ChemChina sucht vor dem Börsengang von Syngenta nach Finanzmitteln von staatlich finanzierten chinesischen Unternehmen | Nasdaq

China National Chemical Corp oder ChemChina hat im Rahmen einer Umstrukturierung seines Agrargeschäfts vor dem Börsengang laut Angaben von fünf mit der Situation vertrauten Personen von staatlich finanzierten chinesischen Investoren Finanzierungsmittel in Höhe von bis zu 10 Mrd. USD beantragt. Die Reorganisation umfasst den Schweizer Giganten Syngenta.

@ Nasdaq (Englisch) | 19. Januar 2019

ChemChina seeks funding from Chinese state-backed firms ahead of Syngenta IPO | Nasdaq

China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation. The reorganisation includes Swiss giant Syngenta.

@ Nasdaq (English) | December 19, 2019

Toni Piëch, son of auto zar Ferdinand, develops the heart of his electric racing car in China | NZZ

Entrepreneur Toni Piëch spent twelve years of his life in the Middle Kingdom. Now he would like to use this experience for his entrepreneurial ambitions.

@ NZZ (German) | December 19, 2019

Toni Piëch, Sohn des Autozaren Ferdinand, entwickelt das Herzstück seines Elektro-Boliden in China | NZZ

Der Unternehmer Toni Piëch verbrachte zwölf Jahre seines Lebens im Reich der Mitte. Nun möchte er diese Erfahrung für seine unternehmerischen Ambitionen nutzen.

@ NZZ (Deutsch) | 17. Dezember 2019

Chinese companies buy traditional Swiss companies | Die Volkswirtschaft

“Takeovers by Chinese private companies are less in the public eye: Since 2002, private companies have been allowed to make cross-border takeovers. Of the 498 M&A deals by Chinese companies worldwide in 2015, three quarters were made by private companies. Between 2010 and 2017, the share of private companies in China’s gross domestic product rose from around 20 percent to 60 percent. Four fifths of all workers in China are now employed in the private sector.

In Switzerland, more than three quarters of 80 companies with Chinese owners in 2017 came from the private sector. The acquisitions include traditional companies such as the machine manufacturer Saurer, the knitting machine manufacturer Steiger, the drinking bottle manufacturer Sigg, the shoe manufacturer Bally and the design team of the facade manufacturer Schmidlin.”

Acquired company
(founding year)
Product, IndustryChinese investor
(founding year)
Year of the acquisition
Sigg Switzerland Bottles, Frauenfeld
manufacturer of thermos bottlesHaers
Steiger, Vionnaz
textile machineryNingbo Cixing
Designteam Schmidlin, Basel
facade engineeringYuanda
Source: Juan Wu, University of Freiburg (2019)

Read the full article @ Die Volkszeitung:

Who is going to slay Mammut? These potential buyers are campaigning for the outdoor label | Handelszeitung

Mammut should cost around 400 million Francs. The buyers are probably not from Switzerland, but from China or the USA.

@ Handelszeitung | December 11, 2019

Erste Hinweise: Wird Mammut nach China verkauft? | Aargauer Zeitung

The conzzeta conglomerate wants to sell the traditional Mammut brand. Most likely abroad – maybe to China. There are signs that indicate this.

@ Aargauer Zeitung | 9. Dezember 2019

First indications: will Mammut be sold to China? | Aargauer Zeitung

The conzzeta conglomerate wants to sell the traditional Mammut brand. Most likely abroad – maybe to China. There are signs that indicate this.

@ Aargauer Zeitung | December 9, 2019

What could we learn from China’s national AI team (国家队) strategy | SMU Artificial Intelligence Club

“The notion of a national team is usually associated with sports teams representing the nation on the global stage for a shot at glory. These days, with Artificial Intelligence (AI) developments all the rage, nations are creating national teams for the race towards AI superiority. Amidst all the hype that one is exposed to in the media over the possible doomsday scenario about how AI could ruin our lives, governments and businesses across the globe are rapidly positioning themselves to ride the next wave of change.

In 2017, China’s Ministry of Science and Technology (MOST) handpicked 4 of its technology giants, forming a ‘national team’ to lead the way in building open innovation platforms that are accessible through Application Programming Interfaces (APIs). This initiative was created to foster participation and hence innovation in sectors that will increasingly be powered by AI technologies in an effort to support the entrepreneurship of small and medium sized enterprises (SMEs). This national team is expected to contribute in areas such as research and development, sharing data, open source software and ecosystem participation. Moreover, MOST is very supportive in encouraging the deployment of these technologies at the provincial level. This includes providing resources and access to city infrastructure to allow for proof of concepts to scale. (DigiChina, 2019)”

Read the full article @ SMU Artificial Intelligence Club on Medium:

Collaboration Between the Swiss and Chinese FinTech Ecosystems |

The Zurich and Singapore based FinTech Incubator & Accelerator F10 has signed a Memorandum of Understanding with the Chinese Zheshang Venture Capital Company Ltd to create more opportunities for investment and Startup development within the F10 ecosystem at the “Zurich Lake – West Lake” forum for FinTech and Wealth Management.

@ | December 4, 2019

For China, the 2020s will be a difficult decade | CapX

“At the dawn of the 2020s, China is facing challenges that are perhaps the most serious since the death of Mao Zedong in 1976.

Until relatively recently, these were predominantly home-grown problems gathering momentum slowly over the last decade or so. They have become accentuated, though, by the emergence of a new, repressive governance system under President Xi Jinping, and, in the last two years by the so-called trade war and the eruption of instability in Hong Kong. In the 2020s, China’s growth is likely to continue to slow to about 3-4% a year. A ‘recession with Chinese characteristics’ is not out of the question.

We should pay close attention. Slower growth and the rising risk of a significant fall in the value of the yuan in the next few years could easily choke the narrative that China will become the biggest economy in the world. This would have a significant impact on how China, and we think about everything from economics to foreign and security policy in the global system.”

Read the full article @ CapX: