Kane Wu

China’s Wanda files for US IPO of sports unit to raise up to $500m

An IPO of Wanda’s sports assets would include Infront Sports & Media AG and World Triathlon Corp.


Chinese EV startup Byton seeks to raise $500m at a valuation of $4b

Byton is backed by China’s retail giant Suning and healthcare services provider Fullshare Holdings.


China’s Jangho makes $1.2b buyout offer for hospital operator Healius

Jangho Group, already Healius’ biggest shareholder with a 16 percent stake, has offered to buy the remaining 84 per cent.


Asia M&A clocks second best on record, momentum to continue in 2019

Japan, India and Australia are expected to drive deal flow for the region, while China is likely to change course to focus on industrial consolidation and reform amid tightened regulatory scrutiny and an ongoing trade war with the US.


Chinese bike-sharing firm Ofo faces ‘immense’ cash crunch, CEO says

Ofo, which started in university campuses in Beijing and expanded to countries around the world, has become something of a cautionary tale about the rapid debt-fuelled boom and bust of new technology enterprises in the country.


Bain Capital said to have closed fourth Asia fund at $4.65b

Bain Capital raised $4 billion from external investors and $650 million from itself and related parties.


SoftBank’s Vision Fund to hire China team, set up mainland office

The Vision Fund plans to open its first China office in Shanghai next year, followed by Beijing and Hong Kong.


China: Ping An-backed P2P lender Lufax raises $1.3b at lower valuation

The fundraising values Lufax, set up in 2011 by top insurer Ping An Insurance Group Co of China Ltd , at $38 billion prior to closing.


Chinese PE firm Boyu Capital said to seek at least $3b for new fund

The fund, which is Boyu’s fourth and would be its largest to date, is expected to close in the coming months.


China’s HNA in talks with bad debt manager Cinda for asset disposal

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 shareholder in Deutsche Bank.