Suning buys stake in online TV group PPTV

David Wang and Meka Meng have joined from Paul Hastings in Shanghai and Beijing.

Shell’s $1.8bn sale of Sprng Energy to a BlackRock-backed Aditya Birla unit highlights a growing strategic divergence as European majors recycle capital while Asian conglomerates aggressively scale their clean energy portfolios.

Alibaba and Tencent are making huge bets on China’s sports broadcasting industry that was once dominated by LeEco and Sina. But they are unlikely to be profitable in the short term.

The former Nomura, UBS and Deutsche Bank banker brings more than 25 years of global M&A and strategic advisory experience.

Investors show faith in the Alibaba founder's golden touch as his Yunfeng Capital pulls off a lucrative funding round amid a wider downturn. E-commerce rival Suning is among the investors.

By agreeing to take a 20% stake in the brick-and-mortar home electronics retailer, the e-commerce giant is banking on the success of the online-to-offline business model.