Hong Kong

Chinese PE firm Sailing Capital said to seek $1.5b for second fund


The firm has reached out to potential investors including sovereign wealth fund China Investment Corp. to gauge their interest.

Tencent Music nudges pricing towards mid-range in $1.2b US IPO

The company sees price sensitivity in the middle of the range based on current orders, according to a message communicated to fund managers.

HNA said to tap Credit Suisse to revive tech unit Pactera’s sale

HNA’s ownership of Pactera dates back to 2016, when it agreed to buy the company from Blackstone Group LP for about $700 million.

China’s Junshi Biosciences seeks up to $414m in Hong Kong IPO

The company could raise as much as $476 million if a greenshoe, or over-allotment option – is exercised within the first month of trading.

China sets up online games review panel, raises hopes of resuming approvals

China, the world’s biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users.

Tencent-backed IoT startup G7 raises $320m round led by HOPU Investments

The round was joined by new investors China Broadband Capital (CBC), Intelligent Fund of Funds, Mount Morning Capital, Total Energy Ventures, and TH Capital.

Alibaba said to mull joining facial recognition tech firm Megvii’s $500m round

The Beijing-based company, which already counts Alibaba as a backer, is talking with Chinese private equity investors and wants to close the round in December.

Tencent Music’s upcoming IPO set to spawn new billionaires

Co-presidents Xie Zhenyu and Xie Guomin are on the brink of becoming billionaires as Tencent Music prepares a public stock offering in New York that may value the company at $24.5 billion.

Alibaba takes control of film unit in $160m share purchase

Alibaba Group on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures to 51%, taking control of the film unit’s board.

HK-based Asia Alternatives secures $500m from NYSCRF for two funds

Asia Alternatives invests in PE fund managers with a focus on Greater China, East Asia, Southeast Asia, and Australia.