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| Sara Hsu |
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| Shaun Rein |
“Fosun is regaining pace – it seems like a signal that political pressure is easing for the company,” said Shaun Rein, the managing director of Shanghai-based market intelligence company China Market Research and author of The War for China’s Wallet: Profiting from the New World Order.
“Brazil is attractive given its market size and population. The asset prices are also attractive there, compared with those in Southeast Asia, which gained a lot of investment from China last year,” he said.
More at the South China Morning Post.Tuesday’s deal is the second acquisition of a Brazilian financial institution by Fosun. In July 2016, the group bought Brazilian fund manager Rio Bravo Investimentos, its first acquisition in Latin America.
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| William Bao Bean |
“The focus for the partnership with 99 is on developing the enormous, untapped potentials of Brazilian and Latin American markets,” said Didi, adding that it has “a very firm commitment to a globalisation strategy”.
“The war on one front is now being fought everywhere, globally,” said William Bao Bean, partner at SOSV, the Chinese software start-up accelerator. “Before it was fine to be the top app in China or in the US. That’s no longer enough for Uber or Didi.”
Didi has also invested in Lyft, Uber’s main US rival, as well as GrabTaxi, which is popular in Southeast Asia. The three car-sharing apps are part of a global anti-Uber alliance in which users of one app can hail the others’ cars when travelling abroad.More in FTChinese.
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| +Arthur Kroeber |
Arthur Kroeber, a U.S. economist, said in a speech here Tuesday that China's real-estate sector has already reached its peak and therefore Brazil "must find other growth mechanisms."
Kroeber added that Brazil must be aware that the recent sharp rise in raw-material exports to China will come to an end and cannot pin its growth prospects on a boom period. Driven over the past two decades by rural dwellers' large-scale migration to the cities and urban residents' desire to upgrade to more modern homes, China's housing market may remain strong for some time but is eventually headed for a fall, the expert said.
He predicted that Chinese President Xi Jinping's government will take steps to slow the pace of the downturn and maintain China's construction industry afloat over the next five years, saying those policy actions also will keep demand for Brazilian steel stable. China is the biggest market for iron-ore exports by mining giant Vale, Brazil's second-largest company and the world's biggest producer of that base metal, the main ingredient in steel-making.
"You have to be realistic. The demand for raw materials will never be the same," Kroeber said, adding that "Brazil must seek out new opportunities and see where it can gain an advantage because the game is going to change completely."More at Latino Foxnews.
Ben Bernanke via WikipediaGlobal investors are rightly worried that with the U.S. money supply growing the value of the dollar will continue to drop. So what are they doing? Companies like Apple, General Electric and Pepsi are investing in emerging markets like Brazil, India and China that are rebounding better from the crisis. The result is massive asset bubbles in those places that could create great volatility if they popped.
In other words, Bernanke is unleashing America's economic woes and bubbles on the rest of the world. America's closest allies like Germany and Brazil are protesting, sensibly, as are the Chinese. They don't want Bernanke to fob off America's problems onto them.More in Forbes
 Shaun Rein by Fantake via Flickr |
Image by Fantake via Flickr
