U.S. lawmakers revise bill aimed at Chinese chipmaking industry

U.S. lawmakers have revised proposed legislation aimed at restricting China’s access to advanced semiconductor manufacturing equipment, scaling back some of the more expansive measures included in earlier drafts. The updated proposal reflects ongoing debates over how far export controls should go in the global technology race. The bill,......

Kering to acquire stake in Chinese luxury brand icicle

French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the Chinese luxury market, which remains one......

Eqt relaunches sale of ginko with billion-dollar valuation target

Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based private equity firm Advent International......

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