Week in Review: China Expands Visa-Free Policy, EU-NZ Trade Deal Greenlit, Broadcom Acquires VMWare for $61 Billion
Week of 27 November
👋 Hello and welcome to this week's edition of Business Beyond Borders, brought to you by Bluente, where we highlight the most important cross-border news every week
📰 News flash around the world
China trials visa-free entry for six countries (BBC)
South Korea welcomes new rules easing chip tool shipment to China (Nikkei)
Greece-China maritime partnership grows (Maritime News)
Council gives final green light to EU-New Zealand free trade agreement, which could go into force in early 2024 (EU)
Indonesia and Australia sign MOU on EV collaboration (ASEAN Briefing)
🌎 Business Expansion Updates
Hyundai Motor, remains committed to spearhead the market expansion plan of the electric vehicle industry in Indonesia (Borneo)
SK Telcom, a South Korea telco company, partnered with three IT companies in SEA to accelerate its metaverse strategy in this region (KED Global)
Amazon enters into a strategic partnership with Hyundai (Source)
Italian spirit group, Campari, signs MOU with China’s Wuliangye for a strategic partnership around product co-creation, marketing & branding, channel and cross-market expansion (CNA)
⚖️ Legal & Regulatory Updates
Singapore announces new rules to safeguard retail investors in cryptocurrency trading (Yahoo)
Shanghai International Arbitration Centre has launched new rules, including new provisions for emergency arbitration and disclosure of funding arrangements (HSF)
The Ministry of Electronics and Information Technology of India is working on a policy to regulate deepfakes (India Today)
🤝 Deal Highlights - Notable M&A / finance transactions
Broadcom completes its $61 Billion acquisition of software maker VMWare (Bloomberg)
State Grid Corp. of China’s Brazilian unit is seeking to raise ~$1B by selling a 25% stake (Bloomberg)
Canadian energy company, Capital Power, will acquire two US-based natural gas-fired generation facilities in California and Arizona for $1.1B (Reuters)
Coca-Cola Europacific Partners and Aboitiz Equity Ventures will jointly acquire Coca-Cola Beverages Philippines from The Coca-Cola Company for $1.8 Billion (Yahoo)
Learn new terms this week - Did you know? We have just launched Indonesian in-app!
Wallet: Dompet
Decentralized Exchange: Pertukaran terdesentralisasi
Private Key: Kunci pribadi
Let us know what topics and language interest you here!
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