New Chinese Takeaways..

Hot on the heels of last week's prediction of a major shift of investment East to West (Alibaba: They came from the East, www.retailiation.com March 25th),  two stories in today's Sunday Times (March 30th 2014) drive the point home. 

First, Ben Marlow's piece "Chinese giant swoops on House of Fraser" asserts Sanpower, under he leadership of Yuan Yafei, has tabled a £450m bid for HoF which will, if successful, end talk of the group going public and provide the first shoots, bamboo shoots possible, of long term stability and growth for this Grande Dame of UK retail, since the Baugur debacle.

Second, although completely unrelated Iain Dey's reports ICBC, China's largest State owned bank making a play for Pioneer, one of Europe's largest fund managers with 174bn Euros under management.

We've been eating Chinese takeaway for years, looks like China's appetite for eating out in Europe is just warming up. 食卡飽 (chia̍h kah pá)