Shanghai Xuhui signed strategic cooperation agreements with 14 state-owned enterprises including Lingang group and Shanghai real estate

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Dutech Acquires Selected Accell Assets, Expanding European Bicycle Portfolio

Singapore-based Dutech Holdings has completed the acquisition of selected brands and assets from bankrupt Dutch bicycle group Accell, expanding its European bicycle business through a deal that combines established consumer brands with local manufacturing operations.

Anjoy Agrees to Acquire 60% of Singapore’s IFC for US$30.5 Million

Anjoy Foods Group (安井食品) has agreed to acquire 60.0005% of Singapore-based International Foodgnostics Corporation Pte. Ltd. (IFC) for US$30.47 million in cash. The proposed acquisition would add frozen bakery capabilities and operations in China, Singapore and Malaysia.

Robam and Controlling Shareholder Plan Up to CNY 1.3 Billion to Fund iTronics Acquisition

Hangzhou Robam Appliances (老板电器) and its controlling shareholder plan to contribute up to CNY 1.3 billion to fund the proposed acquisition of 60% of iTronics Holding Limited, expanding the kitchen-appliance maker’s access to North American and European sales channels. Robam’s board approved the funding proposal on October 9; shareholder approval and completion remain pending.

Astribot Raises CNY 1 Billion at Reported CNY 15 Billion Valuation to Expand Robot Production

Astribot (星尘智能), a Shenzhen-based developer of cable-driven AI robots, has completed a CNY 1 billion financing round at a reported valuation of CNY 15 billion, according to reports published on October 13. The company plans to use the proceeds for model development, recruitment, production capacity and commercialization, following the start of shipments of its lower-priced T1 robot in June.