China: HNA Group plans $7.6b investment in tourism, digital transformation


China’s HNA Group Co Ltd plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation.

Victoria’s Secret owner to invest in garment supplier Crystal’s $574m HK IPO

The Hong Kong-based company is offering 509.3 million shares at HK$7.30 to HK$8.80 apiece.

Hong Kong IPOs head for worst year since 2012 as megadeals slip

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.

China’s shoppers turn Jack Ma’s Ant Financial into a debt giant

Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial have been extending more consumer loans.

Ex-Googler, who sold home to build podcast app, raises $13m

CastBox.FM has completed a $12.8 million funding round backed by the likes of IDG Capital and GSR Ventures.

Chinese state-owned firms offer to buy 5% of Saudi Aramco directly

PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.

People: Ex-Headland exec joins CRE Alliance; HSBC gets Thai global markets head

CRE invests between $30m to $150m both in domestic companies and foreign brands

China Digest: Hillhouse leads $45m round in Lefit; 123GO raises $5.3m pre-series A

Hillhouse Capital has led a $45 million Series C round in fitness startup Lefit with participation from IDG Capital and Huasheng Capital.

With aggressive acquisition efforts, Chinese dairy bigwigs aim past poisoning scandal

With China’s dairy demand forecast to grow 37 percent to $76 billion in five years, the bull run may have further to go.

Li Ka-Shing’s Hong Kong tower sells for record $5.15b – report

The deal is the latest to signal Hong Kong’s red-hot property market shows no signs of slowing down.