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Media Focus on Multinational Corporations [2017.9.22]

Chinese internet giant Tencent Holdings Ltd will subscribe for approximately 207.5 million new H shares of China International Capital Corp Ltd, CICC announced on its official website Wednesday. The subscribed shares account for 12.01 percent and 4.95 percent of the total issued H shares and the total issued shares of CICC on a fully diluted basis respectively, CICC said. (China Daily)

Leshi Holding (Beijing) Co, the company controlled by LeEco founder Jia Yueting, has repaid debt of more than 100 million yuan ($15 million) to its suppliers, according to a report by Securities Daily.(China Daily)

Chinese tech giant Huawei Technologies Co has surpassed Apple Inc for the first time as the world's second-largest smartphone vendor in June and July, a new report said. According to the latest research by consultancy Counterpoint Research, Huawei has overtaken Apple in global smartphone sales consistently in June and July. With August sales looking strong for the Chinese vendor, a hat-trick for Huawei could be on the cards. (China Daily)

Walgreens Boots Alliance (Walgreens) said on Tuesday that it has got regulatory approval to buy Rite Aid Corp. (Rite Aid) stores for 4.38 billion dollars. The Illinois-based drugstore chain secured clearance for a revised deal under which it will buy 1,932 stores, three distribution centers and related inventory from Rite Aid, Walgreens said in a press release. (Xinhua)


Debate over whether Chicago should bid for Amazon's second headquarters heated up as Mayor Rahm Emanuel officially announced on Wednesday that the U.S. city is seeking nomination. People who support the bid believe the giant online retailer will bring great benefits to Chicago. For Chicago warehouse owners, Amazon effect is already big, said a report by Chicago Tribune. Amazon signed five of Chicago's 13 largest leases in the past year. The five new deals are for about 4.8 million square feet (446,000 square meters) combined, cited the Tribune. (Xinhua)


Toshiba Corp. will sell its prized chip unit to a Japan-U.S.-South Korean syndicate with its joint venture partner Western Digital Corp. now out of the running, sources with knowledge of the matter said Wednesday. The syndicate, which includes the state-backed Innovation Network Corp. of Japan, the Development Bank of Japan, South Korean chipmaker SK Hynix Inc. and four U.S. tech firms, will pay around 2.4 trillion yen (21.52 billion U.S. dollars) for Toshiba Memory Corp. (Xinhua)


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