HNA has attracted much scrutiny for its $50 billion worth of deals in recent years that included hotels in the United States and left it the largest s
IPOs & Markets
The IPO will value Babytree at $1.5 billion, rather than the $2 billion valuation in late May when Alibaba invested $214 million.
The last mega U.S. IPO of the year faces a still-weak mood towards tech stocks and ongoing market jitters ahead of next week’s G20 meeting in Buenos
The move comes after it invested in Ant Financial's $14 billion financing round in June.
Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.
The company had earlier been seeking to raise up to $1 billion, but weak markets and a slide in Ctrip's share price forced it to slash the size of the
Luckin is said to be planning to raise $200 million to $300 million in the latest round.
Wanda paid $3.5 billion in early 2016 for Hollywood studio Legendary Entertainment, maker of "Pacific Rim" and "The Great Wall".
Its backers include Baidu and Tencent as well as Sequoia Capital China and government-backed investment firm China Chengtong Fund.
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