Kane Wu

Luckin Coffee chairman said to tap banks for $200m loan in exchange for IPO role

While it is not uncommon for Chinese companies to raise loans from banks hoping for a mandate on an IPO, it is rare for executives or shareholders to request such personal financing.

Germany’s Linde to sell S Korea unit to PE firm IMM for $1.2b

The move is seen part of Linde’s efforts to divest assets in South Korea and elsewhere to get antitrust clearance for its $86 billion merger with rival Praxair.

Chinese PE firm Boyu said to raise $3.6b for its largest fund yet

Boyu’s investors include Hong Kong’s richest man Li Ka-shing and Singapore state investors Temasek and GIC.

China’s Belle International hires BAML for sportswear unit IPO after $6.8b buyout

The firm aims for a valuation of at least HK$20 billion ($2.55 billion) to HK$25 billion for the unit.

Beijing city govt-backed firm said to seek over $1.5b for first tech fund

Beijing Innovation Industry Investment’s move underscores the Chinese capital city’s push to catch up with other cities in the country, most notably Shenzhen, in pursuing innovative technology and industrial upgrading projects.

Netmarble, MBK Partners submit bids for Korea’s gaming giant NXC Corp

Kim Jung-ju, founder of Nexon, is looking to offload a 98.64% stake in NXC in one of South Korea’s biggest deals that could be worth as much as $9 billion.

Amazon’s China unit in merger talks with NetEase’s Kaola

Kaola sells apparel, household appliances and other products, and is the biggest among Chinese shopping sites that focus on imported goods.

Alibaba in talks to buy stake in China operations of retailer Metro

Alibaba’s interest comes after rival Tencent last year signed a partnership deal with France’s Carrefour.

China’s Union Life to sell controlling stake, AIA, Prudential among potential buyers

Union Life, expected to be valued at $1.5 billion to $2 billion, plans to sell as much as 51 percent, with an option to raise that to 100 percent later.

Tencent mulls bid for S Korean gaming firm Nexon parent

Nexon founder Kim Jung-ju plans to sell a controlling 98.64 per cent stake in Nexon’s holding firm NXC Corp, held by himself and related parties.