China

Didi nears deal to raise capital at $50b valuation, becoming Asia’s most valuable startup

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Didi Chuxing is near an agreement to raise at least $5b.

China’s Fosun announces management reshuffle

Fosun International Ltd , controlled by one of China’s best-known entrepreneurs, announced a major management reshuffle late on Tuesday after saying net profit rose 28 percent for 2016 thanks to steady growth in core businesses. In a statement to the Hong Kong stock exchange, the Chinese insurance, healthcare and entertainment… Read more »