Citic

4 results

Logo of China National Chemical Corp, or ChemChina. Photograph: Reuters

ChemChina and Sinochem are planning to merge next year, creating the world’s biggest chemicals group with $100 billion of revenues, according to senio(...)

AC Milan’s Carlos Bacca in action against Juventus’s Miralem Pjanic this week. Beijing Guoanin would be more valuable than AC Milan under this deal. Photograph: EPA

A football club in the Chinese Super League has been sold to a local property developer at an equity valuation of more than $800 million (€750 million(...)

Customers eating  at a McDonald’s store in Beijing, China. The fast-food chain is to sell the majority of its businesses in   China and Hong Kong for $2.08 billion.

McDonald’s is to sell its businesses in mainland China and Hong Kong for $2.08 billion to Citic, a state-owned conglomerate, and the Carlyle Group, a(...)

Guo Guangchang: the Fosun chairman  is just the latest in a series of senior business figures to fall foul of a widening dragnet into corruption and abuse of power.  Photograph: Getty Images

When Guo Guangchang, co-founder and chairman of China’s biggest private investment conglomerate Fosun, disappeared for a day and a half earlier this m(...)