Week in Review: China's $17T Import Plan, Volvo's US Expansion, Cedar Fair-Six Flags Merger
Week of 6 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 will further expand market access and increase imports, with imports expected to reach ~$17 trillion in the next 5 years (RT)
Global funds dumped another $3 billion in China stocks in October (Reuters)
China and Central Asia reach numerous Belt & Road Initiative Agreements (SRB)
Abu Dhabi weighs investment pledges worth $50 billion for India (Bloomberg)
🌎 Business Expansion Updates
Volvo Cars is exploring an investment into US expansion (FT)
Chinese EV maker, BYD, to build first Europe plant in Hungary (Reuters)
AWS is set to open its new cloud region in Malaysia next year (Amazon)
⚖️ Legal & Regulatory Updates
The Economic Crime & Corporate Transparency Act in the UK received Royal Assent (Gov.UK)
🤝 Deal Highlights - Notable M&A / finance transactions
After Amazon, Google plans to invest $2 billion in AI startup, Anthropic (Tech Portal)
Theme park operators Cedar Fair and Six Flags Entertainment agreed to merge to create a combined company worth $8B, including debt (Reuters)
TPG-backed hospital operator Columbia Asia and a consortium led by Affinity Partners emerged as the two shortlisted bidders for buying $1B Asia-focused private hospital group Ramsay Sime Darby Health Care (WSJ)
Nasdaq completed its $10.5B acquisition of software provider Adenza, which will help the company transform into a full-fledged financial services firm (Bloomberg)
Zegona Communications will buy telecom Vodafone Group’s Spanish business in a deal valued at as much as $5.3B, including debt (Bloomberg)
Learn new terms this week
Artificial Intelligence: 人工智能 (rén gōng zhì néng)
QR Code: 二维码 (Èr wéi mǎ)
Digital wallet : 电子钱包 (diàn zǐ qián bāo)
Let us know what topics and language interest you here!
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