Innovent Biologics

Capital Group said to eye pre-IPO stake in China’s biotech unicorn Innovent

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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.

China said to escalate crackdown on cryptocurrency trades

Up until early last year, China was the most active market for bitcoin trading on exchanges.


China’s JD.com said to target $2b fundraising at logistics unit

JD has invited a select group of investors to join the funding round that values its logistics business at around $10b.


Chinese developer Yuzhou buys 7 projects in major cities for $591m

The projects have a total gross floor area of 3.13 million square meters and saleable resources worth 40 billion yuan.


China’s Lufax seeks $60b valuation with April IPO in Hong Kong: Report

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.


China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding

The five Chinese startups have raised a total of $81.6 million in funding.


Xiaomi selects Morgan Stanley, Goldman among banks for planned IPO

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.


China: CICC leads $95m funding round in Hupu Sports

This round reportedly brings the company’s valuation over $1 billion, making it China’s latest unicorn. 


Alibaba’s Taobao in U.S. blacklist list for fakes for second consecutive year

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.


Alibaba Group said to have acquired larger stake in Ofo for $3b, Allen Zhu exits

The transaction reportedly values China’s bike-hailing major Ofo at $10 billion.