By Bloomberg News
“We’re interested in anything related to the tourism sector, from travel agencies and resort brands to recreational content providers,” Qian Jiannong, SVP, Fosun.
Lu is the latest in a series of high-profile AI experts to leave the company in the past year, amid fierce global competition for talent in the field.
HNA has sold more than $13 billion of assets this year after the company’s debt bloated to $94 billion.
Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors.
The sale of the semiconductor business will take place on June 1. The deal had already missed earlier deadlines for clearance as the companies waited on Chinese antitrust authorities to make a decision.
Seven Ages said the undisclosed round was the largest single investment to date in China’s booming musical industry.
HiFiBio will use the investment to expand its drug development team and new facilities.
Arbor closed its first venture fund in 2014, raising $100 million.
At least 11 China-focused accelerators have been created in the San Francisco Bay Area since 2013.
Global financial services provider Avendus Capital has announced three new transitions in the firm while KKR has appointed a real estate veteran to heads its Asia Pacific real estate business.