Byton is backed by China’s retail giant Suning and healthcare services provider Fullshare Holdings.
IPOs & Markets
For Beijing, the move is seen helping to counter U.S. curbs on its technology companies and may draw the next generation of hi-tech firms to list at h
Futu also counts venture capitalists Sequoia Capital China and Matrix Partners China as its backers.
The music streaming giant is selling 82 million American Depositary Receipts (ADRs) in a range of between $13 and $15 each.
The fund, which is Boyu’s fourth and would be its largest to date, is expected to close in the coming months.
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
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.
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