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Wanda Moves Forward With $605m London Deal Despite Govt Curbs

China’s clampdown on outbound investment hasn’t stopped Wanda Group from moving ahead with at least one overseas real estate project, as the Beijing-based conglomerate has completed its £470 million ($605.3 million) acquisition of Nine Elms Square in London. Wanda has purchased the 10.2-acre (4.13 hectare) site in the city’s Vauxhall…
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Paytm Mall, Alibaba May Invest $200 Million in Bigbasket

Paytm Mall, Alibaba may invest $200 million in BigBasketOnline marketplace Paytm Mall and its main backer Alibaba, which are in talks to pick up a significant stake in online grocer BigBasket, have extended the exclusivity period of their negotiations by two weeks, according to two people familiar with the developments.…
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Lacrosse League Expands to San Diego with Alibaba Billionaire

Alibaba Executive Vice Chairman Joe Tsai has bought the National Lacrosse League’s expansion team in San Diego, bringing another billionaire owner to a league with plans to add franchises and expand its digital footprint. Tsai, who has a net worth of $11.4 billion, paid about $5 million for the yet-to-be-named…
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China's Great Wall Confirms Interest in Fiat Chrysler

A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply recently, as investors cheered the potential sale of the storied Jeep brand. It was not immediately clear whether Great Wall Motor wanted all or part of FCA.…
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Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit

Terry Gou, the billionaire behind Apple Inc.’s iPhone factories, is pressing his case to acquire Toshiba Corp.’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its…
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