China’s FAW to invest $260m in EV startup Byton’s Series B round


Byton last year raised $240 million in a round of funding from investors including Chinese retailer Suning and Fullshare Holdings.

HK-based Gravity Supply Chain raises additional $7m from Wavemaker

The latest round of investment brings the company’s aggregate equity funding to $14.5 million.

Riding on trend, Chinese bitcoin mining equipment makers plan $1b HK listings

Canaan Creative filed a listing application to the HKEX on Monday while Zhejiang Ebang has also started working with advisers on a proposed HK float of up to $1 billion

Portugal’s EDP set to reject $10.9b takeover offer from China Three Gorges

China’s biggest renewable-energy developer already is the largest shareholder of EDP with a 23 percent stake and now is seeking more than 50 percent.

China’s unicorn IPOs look ominous as ghost of past tech debuts set poor benchmarks

Two-thirds of the 21 tech IPOs in the past year are below their issue price, with shares down an average of about 20 per cent through Friday.

Former UBS China president joins cryptocurrency firm Higgs Block as CEO

Karen Chen joins other financial-industry veterans in jumping ship to the burgeoning technology.

IFC proposes to offer up to $75m financing to China Education Group

CEG is embarking on a $370-million expansion which includes the construction of new campuses and the acquisition of existing higher education institutions in China.

Gaw Capital, Country Garden launch $1b China distressed asset fund

Gaw follows the moves of foreign investors Bain Capital, Blackstone and Oaktree Capital.

Another $10b Hong Kong IPO in the offing as China Tower files for listing

The application comes a little more than a week after Chinese smartphone maker Xiaomi filed for an IPO that could also raise as much as $10 billion.

GIC sets up $675m China rental apartment JV with Warburg-backed Nova

GIC will also be acquiring a minority stake in Nova as part of the agreement.