By Matthew Miller
China’s HNA Group Co Ltd plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation.
The Hong Kong-based company is offering 509.3 million shares at HK$7.30 to HK$8.80 apiece.
State-owned China Tower Corp. was slated to be one of this year’s biggest deals, with a fundraising goal of as much as $10 billion.
Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial have been extending more consumer loans.
CastBox.FM has completed a $12.8 million funding round backed by the likes of IDG Capital and GSR Ventures.
PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.
CRE invests between $30m to $150m both in domestic companies and foreign brands
Hillhouse Capital has led a $45 million Series C round in fitness startup Lefit with participation from IDG Capital and Huasheng Capital.
With China’s dairy demand forecast to grow 37 percent to $76 billion in five years, the bull run may have further to go.
The deal is the latest to signal Hong Kong’s red-hot property market shows no signs of slowing down.