By Bloomberg News
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 »
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 »
Cainiao announced that share-based compensation was the reason behind the surge in losses but did not provide details.
Mobike has received $10 million series B investment from Panda Capital.
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.
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 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 »
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.
Teambition has closed a Series B+ investment from Tencent in a deal whose terms are confidential.
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.