Inside these posts: Hong Kong

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Feb. 14 at 5:22 a.m.
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Filed under: Exchanges, M&A

Hong Kong exchange could consider CBOE merger

By Reuters

(Tim Boyle/Bloomberg)

Hong Kong Exchanges and Clearing Ltd. may knock on the doors of the tech-heavy Nasdaq or Chicago’s CBOE as the world’s most valuable stock exchange operator eyes a partner amid a frenzy of merger activity engulfing the sector.

Despite their geographical proximity, political, economic and organizational challenges make any potential marriage between the HKEx and the Shanghai or Shenzhen stock exchanges difficult.

“If I am the Hong Kong exchange, I would be trying to approach the bigger U.S. stock exchanges like Nasdaq right now,” said Ronald Wan, managing director of the Hong Kong unit of China Merchants Securities. Get the full story »

Dec. 1, 2010 at 10:54 a.m.
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Filed under: China, International, Internet, M&A, Updated

Groupon buys 3 Asia sites as part of shopping spree

By Wailin Wong

Chicago-based Groupon has offices at 600 W. Chicago, pictured here on Nov. 30, 2010. (Phil Velasquez/Chicago Tribune)

Daily deal startup Groupon is on a shopping spree of its own, even amid feverish speculation that Google is on the verge of making a big offer for the Chicago company.

Groupon said late Tuesday it has bought three daily deal sites based in Asia, moving the company into Hong Kong, Singapore, the Philippines and Taiwan. Terms of the deals with uBuyiBuy, Beeconomic and Atlaspost were not disclosed. Groupon’s first foray into Asia was in August, when it acquired a Japanese rival. The company said it is now in 35 countries.

Closer to home, Groupon has acquired Ludic Labs, a Silicon Valley technology company, for an undisclosed amount. Groupon said Ludic Labs’ most well-known products are Offer Foundry, an advertising and promotional platform for local businesses, and Diddit, a Web-based community where members can browse through local activities and attractions. Ludic Labs and Groupon have both raised money from Accel Partners, a Silicon Valley venture capital firm. Get the full story »

Nov. 24, 2010 at 6:00 a.m.
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Filed under: China, International

Caterpillar to offer yuan bond

By Dow Jones Newswires

U.S. construction equipment maker Caterpillar Inc. plans to issue a 1 billion yuan, or $150 million, two-year bond issue in Hong Kong, people familiar with the situation said Wednesday, becoming the second non-financial multinational company to tap the city’s growing yuan-denominated bond market. Get the full story »