LONDON — China Tourism Group Duty Free, the nation’s biggest travel retail operator with more than 80 percent of the domestic market share, on Monday said it has agreed to buy DFS’s travel retail business in Greater China in cash from its current owners LVMH Moët Hennessy Louis Vuitton and its cofounder, Robert Miller. According to the agreement — through its wholly owned subsidiary China Duty Free International Ltd. — CTG Duty-Free will gain control of DFS retail stores in Hong Kong and Macao — excluding ...

Core Insights - L Catterton has entered a strategic partnership with Mao Geping to support the latter's international expansion in high-end retail channels [1] - An equity investment fund will be established to focus on acquisitions and strategic investments in the global high-end beauty sector [2] - Mao Geping's revenue increased by 31.3% to 2.58 billion renminbi, with net profit rising by 36.1% to 670.4 million renminbi for the first half of 2025 [3] Company Developments - Mao Geping's brand includes over 400 stock keeping units across color cosmetics, skin care, and fragrances [3] - Key products such as the Luxury Caviar Cushion and Luminous Light Veiling Pressed Powder each generated over 200 million renminbi in sales [4] - Founders Mao and Wang hold a combined 45% stake in the company [4] Shareholder Actions - Mao, Wang, and four other controlling shareholders plan to reduce their holdings by up to 3.5%, approximately 1.5 billion Hong Kong dollars, due to personal financial needs [5] - Proceeds from the share reduction will be allocated for supply chain investments and personal living standards [5] Previous Investments - L Catterton has previously invested in other beauty brands in China, including Hi!Papa and Blankme [6]

Core Viewpoint - Meiwu Technology Co., Ltd. has signed a non-binding Strategic Cooperation Memorandum of Understanding with Real BioTech to enhance its market share in the beauty industry through a strategic partnership focused on R&D and marine active ingredients [1][2][3] Group 1: Strategic Partnership - The MOU aims to establish a strategic partnership between Meiwu and Real Biotech to expand market shares in the beauty market both in China and globally [1] - Real Biotech will provide R&D support, technical services, and consulting to Meiwu, leveraging its marine biological resources [2] - This collaboration is expected to enhance Meiwu's capabilities in developing beauty solutions that utilize marine active ingredients, a segment driven by increasing consumer demand for natural skincare products [2] Group 2: Long-term Strategy - The partnership aligns with Meiwu's long-term strategy to combine Real Biotech's marine biotechnology expertise with Meiwu's brand operation and distribution network [3] - The collaboration is positioned to capture new opportunities in the evolving beauty industry, delivering enhanced value to customers, shareholders, and partners [3] Group 3: Company Overview - Meiwu Technology Co., Ltd. operates as an integrated platform for R&D, packaging, promotion, sales of functional skincare products, and talent training for retail stores [6] - Real Biotech specializes in marine biotechnology, including R&D, production, and sales of cosmetics and marine biological materials [6]

Core Insights - Liminatus Pharma, Inc. has entered into a Memorandum of Understanding (MOU) with Capital Trust Group Limited for a USD 30,000,000 equity financing to support its immunotherapy research and development [1][2][3] Company Overview - Liminatus Pharma is a clinical-stage immuno-oncology company focused on developing next-generation CD47-blockade therapies, including its proprietary antibody IBA101, aimed at improving treatment for solid tumors [3] Investment Details - The equity financing will be executed through an earn-out mechanism, with funds expected to be remitted after the registration statement for the resale of shares is effective [1][2] - CTG plans to subscribe to newly issued shares of Liminatus, contingent upon compliance with Nasdaq listing rules and U.S. securities laws [2] Future Cooperation - Discussions for further strategic cooperation, including potential digital bond financing programs, are expected to commence in mid-November 2025, pending the signing of definitive agreements [3] Capital Trust Group Overview - Capital Trust Group is a New Zealand-based investment management firm involved in large-scale institutional and blockchain-enabled financing across various sectors, including healthcare [4]

Core Perspective - Keepit has entered into a strategic go-to-market agreement with Ingram Micro to enhance its market presence in Germany and Switzerland [1] Company Summary - Keepit is identified as the world's only independent, cloud-native data protection, backup, and recovery provider [1] - The partnership with Ingram Micro aims to intensify the joint go-to-market strategy in the specified markets [1] Industry Summary - The collaboration reflects a growing trend in the technology ecosystem where B2B platform companies are forming strategic alliances to expand market reach [1]

Core Viewpoint - Senmiao Technology Limited has signed a strategic cooperation agreement with Qinhong International Group to enhance growth and expand its business in the online ride-hailing industry in China [1][3][4] Company Overview - Senmiao Technology Limited, headquartered in Chengdu, Sichuan Province, focuses on automobile transaction services, including sales, financing facilitation, and operating leases in China [4] - Qinhong International Group has been providing financing facilitation support and financial services primarily to small and medium-sized enterprises in Southwest China since its incorporation in 2013 [2] Strategic Cooperation Details - The agreement allows Senmiao to leverage Qinhong's business relationships and customer resources across China [3] - Qinhong will assist Senmiao in securing financing through its extensive relationships with banks and financial institutions when needed [3] Management Perspective - The Chairman and CEO of Senmiao expressed that the cooperation with Qinhong represents a new growth opportunity, aiming to share resources, expand the customer base, and boost revenues [4]