Search Results for:Brenda Goh

Alibaba’s Cainiao JV to invest $1.53b in logistics hub at Hong Kong airport

Cainiao Smart Logistics Network will take a 51 percent stake in the joint venture.

Alibaba-led consortium picks stake in Chinese courier ZTO for $1.4b

The investment would be Alibaba’s third in a Chinese courier after it bought minority stakes in YTO Express and Best Inc.

Meituan-Dianping to buy large stake in Chinese bike-sharing major Mobike

The deal was brokered by Pony Ma, chief executive of Tencent Holdings, a backer of both companies.

China’s Didi Chuxing seeks to raise $1.6b via asset-backed securities

Didi had raised $4 billion in December to support its overseas expansion. It is facing new challengers at home with several firms including Tencent-backed Meituan-Dianping announcing plans to launch ride-hailing services.

China’s Okay Airways says seeking investment from foreign airlines

Okay Airways plans to eventually launch routes to Europe and America and believes that having a foreign airline as a shareholder will aid that goal.

China: Didi Chuxing to launch own bike-sharing platform and brand

Didi said it had reached a cooperation agreement with Chinese bike-sharing firm Bluegogo, which will be hosted on its platform.

LeEco repays part of China Merchants Bank debt, seeks release of frozen assets

LeEco has repaid part of this debt after selling shares in its smartphone affiliate Coolpad Group.

China’s Hellobike raises $350m in latest funding round backed by Ant Financial

The transaction marks the fourth funding round for Hellobike that merged with Youon Ditan, a Changzhou Youon Public Bicycle System-affiliate, in October.

Qihoo to return to Shanghai with $7.57b backdoor listing deal with China’s SJEC

Qihoo 360 was listed in the US in 2011 until its privatization last year by a consortium led by its CEO and founder, Zhou Hongyi, for about $9.3 billion.

China: COSCO Shipping plans $2b share sale to build ships

COSCO Shipping said it would undertake a private placement to fund the building of 20 container ships.