South Korea’s Mirae Asset invests $243m in HK’s posh office tower


The Goldin asset is said to have enjoyed an increase of HK$4.2 billion in fair value by the end of 2018, from the HK$12.5 billion fair value in 2016.

People Digest: BlackRock appoints China head; LINE’s Thailand MD steps down

Global asset manager BlackRock Inc has appointed veteran finance executive Tony Tang to head its China operations.

Securities firm Shenwan Hongyuan raises $1.16b in HK IPO

The deal is Asia’s biggest listing so far this year and the world’s sixth largest.

GIC-backed Luckin Coffee raises $150m from BlackRock, others

The latest funding values the Starbucks challenger at $2.9 billion.

WeWork said to pull out of talks to take on more Hong Kong space

In January, SoftBank boosted its stake in WeWork by $2 billion but this was billions of dollars below what the co-working space provider had hoped to raise to fund growth.

Amazon to close domestic marketplace business in China

Shoppers in China will no longer be able to buy goods from other third-party merchants in the country.

Dutch chipmaker NXP makes strategic investment in China’s Hawkeye

The partnership will enable NXP and Hawkeye to work together to create reference designs to expand their operations in the Chinese market.

China’s P2P lending platform Dianrong raising $100m: Report

Dianrong is reportedly raising funds as China imposes strict capital requirements for P2P players.

Chinese selfie app firm Meitu forays into skincare to counter dwindling users

Meitu, which listed in late 2016 in what was then HK’s largest tech IPO in a decade, has since suffered losses and its share price has more than halved.

TPG-led consortium to acquire 30% stake in jewellery brand APM Monaco

The deal is said to value the jeweller at around $800 million.