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Investments in China: IAC, Johnson Controls, Alcoa
Wednesday, September 14, 1:10 PM ET

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 including additional projects in the U.S. and Germany 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.

For MarketNewsVideo.com, I'm Kristin Bianco.

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