China’s Ant Financial raises offer for MoneyGram to $1.2b


Its rival Euronext Worldwide has claimed security risks in Ant-MoneyGram bid.

Nine new non-US cos enter unicorn club this year. Six are from China

The 6 new Chinese unicorns are NetEase Cloud, Toutiao, NIO, Ofo, URWork & Zhihu.

China Anbang’s deal to acquire US insurer Fidelity & Guaranty may fall through

It failed to secure all the necessary regulatory approvals

IFC to invest up to $100m in China’s Union Life Insurance Co

Zhongfa Group is the only majority shareholder in Union Life with 46%.

IFC to offer $40m debt to US-based Farasis Energy for China push

The company will use the funds for possible acquisition.

China: Tahoe Group to privatise Alliance Healthcare; Best Logistics Tech targets $1b IPO

Tahoe Group is buying out and privatising NASDAQ-listed Alliance Healthcare and Alibaba-backed Best Logistics Technology Co is aiming to raise $1 billion in a US IPO later this year.

IDG Capital to deploy more resources in firms, eyes tech assets

IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently bought tech… Read more »

AC Milan’s new Chinese owners to invest in stadium, list soccer club

The club could be listed in Hong Kong, on the doorstep of the huge Chinese market

People Digest: First Names, Nordea and Credit Suisse AM make Asia hires

Stuart joined the firm following the group’s acquisition of Mercator Trust in 2014

HK-based Gravity Supply Chain raises additional $2.5m in venture financing

It provides software tools that enable real-time tracking in logistics.