Qihoo 360

Qihoo leads China going-private target rebound in US trading


Qihoo 360 Technology Co. led a rebound in U.S.-traded Chinese companies that are seeking to move their listings to the mainland after a three-day selloff.

Chinese buyout firms CDH, Hony Capital in race for Canada’s Iovate Health Sciences

U.S. buyout firm Kelso & Co. and Xiwang Group Co., a Chinese conglomerate whose businesses spanned from sugar, glucose to special steel, are also among bidders picked to submit second-round offers.

China: Culturecom Holdings buys IDG-backed Super Sports Media for $500m

Super Sports has exclusive rights to broadcast and distribute live football matches of the English Premier League in mainland China and Macau until the end of the 2018-19 season.

AB Foods said to be in early stages of sale of Chinese sugar business

Associated British Foods Plc, the British food-to-retail conglomerate, plans to sell its Chinese sugar business for as much as $1 billion.

Kingsoft Cloud raises $50m Series C+, led by China Merchant Securities fund

Its parent, Kingsoft also participated in the round, and increased its shareholding from 51.83 per cent to 52.15 per cent on a fully diluted basis.

China’s Kuang-Chi launches $300m international innovation fund, incubator in Israel

Shenzhen-based technology conglomerate Kuang-Chi, has launched a $300 million international innovation fund “Kuang-Chi GCI Fund & Incubator” based in Israel. The fund, which will invest in in early to mid-stage Israeli and global companies, has an initial mandate of $50 million. It is planned to grow to $300 million in the next three,… Read more »

China: Warburg Pincus takes undisclosed stake in hospital chain UIB

The investment was made from Warburg Pincus XII, the firm’s latest buyout fund, which had closed at $13.4 billion in 2015.

Memo to China’s prodigal offshore companies — Stay away

The rapidly closing door will be a painful reality check. About 50 U.S.- and Hong Kong-listed companies have announced plans to go private with the aim of relisting in China.

Chinese stock regulator might put restrictions on domestic backdoor listing

China’s stock regulator is considering measures to curb the flow of overseas-traded Chinese companies seeking backdoor listings in the domestic equity market.

China Railway Materials to make bond payment, plans asset sale

China Railway Materials Co., a government-backed company whose bond trading halt last month contributed to a sell-off in the nation’s domestic debt market, said it will make a note payment due next week.