Tag Archives: China

Kiwa Digital Ltd (KIWA), a world leading production house for experiential digital books based in New Zealand, is to deliver interactive cartoon stories to mobile devices in China. In a breakthrough international publishing and licensing agreement with leading Chinese television company, Beijing Kaku Media, KIWA will bring popular children’s characters to life digitally in the Chinese language. The agreement was …

Fonterra Cooperative Group, the world’s largest dairy exporter, has acquired 18.8 percent of Shenzen-listed Beingmate Baby & Child Food, falling short of the stake of up to 20 percent it was seeking in a partial tender offer. The transaction, valued at 3,464 million RMB (NZ$755 million) is well above the $615 million Fonterra indicated it would cost for a 20 percent …

Economic reform in China, one of New Zealand’s largest trading partners accounting for 22 percent of exports, is a lower priority than trying to save the future of the Communist party, according to Wall Street Journal columnist Andy Browne.  Speaking at a WSJ-organised event in Auckland on the future of New Zealand-China relations, Browne said the Chinese economy, the world’s second largest, is under …

Synlait Milk, the listed dairy processor, has cut its forecast market milk price for the 2014/2015 season along with a corresponding decrease in advance rates to farmers due to depressed global dairy prices.  The Canterbury-based company lowered its forecast payout to $4.40 per kilogram of milk solids from a previous forecast of $5.00/kgMS, it said in a statement. The move follows dairy …

Kiwi scientist Dr Phil Rolston has been awarded the Chinese Government’s most prestigious science prize for his work in grasslands seed development.  Dr Rolston, Senior Scientist at AgResearch Lincoln, received the award at a ceremony in The Great Hall of the People which was attended by President Xi Jinping, Vice-Premier Li Keqiang, and Minister of Science and Technology Wan Gang. …

Jenny Morel’s venture capital firm No. 8 Ventures and Martin Aircraft Co founder Glenn Martin plan to cut their stakes in the jetpack business ahead of a planned initial public offer, which will see China-based investor KuangChi Science invest A$50 million to take a majority holding in the firm.  The Christchurch-based company has changed the terms of its offer, which will see the firm list on …

New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public offering on the Australian Stock Exchange to commercialise its single person flying machines, with a commitment of A$50 million ($53 million) to fund a 30 month commercialisation plan, from Hong Kong Stock Exchange-listed KuangChi Science.  In return, KuangChi Science …

The Chinese government has its eye on an unknown number of New Zealand-resident Chinese citizens who are thought to have established themselves here with funds obtained through corrupt practices, the Prime Minister, John Key, says.  The issue came up in talks between Key and the Chinese president, Xi Xinping, during his three-day state visit to New Zealand last month and …

Delegat’s Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percent in the next five years. The Auckland-based company set up an in-market sales team in Japan this year and plans to do the same with three to four staff in Shanghai next year to push …

By Alan Oxley Last week’s APEC Leaders’ Meeting in Beijing was more significant than many business leaders realise – and certainly more important than the anti-trade protests that gained headlines across New Zealand. For the first time, there was a genuine agreement – and push — on  a broader Free Trade Agreement for the Asia Pacific (FTAAP). The prime mover …