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China's HNA in Talks to Buy Controlling Stake in Forbes

Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also in…
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Tesla Deal Boosts Chinese Presence in U.S. Auto Tech

China's Tencent Holdings Ltd. has bought a 5 percent stake in U.S. electric car maker Tesla Inc. for $1.78 billion (1.43 billion pounds), the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. Tencent's investment, revealed in a U.S. regulatory filing,…
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Chinese Firm Takes Stake in U.S. Investment Bank Cowen

As China looks to spread its economic influence around the world, it is taking a bigger interest in financial companies, a move that could raise scrutiny in the era of President Trump. In the latest deal, CEFC China Energy, a Chinese conglomerate with big investments in oil in Central Africa,…
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Macau Casino Billionaire Lawrence Ho Pays $65 Million for NYC Pad

Lawrence Ho, the billionaire chairman and CEO of Melco International Development and Melco Crown Entertainment, has reportedly (3/22) shelled out a staggering $65,163,580 for a top-floor unit of 432 Park Avenue, the tallest residential skyscraper in the Western Hemisphere. Melco Crown is a joint venture with Crown Resorts, and owns…
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