Lenovo Group Ltd. made the largest overseas technology acquisition by a Chinese firm this month when it acquired a server business from International Business Machines Corp. Repeating the trick less than a week later took a little help from Google Inc.
Lenovo Group Ltd. will pay International Business Machines Corp. a fee that’s more than double the typical size should it fail to acquire IBM’s low-end server unit, people familiar with the matter said.
Beijing Jingdong Trading Co., the Chinese online retailer backed by Saudi Prince Alwaleed bin Talal, plans to raise about $2 billion in an initial public offering in the second half, three people with knowledge of the matter said.
The U.S. needs to address rising debt and reduce political discord if it wants further investment from foreign companies such as Volkswagen AG, the top U.S. executive for Europe’s biggest carmaker said.