This is textbook credit bubble: too much money and not enough investments. Chinese companies with no experience in technology, such as chemical and poultry producers, are buying up online games, apps and media properties.
Read the whole thing.
Bloomberg: Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat?
Hines Buys Greater Osaka Orix Shed to Expand in Japan
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Hines has acquired a fully leased warehouse in Greater Osaka for an
undisclosed price, with the announcement coming less than two weeks after
the US deve...
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