Carrefour joins other multinational consumer groups in rejigging its China business amid slowing growth.
IPOs & Markets
InnoCare, that raised $215 million last year, is backed by firms such as 3H Health Investment, Jianxin Capital and Loyal Valley Capital.
The startup plans to use the proceeds to enhance its user management SaaS solutions and upgrade its interactive advertising platform, among others.
The Shanghai-listed YTO Express Group said Yunfeng plans to trim its 5.96 per cent shareholding to fulfil its own capital demand.
The robust investment comes in despite policy headwinds but going ahead, hostile conditions may lead to a dropoff in Chinese funding this year.
Policy & Regulations
Tencent Holdings Ltd said it will stop offering in China its test version of global best-selling video game 'PlayerUnknown's Battlegrounds'.
The lower valuation could be due to Luckin’s short track record -- it only started operations in October 2017.
The investment is part of Allianz Real Estate's strategy to grow its real estate exposure in the Asia-Pacific region.
The acquisition will help WuXi expand its biometric capabilities in the United States and Europe.
The restructuring would be implemented in several stages and also includes Cofco taking over oilseed crushing capacity from Sinograin.
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