March 5 – Anheuser-Busch InBev NV (NYSE: BUD) and two Chinese brewers have proposed purchasing Kingway Brewery Holdings Ltd (HKG: 0124), a leading beer brand in Guangdong province, and will spend six to eight weeks conducting due diligence, a person with knowledge of the matter said. Kingway, which is currently worth $660 million, plans to sell all of its assets except for two breweries, the person said. The two Chinese bidders are China Resources Snow Breweries Ltd, a subsidiary of China Resources Enterprise Ltd (HKG: 0291), and Beijing Yanjing Brewery Co (SHE: 000729), a subsidiary of Beijing Enterprises Holdings Ltd (HKG: 0392).
March 2 – Toyota Motor Corp (NYSE: TM) said its sales in China grew 51.3% in February to 66,800 vehicles. The Japanese automaker sold a total of 125,500 vehicles in the first two months of 2012, up 1.5% from a year earlier, said Takanori Yokoi, a Toyota spokesman.
February 28 – McDonald's Corp (NYSE: MCD) said it plans to increase its investment in China by 50% and open 225 to 250 restaurants, creating 15,000 jobs, this year. The nation, in which the fast food giant was operating 1,400 restaurants as of the end of 2011, has become its third largest market after the US and Japan.
February 28 – Intel Corp (NASDAQ: INTC) unveiled partnerships with handset makers in China and India, and said it is working with Visa Inc (NYSE: V) on securing mobile payments, continuing the chip maker's push in the mobile phone market, the Wall Street Journal reported.
February 28 – Yum! Brands Inc (NYSE: YUM) said it plans to invest ¥700 million opening at least 150 Pizza Hut restaurants with a focus on third and fourth-tier cities in China in 2012, taking the total number to 775.
$1 = ¥6.3
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