Tsinghua Unigroup

MNCs in the News-2017-03-31

Chinese government financial institutions intensify their backing for China’s “Made in China 2025” initiative and press non-governmental bodies to increase their support. Chinese law on joint ventures with specific requirements regarding new energy vehicles alarms foreign carmakers which fear they will be required to transfer technology. Beijing Intellectual Property Court supports Apple on design patent dispute with Shenzhen Baili. United States Trade Representative office issues report on trade barriers, highlighting many problems relating to China’s treatment of American companies in China. Chinese officials continue to defend their intensified oversight of Chinese outward investment. Tsinghua Unigroup garners massive new aid pledges from the China Development Bank and China national chip fund. Myanmar reportedly will restart construction on a China financed oil pipeline. Last week, the Chinese business community in Kenya establishing a lobbying group. Westinghouse’s bankruptcy filing means troubled Toshiba faces a potential net loss of USD $9 billion net loss in 2016. Russia and Japan discuss plans for investment projects and other joint cooperation on the disputed Kuril Islands. SK Innovation Co. freezes the operations of its battery packing plant in China, denying they relate to Chinese economic sanctions against Korea. Doosan Heavy Industries & Construction Co. secures Saudi Arabia seawater desalination deal worth over USD $400 million. Mining giant PT Freeport Indonesia agrees to convert its contract of work into a special mining permit, providing a potential basis for a settlement of its disputes with the Indonesia government.

MNCs in the News-2015-12-11

Cisco says it will give its source code to no one while seeking a “win-win” arrangement with China. Chinese media report that Google has set up a shell company in the Shanghai Free Trade Zone. Chinese Ministry of Commerce (MOFCOM) official says that the government will work to facilitate greater outward investment by Chinese firms. Chinese nuclear firms radiate over opportunities presented by China’s Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. Taiwan struggles to set policy regarding mainland Chinese investment in its chip sector. Chinese firms look to expand abroad to escape limits on their ability to test and sell GMO crops at home. Following the China-Africa summit, Chinese firm wins new railway deals with Kenya. Japan to sign major high-speed rail contract with India. Japanese firms will participate in Brazil urban rail projects. Korean Finance Ministry will create a major fund to support Korean businesses in China. Samsung Engineering scores major petrochemical project awards from Petronas. Nestle acknowledges some working in its Thai seafood supply chain are treated like modern-day slaves. Former Malaysian (Sabah) Chief Minister believes government can create the conditions facilitating a Chinese firm building a bridge connecting Labuan and Sabah. China Railway Engineering Corp. makes investment in Malaysia to lay a possible foundation for bidding on a high-speed rail link between Kuala Lumpur and Singapore.

MNCs in the News-2015-10-02

Chinese government agencies stress to foreign businesses that they will do more to create a supportive investment environment. China investigates Schindler for possible bribery. Non-governmental organization calls attention to alleged mistreatment of workers at Apple supplier. China’s Ministry of Commerce fines Bombardier and CSR Nanjing Puzhen, for creating a joint venture prior to obtaining necessary approvals. MOFCOM hits Microsoft and its Xbox game console partner Shanghai Oriental Pearl Media for minor violation of antitrust rules. Private and high-tech Chinese firms achieve a newfound high profile in the business delegation accompanying Chinese President Xi Jinping on his state visit to the US. Unisplendor takes 15 percent stake in Western Digital. Indonesia leaning towards China for Jakarta-Bandung medium-speed rail, but keeps the door open for Japan. Foreign investment in Indonesia’s commodity sectors like mining stagnates. At the 13th World Chinese Entrepreneurs Convention, Indonesia calls for Chinese investment in value added manufacturing, infrastructure, and downstream activities. The European Association for Business and Commerce says European firms still see Thailand remains an attractive destination for investment. Singapore’s state-linked infrastructure firm Sembcorp will join with Bangladesh to build a power plant. Vietnamese industrial parks prove successful in drawing in foreign investment. Vietnam becomes a leading investor in Cambodia.

