Chinese insurance giant Anbang said to seek bank pitches for IPO


Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the matter. The Beijing-based insurance giant asked investment banks to submit proposals by the… Read more »

China foods considers sale of Coca-Cola mainland bottling stakes

State-owned China Foods Ltd. is considering a sale of its stakes in 10 Coca-Cola bottling companies in China through a public tender, it said Tuesday. The company will sell stakes varying from 7.15 percent to 100 percent through the China Beijing Equity Exchange, it said in a Hong Kong stock exchange… Read more »

GIC, Temasek-backed logistics firm Cainiao quadruples losses

Cainiao announced that share-based compensation was the reason behind the surge in losses but did not provide details.

China: Panda Capital invests $10m in bike rental app Mobike

Mobike has received $10 million series B investment from Panda Capital.

As China’s soccer spree accelerates, rival suitors eye Liverpool stake

Though none have put together a formal bid, according to the person, interest expressed over recent months in one of England’s most storied clubs reflects a significant step-up in China’s drive to become a soccer powerhouse.

China: Meitu books higher losses after pre-IPO share value jumps

Chinese photo app maker Meitu Inc‘s first-half 2016 losses widened as, in keeping with accounting norms, it booked losses for a jump in the value of shares issued to investors ahead of a planned IPO, the company’s listing documents showed. Meitu’s losses widened to 2.19 billion yuan ($330 million) for… Read more »

China’s state construction giants CNBM & Sinoma plan to merge

China National Building Materials Group Corp (CNBM) will take over smaller rival China National Materials Corp (Sinoma), after an agreement between the two companies was approved by the government, the country’s state assets regulator said. The deal is part of an ambitious plan by China under president Xi Jinping’s leadership… Read more »

Toyota’s China partner raises funds with stake sale to FAW

Tianjin FAW Xiali Automobile Co. will book a $376 million gain with the sale and reduce its holding in the three-way venture to 15 percent.

China: Teambition closes Series B investment from Tencent

Teambition has closed a Series B+ investment from Tencent in a deal whose terms are confidential.

US watchdog clears ChemChina’s takeover of Syngenta, stock leaps

With a growing number of Chinese companies looking to acquire U.S. peers, CFIUS has emerged as a significant risk for such deals, particularly those with potential cyber security implications.