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Didi is hoping to raise between $1 billion and $1.5 billion from the deal and has tapped investors including SoftBank Group.
Investors in the latest round include CICC Capital, China Securities and Citic Capital.
This is more than Carlyle’s initial target of $5 billion and is 65% bigger than its previous Asia buyout fund
This is the first time Goldman Sachs has hired a China partner from outside the firm.
Lufax seeks to fund growth while its IPO is on hold due to changing regulation in consumer lending, a core business.
The round was joined by GIC, Temasek, Warburg Pincus, Khazanah, Carlyle Group and Sequoia Capital.
Faced with soaring debts, HNA is looking to raise cash through sales.
The float will add to a busy pipeline of Chinese tech companies that are seeking to go public this year.
It had initially targeted a fund of $5 billion but raised its expectations following a strong investor response.
While Bain’s fourth pan-Asia fund will be the firm’s biggest so far in the region, it is still small versus some of its peers.