MNCs in the News-2015-08-28

China dials up new leadership at its telecommunications giants. Tsinghua Unigroup attempts to chip away at opposition to its purchase of Micron Technology. China investors see stable investment returns on offer in the UK. China’s Yunnan province pushes infrastructure construction to support the One Belt, One Road (OBOR) and other initiatives. Alibaba given 6-month extension to operate in Taiwan while Taiwan appellate body review its case. Japan strives to strengthen its medical and pharmaceutical firms. Japan and Mekong River nations adopt “Mekong Industrial Development Vision.” Japan and China competition to build high-speed railway in Indonesia reaches its final stages. Korea touts its advantages and pursues new policies in order to double inward foreign direct investment (FDI). Korea orders recalls of select Ferrari cars, Harley Davidson motorcycles, and Volvo trucks due to various defects. Toyota puts the brakes on Prius production in Thailand due to tariff dispute. Foreign business leaders in Thailand believe Erawan Shrine bombing will not influence FDI inflows. Investors express complain about the vagueness of Vietnam’s new foreign investment guide.

MNCs in the News-2015-08-14

Inward FDI into China in July shows decent growth. China’s State Council works on the distribution of a draft automobile sector antitrust policy. Vice Chairman of the Shanghai Association of Enterprises with Foreign Investment lauds contribution of foreign firms to Shanghai’s innovation. Qualcomm partnership with Semiconductor Manufacturing Industrial chips away at competitors. Tsinghua Unigroup is on the move to bolster China’s domestic telecommunication chip capabilities. Chinese outward foreign direct investment soars in first six months of the year versus the prior year. Chinese firms pour money into Germany. Mitsubishi Materials works to settle restitution cases with Chinese laborers. South Korean companies very willing to work in North Korea. Japanese and Chinese battle to win high-speed rail opportunity in Indonesia. Indonesia Investment Coordinating Board (BKPM) one-stop service wins new rights to permits for the oil and gas sector and minerals and coal mining sector.

MNCs in the News-2015-07-17

Food labeling scam smears name of German grocery chain in China. Tsinghua Unigroup Ltd. to bite at US chipmaker Micron Technology. China pursues investment in European Fund for Strategic Investments. Chinese solar firms invest overseas to jump trade barrier walls and diversify. Huawei connects to EU 5G Public Private Partnership. Malaysian Investment Development Authority touts the country’s jump in a Foreign Policy magazine ranking of foreign investment destinations. Malaysian officials encourage Chinese investment in non-construction sector and in building up Malaysia’s internal transportation network. Vietnam holds forum to solicit expect views on foreign investment in the agricultural sector. Vietnamese software firm gains coveted license to run wholly owned telecommunications service operation in Myanmar. Google adjusts name of disputed South China Sea reef in response to Filipino protests.

MNCs in the News-2015-05-29

Hewlett-Packard (HP) sells majority stake in Chinese networking division to Tsinghua University. Beijing will open its service sector to spur greater foreign investment. Blocked Twitter actively courts Chinese companies at Shanghai event. China’s Ministry of Industry and Information Technology contemplates new software security guidelines. Chinese gold miners in Sudan face unexpected loss of business opportunities due to sudden government termination order. Japanese Prime Minister Abe proposed huge increase in infrastructure financing to aid Japanese businesses and counter China. Indonesia’s Investment Coordinating Board and Indonesian Consulate General in Osaka sign agreement to cooperate on attracting Japanese investment into Indonesia’s maritime sector. Indonesia reaffirms it will takeover Total’s Mahakam gas block and a PT Freeport Indonesia controlled gold site. Vietnam expects law changes to spur new foreign direct investment (FDI) flows into its construction sector. Russia and Vietnam probe expanded investment cooperation.

MNCs in the News-2015-03-06

China’s draft counterterrorism law raises substantial concern among foreign companies. Foreign technology firms struggle to determine best way to defend their interests in China. Deputy Commissioner of State Intellectual Property Office (SIPO) asserts China’s intellectual property laws are not used to discriminate against foreign technology businesses. Premier Li Keqiang proclaims China will significantly revise Foreign Investment Catalog to reduce foreign investment restrictions. American Chamber of Commerce in Shanghai report indicates costs and operating challenges most concern foreign firms in China. Alibaba confronts penalties in Taiwan. Connecticut’s Attorney General investigates Lenovo’s pre-loading of Superfish software. Japan works to limit the power of Google. Japan moves to facilitate foreign investment with one-stop office. South Korean business and government leaders push multi-dimensional opportunities between the two countries. POSCO partners with Saudi Arabia sovereign wealth fund about possible automobile joint venture in Saudi Arabia.