Search Results for:Kane Wu

China’s JD Group explores sale of HK insurance arm, seeks up to $2.5b

Potential bidders are expected to include Hong Kong conglomerate Chow Tai Fook and Asian PE firm PAG.

Alibaba’s new on-demand online services unit said to be valued at $30b

Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba combined the operation of food delivery service and online restaurant guide business Koubei under a… Read more »

Stake in Tencent-backed WeBank to be auctioned after court ruling

A stake of Chinese private lender WeBank is being auctioned with a price tag of $63.63 million following a court ruling.

China’s Wanda mulls part sale of Hollywood studio Legendary Entertainment

Wanda paid $3.5 billion in early 2016 for Hollywood studio Legendary Entertainment, maker of “Pacific Rim” and “The Great Wall”.

Chinese EV startup WM Motor raising $288m; Baidu may lead round

Its backers include Baidu and Tencent as well as Sequoia Capital China and government-backed investment firm China Chengtong Fund.

With record dry powder, private equity poised for Asia M&A boom

Private equity’s banner year also comes as the region’s companies face challenges, with trade tensions and regulatory scrutiny curbing outbound deals from China, the dominant dealmaking force for the past three years.

HNA said to be in talks with Ant Financial, others over sale of IT unit Pactera

HNA had bought Pactera from Blackstone in 2016 for $675 million (515 million pounds) in cash.

China: Cash-strapped HNA puts property assets worth $11b for sale

Since January, HNA has sold or agreed to sell over $20 billion worth of assets, including real estate in Sydney, New York and Hong Kong.

Anbang in talks to sell Japanese real estate worth $200m to Blackstone, others

The assets on sale are part of the portfolio of apartment buildings Anbang bought from Blackstone for around $2.3 billion.

HK private equity firm PAG launches $671m unsolicited takeover bid for Spring REIT

PAG’s bid for Spring REIT would value the company at $780 million, and is the latest in a long battle between the two.