IFC proposes to inject up to $194m debt in Baidu’s student micro-loan unit

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Baidu CQ MCC is mainly involved in financing tuition fees for students enrolled in vocational training and educational institutions

Mineral Resources wins China Energy bid in battle for Australia’s AWE

Mineral Resources said the acquisition would fit with its strategy of securing gas assets.


Tencent may potentially reach $1t market cap in 2018: Saxo Bank

Given its performance this year, 2018 could see Tencent Holdings outperform other technology majors, even if the iPhone X see’s Apple Inc. grow its market capitalisation to $1 trillion. Beyond its own successful business model and performance, the growth of Tencent Holdings is also driven with China’s transition to a more consumption-led economy, which could see its valuation exceed that of Apple to become the largest corporate entity in the world by market cap.


China’s Midea Group eyeing IPO of $12b real estate arm

Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018.


China Digest: Baofeng TV raises $120m; Boxful gets $18m

Baofeng TV, an AI-based producer, has raised $120 million from Chinese investors including Suzhou Dongshan Precision Manufacturing. Meanwhile, Hong Kong-based storage company Boxful has raised $18 million from property investors in China, according to China Money Network. AI powered Baofeng TV raises $120m from Chinese investors Baofeng TV, a television… Read more »


China Digest: Shanghai Yunfeng group take over Esaote; Vion Tech secures series B

Easote’s CEO Karl-Heinz Lumpi will continue leading the company after the acquisition is completed.


China: Shankai Sports gets $45m from Yao Capital; Shanghai Fosun backs LinkedCare

Shankai Sports has received a $45 million Series B from Yao Capital. LinkedCare has raised a $15 million Series B from Shanghai Fosun.


HSBC said to be stepping up scrutiny of China’s HNA Group

The London-based lender’s concerns center on HNA’s heavy debt load and the potential reputational risk from working with them.


Tencent, Spotify agree to swap stakes in music businesses

Tencent will also take a minority stake in Spotify through secondary purchases. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other’s core markets.


Australia’s AWE gets revised takeover offer from Chinese energy firm

AWE has rebuffed two other takeover moves in the past 3 years, including a A$421 million approach from U.S. PE firm Lone Star last year.