The investment aims to expand the bank's private banking business.
The company wants to serve as an “enabler.”
IPOs & Markets
China is putting an end to unchecked financial innovation and reckless spending.
Hong Kong-based investment firm O Luxe Holdings agreed to purchase GLM Co. for $113 million.
AUM in mainland China rose by 36% to about $7.6t last year.
Alibaba Entrepreneurs Fund and Adrian Cheng have co-led a $14 million round in DayDayCook.
Funding marks first AI investment by Warburg Pincus in China.
Private banking has often been the stage for M&A activity.
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