […]

Retail Asia07/06/2021
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J.P. Morgan is seeking regulatory approval to obtain full ownership of its mainland Chinese securities joint venture. J.P. Morgan has applied to regulators for approval of its full ownership of the securities joint venture, according to a report citing China chief executive Mark Leung. The bank currently has a 71 percent stake in the unit after last boosting […]

Retail Asia31/05/2021
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2min0
Morgan Stanley is the latest global bank to add exposure to mainland China’s financial sector with increased ownership in two joint ventures. Morgan Stanley will buy stakes in its securities and mutual fund joint ventures, according to a company filing with the Shanghai Stock Exchange. We are excited by opportunities to significantly expand our onshore securities […]

Retail Asia23/03/2021
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4min0
Nokia announced the first 5G standalone (“SA”) Radio Access Network (“RAN”) Sharing network in South East Asia. The company has been selected by Antina Pte. Ltd. (“Antina”), a joint venture formed by mobile network operators M1 and StarHub, following a competitive tender process, to deploy 5G SA networks across Singapore. The commercial deployment of a […]

Retail Asia06/11/2020
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1min0
Convenience Retail Asia Ltd said on Thursday it had agreed to sell its convenience store business in Hong Kong to Canadian convenience store and road transportation fuel retailer Alimentation Couche-Tard Inc for HK$2.79 billion ($359.8 million). The Circle K convenience stores and Saint Honore bakery chain operator plans to declare a special dividend of HK$3.85 […]

Retail Asia29/10/2020
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5min0
Recently few reports emerged which said that Mercedes was scaling back from developing autonomous driving technology which was quickly buried by the company’s head of digital transformation. Now Alphabet-owned Waymo and Daimler have officially announced a partnership in which the German company will be teaming up with the pioneering self-driving company to sell autonomous trucks […]

Retail Asia09/12/2019
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2min0
Hong Kong-listed fashion retailer Esprit has announced a joint venture business to take over the marketing and retailing of its products in Mainland China. Through a subsidiary called Million Success, the fashion retailer will hold a 40 percent stake in the Esprit China business, with the majority partner being Mulsanne Group, a company listed in […]

Retail Asia25/11/2019
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1min0
Japanese drugstore operator Matsumoto Kiyoshi is to open stores in Vietnam in partnership with a local company, Lotus Food Group. The two parties have formed a joint venture, Matsumoto Kiyoshi Vietnam JSC, to operate a drugstore chain under the name MatsuKiyo in Vietnam. In Japan, Matsumotokiyoshi operates stores under the banner Matsumoto Kiyoshi. According to […]

Retail Asia31/10/2019
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2min0
Hyundai Motor said on Tuesday it was considering raising its stake in its underperforming truck joint venture in China, potentially joining other foreign automakers in boosting ownership in the world’s biggest car market. Sichuan Hyundai Motor is Hyundai’s only commercial car venture in China that makes cargo trucks and buses. Beijing relaxed rules last year on […]

Retail Asia23/10/2019
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2min0
Indian cafe chain Coffee Day has partnered with Japanese sales-floor support-service business Impact HD to grow its retail network in India. The joint venture plans to rapidly build market share in the region’s neighborhood retailing sector, launching a minimum of 450 Coffee Day Essentials branded stores in quick succession. Coffee Day Group holds a 51 […]

Retail Asia29/05/2019
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5min0
Take a look inside the first of 500 fresh-food and convenience stores planned by Alibaba and Bailian, which has opened in Shanghai. The fruits of Alibaba’s joint venture with Bailian Group are on show in Shanghai where the first of 500 Ego stores planned this year is now trading. According to mainland media reports, the […]

Retail Asia29/04/2019
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3min0
New Zealand honey business Comvita has entered into a conditional agreement to acquire the remaining 49 per cent of its China joint venture, Comvita Food Ltd and Comvita China Limited. The acquisition will be funded through the issuing of 4.05 million new shares, as well as a payment of $3.19 million. “This completes the ‘final […]

Retail Asia29/10/2018
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1min0
Tencent has teamed up with ParknShop and Yonghui Superstores to create a new combined grocery chain ParknShop Yonghui. The joint venture, valued at US$170 million, aims to help Shanghai-listed Yonghui expand its business outside of the southern province of Guangdong, as well as consolidating Yonghui and ParknShop’s businesses in the province. Yonghui gains half of […]

Retail Asia12/10/2018
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4min0
German luxury carmaker BMW announced a plan to take control of its China joint-venture, the first foreign automaker to take advantage of Beijing’s new ownership rules for the sector. BMW will acquire a further 25 per cent stake in the venture with Brilliance China Automotive for €3.6 billion (US$4.2 billion), the company said, bringing its stake […]


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