Search Results for:Kane Wu

Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

Didi is hoping to raise between $1 billion and $1.5 billion from the deal and has tapped investors including SoftBank Group.


JD.com’s finance unit raises $2b, doubles valuation ahead of planned IPO

Investors in the latest round include CICC Capital, China Securities and Citic Capital.


Carlyle Group raises $6.6b for new Asia fund, its biggest ever

This is more than Carlyle’s initial target of $5 billion and is 65% bigger than its previous Asia buyout fund


Goldman Sachs appoints Cai Wei as co-head of China investment banking

This is the first time Goldman Sachs has hired a China partner from outside the firm.


China’s Lufax targets up to $2b raise in fresh funding amid delayed listing

Lufax seeks to fund growth while its IPO is on hold due to changing regulation in consumer lending, a core business.


Ant Financial closes $10b funding round at $150b valuation

The round was joined by GIC, Temasek, Warburg Pincus, Khazanah, Carlyle Group and Sequoia Capital.


China’s Huarong, others hold discussions to buy Ingram Micro from HNA

Faced with soaring debts, HNA is looking to raise cash through sales.


China’s fashion e-commerce platform Meili targets $500m in US IPO

The float will add to a busy pipeline of Chinese tech companies that are seeking to go public this year.


Carlyle set to mop up $6.5b for its largest Asia PE fund to date

It had initially targeted a fund of $5 billion but raised its expectations following a strong investor response.


Bain Capital targets $4b for new Asia-focused fund

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.