U.S. insurer AIG set to purchase 25% stake in Lifan Group
According to an article in Reuters late last week, AIG intends to buy private-equity share in the leading Chinese motorcycle maker, Lifan, whose (rather Mini Cooper-esque) first baby steps in the auto industry were documented on this website late last month.
The owner of Lifan Group, Yin Mingsha, has hinted to Reuters and other sources since […]