Apart from direct investment, Sinopec Capital will also set up funds to focus on technology and new industries investment
The company’s big-data platform provides anti-fraud detection services for loan applications, among others.
The offer values the company at over S$2.5 billion ($1.8 billion).
The proposed listing follows three rounds of funding backed by investors including Tencent, Dragon Cloud, ChinaCity Capital, and Tigerstep.
The company says it intends to use the funds to support its product pipeline and build R&D centres and manufacturing facilities.
Alibaba will acquire about 6.62 percent in Focus Media for 9.63 billion yuan ($93.8 million) and possibly another 5.0 percent stake in the next 12 months.
The Coatue-led round was joined by Goldman Sachs, Sequoia Capital China, GGV Capital, Primavera Capital Group, Xiang He Capital, Tiantu Capital, New Enterprise Associates and Taihe Capital.
The deal would give iQiyi access to a broader range of stories amid a fierce battle for content with deep-pocketed rivals such as Tencent and Alibaba.
CGN has so far acquired over 1,000 MW of wind and solar power assets in Europe
In March, the firm said it planned to buy minority stakes in Hong Kong Express Airways, Ghana’s Africa World Airlines and several other companies