Bloomberg KKR & Co. said it is taking over Taiwanese company LCY Chemical Corp. in a deal valued at $1.56 billion, as the global buyout firm seeks to make additional majority stakes purchases in Greater China. A consortium led by New York-based KKR agreed to acquire all of LCY’s shares for NT$56 each, a 17.3 percent premium to July 20’s ...

Bloomberg Online fashion retailer Farfetch UK Ltd is buying a Chinese digital marketing agency to help sell luxury brands to consumers on Tencent Holdings Ltd.’s WeChat messaging service. Farfetch is acquiring CuriosityChina and will integrate it into its services division, providing the likes of high-end shoe designer Manolo Blahnik with packages of digital solutions. It’s been trying to boost its ...

Bloomberg China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offering, people with knowledge of the matter said. Hillhouse funds and Taobao China Holding Ltd. are among the 10 firms that agreed to buy about $1.4 billion of stock as ...

Bloomberg Taiwan Semiconductor Manufacturing Co. climbed the most in almost three years as investors focussed on its prediction that the outlook for high-priced devices would be strong in the second half. Shares in the world’s largest contract chipmaker rose 5.8 percent to NT$237.50 in Taipei. Executives said they expected demand for premium devices — such as Apple Inc.’s iPhone — ...

Bloomberg Peter Thiel is considering strategies to invest in Chinese startups as US venture capital firms seek a piece of the country’s fast growing technology sector, people familiar with the matter said. The conservative billionaire is weighing different approaches for investment, including raising a fund directly or through a partnership, two of the people said, asking not to be identified ...

We Americans have long been obsessed with economic growth — “pros- perity” in everyday lingo. The idea that we have some sort of special aptitude for invention, wealth creation and economic self-improvement is part of our imagined national character. It’s who we are. Not only that, but prosperity plays a crucial political role. It enables us to raise living standards ...

The escalating trade war is forcing automakers to rethink how they do business. BMW AG has just put its chips on the table in China. The German company could become the first foreign carmaker to own a majority stake in a Chinese joint venture as it mulls a new ownership structure for its arrangement with Brilliance China Automotive Holdings Ltd., ...

If something cannot go on forever, well then, it will eventually stop. So said economist Herbert Stein when he made this obvious but insightful observation. Trees do not grow to the sky, and matters that are truly unsustainable eventually come to an end. The most recent example of something that can’t go on forever has been the inflows into low-cost, ...

Announcing plans for additional tariffs on $200 billion of imports, the Trump administration has taken another dangerous step toward escalating its trade war on China. China’s response, so far, has been measured, and that’s encouraging. The US Congress has managed only the feeblest gesture of protest, and that’s disgraceful. The president has told US Trade Representative Robert Lighthizer to draw ...

The European Commission had solid antitrust reasons for fining Google 4.3 billion euros ($5 billion) for violations including the bundling of certain apps with the Android operating system — and for not going after Apple for similar behaviour. Yet, from a consumer’s point of view, Apple should get the same kind of attention. The most important infraction by Google in ...