There is news today of several corporations making investments in China.
Internet media company IAC (NASDAQ:IACI) said its internet dating site Match.com has acquired a 20% interest in Zhenai, an online matchmaker in China.
Terms of the investment were not disclosed.
Zhenai has a user base of 30 million members, and commands subscription rates for subscriber access to professional matchmakers.
Also today, auto components maker Johnson Controls (NYSE:JCI) said it plans to invest in a battery plant in China.
The company will invest $100 million to build a start-stop battery plant, to help produce millions of start-stop batteries annually by 2015 for automakers.
Johnson Controls will invest a total of $520 million worldwide ñ including additional projects in the U.S. and Germany ñ to produce the batteries.
And, Alcoa (NYSE:AA) said today it has signed a letter of intent with the China Power Investment Corporation, which provides a framework for a joint venture on producing high-end fabricated aluminum products in China.
Alcoa said the new venture's world-class facilities will be well positioned to capture growth in the Chinese automotive, aerospace, packaging and consumer electronics markets. Terms of the deal were not disclosed.
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