China’s Orient Hontai to buy majority stake in Spain’s Imagina for $1b

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Imagina has the rights to distribute the La Liga soccer championship, Europe’s third-richest league.

Foxconn, IDG said to seek $1.5b for automotive tech fund

The said fund will encompass early and mature stage financing, combining VC and PE models.


China: Hony Capital to buy 30% stake in Italian luxury brand owner

The deal marks the PE firm’s first investment in the luxury industry.


Alibaba, Beyond Ventures lead $40m funding round in genetic testing startup Prenetics

With the latest round, Prenetics has now raised more than $50 million.


China’s consumer lender Qudian raises $900m in U.S. IPO

Its IPO marks the fourth-biggest U.S. share sale so far this year.


HK-based Affinity buys Burger King Japan from South Korea’s Lotte

Hong Kong-based Affinity Equity Partners has bought Burger King’s Japan operations from South Korea’s Lotte Group for an undisclosed sum, Japanese media publication Nikkei reported. Lotte had managed around 100 Burger King stores in Japan. According to the deal, the business will be transferred to a new entity set up by… Read more »


Chinese consortium completes $605m buyout of Nasdaq-listed SciClone Pharma

GL Capital has led a buyout of Nasdaq-listed SciClone Pharmaceuticals that will see it delisted.


HK: Fitness chain Pure Group’s owners plan to shed controlling stake

Pure Group investors, including buyout firm Leonard Green & Partners and businessman Bruce Rockowitz, are working with an investment bank to find a buyer for a controlling stake.


People: Former UBS exec moves to Citi China; JD Finance hires ex-Amazon scientist

Jiang will be based in HK and report to Head of the Citi’s Asia securities business Mark Slaughter


China Digest: PPDai taps US market for IPO; Momenta raises Series B2

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc are lead underwriters for the IPO.