Daniel Zhang

Alibaba’s new boss Daniel Zhang is finance veteran behind the push into new retail


Zhang’s endeavour to transform old-school shopping using data analysis to manage inventory and shipping has driven more than $8 billion of deals in endeavourseveral years.

Retailer Metro said to weigh stake sale, partner for China operations

Since its electronics retail business split off last year to become Ceconomy AG, Metro has continued to struggle on the retail side, which has had difficulty competing with discounters such as Aldi and Lidl

Tencent-backed Qutoutiao more than doubles in US trading debut

Qutoutiao is the 25th Asia-based company to list on New York exchanges this year to raise a combined $7.4 billion in IPOs.

Ant Financial said to have roped in Deutsche Bank exec to run new fund

The Chinese financial services giant is looking for deals to build its presence abroad, acquiring technology and investing in local payment services in Southeast Asia, Korea and India.

Xiaomi creates new leadership roles as part of CEO succession planning

The changes come less than a week after Jack Ma said he would step down as chairman of Alibaba in a year and hand the reins to CEO Daniel Zhang.

HK’s CK Infrastructure said to weigh listing of UK assets

The Asian investor built a stable of British infrastructure assets ranging from sewage to gas to rail over the last decade.

NIO’s wild ride may blaze trail for more US IPOs from China

China technology firms have been flooding U.S. exchanges with initial public offerings this year, including NIO and 111 Inc.

Tencent-backed Meituan Dianping raises $4.2b via HK IPO

The online food delivery-to-ticketing services platform priced its Hong Kong IPO near the top end of an indicative range

China’s Fosun said to acquire UK commodity broker Marex Spectron

Marex has been for sale for several years as its PE owners sought an exit from their investment.

Three senior Asia-focused bankers at StanChart said to resign

The three so-called coverage bankers were responsible for offering clients corporate and investment banking-related services.