US-China recent deals round-up

Biotech

Nov – Modern Shanghai plant break ground; the $1bn deal was signed in July

Oct – Junshi’s PD-1 drug, with US & Canada right purchased by partner Coherus was approved by FDA

Agricultural purchases

Oct – signed 11 purchasing agreements/contracts, worth multiple billions in value

Nov – 600k ton soybeans; and then 3mn+ tons; a good summary here

Industrial / Areospace

Nov –  GE Aerospace’s 25 GEnx-1B engines order from China Eastern Airlines to power its Boeing 787 fleet.

Nov – Xiamen Airlines purchases.

Market is speculating more Boeing orders.

Consumer internet / tech

Nov – Meta’s Oculus is coming to China in late 2024 (w/ a lower-end version of Quest 3), with Tencent as partner; WSJ reported the talk between Meta and Tencent back in Feb 2023.

Nov – Nvidia to release 3 new chips for China market (H20, L20 and L2), available as soon as the end of this year.