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Realty firm Country Garden promotes China’s richest woman to co-chair

Yang Huiyan, 37, will assist her 64-year-old dad and founding chairman Yeung Kwok Keung in the day-to-day running of the business, helping to oversee strategic investments and new areas including retail.


China’s EV-maker BYD plans to take battery unit public amid rising demand

BYD, which makes batteries for automobiles and mobile phones, is in the process of spinning off its vehicle-battery operations into a separate company before listing.


Daimler plans to raise stake in joint venture with China’s BAIC Motor Corp

Daimler expressed an interest in increasing its holding to at least 65 percent from 49 percent.


China’s P2P lending in for shakeout as regulators crack down on $176b market

Alarmed by a surge in defaults, fraud and investor anger, Chinese authorities are planning to wind down small- and medium-sized P2P lending platforms nationwide.


HNA said to put more than $40b of holdings on the block

HNA is seeking buyers for all its overseas aviation and logistic holdings — purchased with more than $33 billion since 2010.


Baidu’s iQiyi video site plans to raise up to $1b via convertible bond sale

iQiyi’s shares are trading 10 percent above their IPO price, giving the company a market value of $14.4 billion.


S Korea’s $570b pension fund NPS embarks on hiring spree amid equity rout

The pension fund also aims to bolster investment portfolio performance by doubling the number of fund managers and raising their pay.


Goldman was told to tighten risk oversight post 1MDB bond financing: Report

At least three Goldman bankers were implicated by the U.S. Department of Justice in a multiyear criminal enterprise.


JD founder to focus more on new businesses as sales turn sluggish

The founder’s shift in focus comes as JD faces a bevy of problems from slowing economic growth in China to Liu’s recent arrest for alleged rape in the US.


Ant Financial seals UEFA partnership to make inroads into Europe

Ant’s Alipay will provide online payments and other financial services to Europe’s governing body for soccer till 2026, encompassing an estimated 420 matches watched by billions.