By Bloomberg News
Innovent is planning an IPO this year that could raise more than $200 million and has been weighing the U.S. as a listing venue.
Up until early last year, China was the most active market for bitcoin trading on exchanges.
JD has invited a select group of investors to join the funding round that values its logistics business at around $10b.
The projects have a total gross floor area of 3.13 million square meters and saleable resources worth 40 billion yuan.
Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.
The five Chinese startups have raised a total of $81.6 million in funding.
Credit Suisse and Deutsche Bank have also been chosen to work on the IPO that could see the company target a valuation of as much as $100b.
This round reportedly brings the company’s valuation over $1 billion, making it China’s latest unicorn.
While Taobao’s inclusion in the blacklist does not carry any direct penalties, it is a blow to Alibaba’s efforts to shed perceptions that its sites are riddled with fakes and that its anti-piracy policies are inadequate.
The transaction reportedly values China’s bike-hailing major Ofo at $10 billion.