It has drawn interest from venture capital firm IDG Capital and Bright Scholar Education Holdings
Primavera is looking to raise $2.8 billion, while CITIC PE is targeting $2 billion, with a hard cap set at $2.2 billion.
The deal marks the PE firm's first investment in the luxury industry.
FFT is owned by private equity investor Aton.
JD Finance is looking to buy the stake from First Capital’s top and third-largest shareholders, Bloomage Xinyu Investment and Nengxing Holdings Grou
IPOs & Markets
The IPO would be the biggest by a financial technology company (fintech) in the city.
The deal marks one of the largest fundraisings in scientific research.
The bank has shelved work on the planned listing for now as the deal failed to meet the bank’s internal due diligence requirements.
Deal is the biggest takeover of a European deposit-taking bank by a Chinese firm so far.
The pair is talking to international investors with expertise in China, Japan and SEA to raise at least $150m.
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