ChemChina accquired 65% Pirelli (Italy Tire manufacture) Pirelli http://en.wikipedia.org/wiki/Pirelli the world’s fifth-largest Tire manufacturer behind Bridgestone, Michelin, Continental and Goodyear. ChemChina spent 7.1 billion Euro http://i.guancha.cn/mobile/news/2015/03/25/20150325105712115.jpg chart source: http://i.guancha.cn