By Bloomberg News
Chinese authorities have been preparing a trading link with the U.K. as part of a broader effort to increase access to the country’s financial system.
QIA has been negotiating the potential purchase of a minority stake in Lufax, an arm of China’s Ping An Insurance (Group) Co, for $500 million to $1 billion.
Warburg Pincus in September became the second-largest shareholder in Sichuan Jinxin Fertility Co, Other investors include Sequoia China and a unit of China Citic Bank Corp.
Since returning to China, Liu has appeared at small signing events on behalf of the company but is yet to attend a high-profile public event.
Top blockchain funds and investors including Binance Labs, NEO Global Capital and others also participated in the round.
Shanghai-based online drugstore 111 Inc has raised $100.5 million in a scaled-back initial public offering in the US.
The delivery platform is squaring off with Alibaba-backed rivals Alipay, Ele.me and Koubei as well as Tencent’s own WeChat.
Raising money would be handy for the whole Li empire, not just the unit spinning off assets. Acquisitions have taken a toll on debt levels at CK Infrastructure.
The allocation to GGV funds is part of the pension fund’s newly disclosed commitments totalling $226 million to various private equity and venture capital funds.
Chinese carmaker Zhejiang Geely Holding Group and Sampo plc of Finland have received regulatory approvals to acquire a controlling interest in Denmark’s Saxo Bank.