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Myanmar to re-develop six-decade-old Yangon station in $2.5b project

Myanmar last month selected a consortium of local developer Min Dhama Co., Singapore’s Oxley Holdings Ltd. and China’s Sino Great Wall Co. as the preferred bidder for the redevelopment.

China’s $930b state fund to shift to PE, real estate for more stable returns

China Investment Corp is seeking to boost alternative and direct investments to 45% or more of its overseas portfolio in the next three years, from about 38% at the end of last year

China’s SenseTime hires Bocom’s Wong as it nears raising $790m AI Fund

Wong had worked at the Chinese-controlled investment bank since March 2015.

Amazon in talks with JPMorgan to offer credit card to small businesses in office supplies push

Amazon is hoping the new credit card, which will feature rewards points for purchases, will also let it eventually add offerings such as business insurance.

Agricultural Bank to raise $15.8b in China’s biggest follow-on share offering

The fundraising comes as Chinese banks prepare to shift to more stringent accounting standards known as IFRS9 this year.

China: Ant Financial’s consumer lending said to reach $95b

Ant currently has more outstanding consumer loans than China’s second-biggest bank.

iPhone assembly partner Foxconn gears up for China’s biggest IPO in 3 years

Known as FII, the business could command a valuation of as much as 400 billion yuan by some estimates — on par with Sony Corp.

Rusal’s Deripaska to let rival Abramovich sell $1.5b Nornickel stake with conditions

The agreement brings a brief hiatus in a decade-old battle of wills between Deripaska and Potanin for control of Nornickel.

China looks to regain $1.4t in lost IPOs of local tech stars

Two-fifths of unicorns across the globe call China home. Their absence is sapping life from the world’s second largest stock market.

Uber taps the leveraged loan market for a $1.25b deal

Uber last tapped the loan market in 2016 for a $1.15 billion loan, a deal that was arranged by Morgan Stanley.