November 9 – Alibaba Group Holding Ltd and Japan's Softbank Corp are in talks with private equity funds about bidding for all of Yahoo! Inc (NASDAQ: YHOO), Bloomberg reported, citing people with knowledge of the matter. Alibaba and Softbank, in an effort to buy back stakes owned by Yahoo, have grown impatient with a lack of progress in direct talks with the company, said the unnamed people. Yahoo prefers to sell a smaller stake rather than cede complete control, the people said.
November 9 – Chengdu Geeya Technology Co (SHE: 300028), an electronics and telecom device maker, said its wholly-owned subsidiary in Hong Kong has paid ¥229 million for a full stake in Harvard International Plc, a British electronics retailer. Geeya said the deal would broaden its distribution channels and benefit its profitability.
November 8 – Little Sheep Group Ltd (HKG: 0968), China's largest hotpot restaurant chain, said the Ministry of Commerce has given the go-ahead to Yum! Brands Inc's (NYSE: YUM) takeover of it after over four months of antimonopoly review. Yum agreed in May to acquire Little Sheep for $587 million.
November 8 – Ping An Insurance Group Co of China (SHA: 601318, HKG: 2318), the nation's second biggest insurer, said its Ping An Trust & Investment Co won its bid to take over Shanghai Jahwa Group, a cosmetics maker, in move to diversify its businesses into non-capital markets. The Shanghai government put the state-owned company up for a sale in September, seeking a minimum ¥5.11 billion. Ping An Trust & Investment said it plans to invest ¥7 billion in the company over the next five years. Shanghai Jahwa United Co (SHA: 600315), Shanghai Jahwa Group's listed arm, posted ¥207 million in1H net profit, up 30% from a year earlier.
November 4 –Tingyi (Cayman Islands) Holding Corp (HKG: 0322), China's biggest instant noodle and tea drink maker, swapped a 5% stake in its beverage subsidiary for PepsiCo Inc's (NYSE: PEP) bottling business in China, letting Tingyi, also known as Master Kong, capitalize on its advantage in distribution channels in China to sell PepsiCo's drinks in the country. Distribution channels in China are a disadvantage for international beverage makers including PepsiCo and Coca-Cola (NYSE: KO).
November 4 – Shenzhen Luxshare Precision Industry Co (SHE: 002475), a manufacturer of cables, connectors and computer peripherals, said it plans to spend between ¥60 million and ¥80 million purchasing 75% of its local competitor, Shenzhen Science Expert Industrial Co. Shenzhen Science Expert posted ¥105 million in revenues and ¥5.71 million in net profits for 2010, and had ¥24.39 million in net assets as of the end of September 2011.
November 4 – China's M&A market saw 83 transactions in October, where 65 were disclosed and involved a total of $2.37 billion, according to Zero2IPO. 11 transactions in total were linked to foreign companies and six of them were disclosed and involved a total of $383 million.
November 3 – China had eight private equity or venture capital funds that raised a combined $737 million in October, up from $292 million in September but well below these amounts in July and August, according to ChinaVenture.
$1 = ¥6.34