The deal signals the growing interest of Chinese companies in the Middle East.
Including debt the deal value amounts to $5.6 billion, though some analysts said the cash value should be higher.
IPOs & Markets
The joint venture, Dada-JD Daojia, last year raised $500 million from Walmart Inc and JD.
The deal would value the NBA team at $2.35 billion.
The Vision Fund has made its foray into energy storage technology with an investment in Switzerland-based Energy Vault.
Softbank earlier this year invested $1.5 billion in Chinese used car trading platform Guazi.com.
Banco Inter raised $329.2 million in a primary share offering to fund its expansion.
With its pan-Asian collaboration with China Galaxy International, CIMB has recalibrated its i-banking business.
Majestic Wine is looking to rebrand itself into a purely online retailer.
The deal marks a rapid turnaround for the Blackstone-led group which is set to double the value of its investment.
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