December 22 – Yahoo! Inc (NASDAQ: YHOO) is considering cutting its 40% stake in Alibaba Group Holding Ltd to about 15%, Bloomberg reported, citing two people briefed on the matter. The deal, which may let Alibaba – China's largest e-commerce service provider – repurchase the stake in a tax-free manner, values the Asian assets at $14 a Yahoo share, or more than $17 billion, one of the people said. Yahoo also would sell all of its stake in Yahoo Japan Corp in the deal, this person said.
December 21 – China Investment Corp and Global Logistic Properties Ltd said they would equally share a combined $1.6 billion to purchase 15 logistical facilities in Japan from LaSalle Investment Management.
December 21 – China CAMC Engineering Co (SHE: 002051), a construction contractor, said it would pay $116 million for a 60% stake in Procon Holdings (Alberta) Inc, a Vancouver-based miner, paving the way for its attempt to explore the North American market.
December 21 – Xiaomi.com, a Beijing-based Android handset developer, has received $90 million in venture capital funding, taking total funding to $131 million, chairman Lei Jun said. The latest investors were Morningside, Qiming Ventures, IDG, Shunwei, Temasek China and Qualcomm.
December 20 – Hainan Haiyao Co (SHE: 000566) said its wholly-owned subsidiary, Haikou Pharmaceutical Co, plans to purchase 50% of Taizhou Yiming Pharm & Chem Co for ¥19.5 million.
December 16 – The value of China-involved mergers and acquisitions in the year through December 12 totaled $180.82 billion, down 4% from the same period a year ago, according to Thomson Reuters.
$1 = ¥6.33