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Insights
11-Mar-19 Alibaba Group will take a 14% stake in STO Express through a USD693 mn exchange for a 49% stake, making this the e-commerce giant's fourth significant investment in a Chinese courier company. [image: Reuters / Aly Song]
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06-Mar-19 Singapore's Fortrec has completed the acquisition of and re-started its refurbished aromatic solvents refinery in Ulsan, Korea. The facility, with a 60,000 tonnes per year capacity, is the culmination of a nine-month acquisition by Fortrec. [image: Exsoft]
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02-Mar-19 Chubb Insurance has received approval from the China Banking & Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group, making Huatai the first Chinese financial services holding company to convert to a Sino-foreign equity joint-venture. [image: Body Shop Business]
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Insights
21-Feb-19 After weathering storms of bad loans and profitability, Axis Bank has set its sights on an insurance business acquisition within a year, according to CEO Amitabh Chaudhry. Peers ICICI and HDFC already have life- and non-life insurance operations. [image: Business Today]
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