Shanghai stock exchange seeks opinion on launch of China tech board


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 in talks to join Chinese group to bid for Finland’s Amer Sports

Tencent, China’s largest social-media company, is considering joining the consortium led by Anta Sports Products Ltd as a minority investor.

UBS Group looking to take majority in Chinese securities JV

UBS is among the foreign banks that have gotten the furthest in building an onshore securities business.

Baidu leads $302m financing in elevator TV ad firm XinChao Media

Baidu will leverage its big data and artificial intelligence capability to integrate with XinChao’s indoor advertising system.

Chinese P2P lender Weidai scales back US IPO target to $45m

At the midpoint of the proposed range, Weidai would command a market value of $700 million.

Alibaba-backed Babytree slashes Hong Kong IPO size, seeks up to $281m

Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.

Chinese co-working major Ucommune raises $200m, valuation jumps to $3b

Ucommune had raised $44 million in its pre-Series D at a valuation of $1.8 billion. 

China’s largest bank ICBC floats $200m fund to invest in small Indian businesses

Chinese venture capital funds may also invest up to $30 million in seven to eight Indian startups.

HNA’s container leasing unit said to attract Japan’s Orix, Ontario Teachers

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.

PAG Asia Capital to close third private equity fund at $6b: Report

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.