August 15 – Carlyle Group said its controlled Beijing Carlyle Investment Centre LP has acquired a 13.5% stake in Meinian Onehealth Healthcare Group Co, without disclosing financial details. The US private equity investor said it looks to China's rapidly growing healthcare market.
August 14 – The value of offshore mergers and acquisitions by Chinese firms soared 300% year on year in 1H 2012 although the number of transactions fell 6%, according to a PricewaterhouseCoopers report. The report predicted corporate China would keep its strong momentum in overseas M&A, pushing the total value of transactions to surpass last year's.
August 14 – Aluminum Corp of China Ltd (NYSE: ACH, SHA: 601600, HKG: 2600) said it will pay ¥2 billion for a 35.3% stake in Ningxia Electric Power Group Co, becoming its largest shareholder. China's largest aluminum producer previously said it would expand its business scope to coal, rare earth and other commodities as aluminum prices continued to fall.
August 13 – Shanghai Great Wisdom Co (SHA: 601519), a supplier of Internet financial information services, said it has signed a framework deal to acquire Japan's T&C Financial Research Inc for no more than $6.3 million.
August 11 – Qihoo 360 Technology Co (Nasdaq: QIHU), a leading Chinese security software developer, has reportedly acquired Sichuan-based online game developer and operator Jiuzhong Interactive Co for an undisclosed amount. Qihoo 360 CEO Zhou Hongyi is one of Jiuzhong's investors, according to industry sources.
August 10 – Dianping.com, a leading Chinese user review and coupon site, has landed $60 million from Sequoia Capital and other minor investors in its fourth round of fundraising, and this amount is more than enough to support its operations through 2013, a person familiar with matter said. It got $100 million in venture capital funding last year. The number of its users from mobile devices has exceeded 40 million.
August 9 – Jiangling Motors Corp (SHE: 000550), a Nanchang, Jiangxi province-based light-duty commercial vehicle maker partly owned by General Motors Co (NYSE: GM), said it plans to step into the heavy-duty truck market by acquiring Taiyuan Chang'an Heavy Vehicle Co. No financial details were disclosed. Taiyuan Chang'an says it is capable of producing 50,000 vehicles per year. The deal is pending regulatory approval.
$1 = ¥6.35