By Samuel Shen
Around 20 Chinese firms hope to list on the planned technology board, with the first coming as soon as the first quarter of 2019.
Tencent, China’s largest social-media company, is considering joining the consortium led by Anta Sports Products Ltd as a minority investor.
UBS is among the foreign banks that have gotten the furthest in building an onshore securities business.
Baidu will leverage its big data and artificial intelligence capability to integrate with XinChao’s indoor advertising system.
At the midpoint of the proposed range, Weidai would command a market value of $700 million.
Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.
Ucommune had raised $44 million in its pre-Series D at a valuation of $1.8 billion.
Chinese venture capital funds may also invest up to $30 million in seven to eight Indian startups.
The Chinese group has agreed to sell more than $22 billion of assets this year, including stakes in Hilton Worldwide and Deutsche Bank, as it seeks to pare its massive debt load.
The firm, which focuses on large-scale buyouts, control deals and structured minority investments, had raised a total of $6.1 billion for its first two Asia private equity funds.