By Tanu Pandey
Jiang will be based in HK and report to Head of the Citi’s Asia securities business Mark Slaughter
Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc are lead underwriters for the IPO.
China’s HNA Group Co Ltd plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation.
The Hong Kong-based company is offering 509.3 million shares at HK$7.30 to HK$8.80 apiece.
State-owned China Tower Corp. was slated to be one of this year’s biggest deals, with a fundraising goal of as much as $10 billion.
Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial have been extending more consumer loans.
CastBox.FM has completed a $12.8 million funding round backed by the likes of IDG Capital and GSR Ventures.
PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.
CRE invests between $30m to $150m both in domestic companies and foreign brands
Hillhouse Capital has led a $45 million Series C round in fitness startup Lefit with participation from IDG Capital and Huasheng Capital.