By Mars Woo
The CITIC PE and Temasek-backed AsiaInfo is provider of China’s first-generation telecom software since the 1990s.
The move to float the unit is part of a government push to sell state-assets to raise funds.
The funds will be used to buy out some of its private equity investors before a planned initial public offering (IPO) later this year.
The buyer group has decided to withdraw the proposal due to recent market conditions.
The company is the world’s second largest lithium producer by sales.
CooTek is backed by several Qiming funds, which together hold an 18.2% stake, Sequoia Capital China, and SIG Asia.
Qutoutiao, which means fun headline, counts Chinese internet search giant Baidu as its largest customer.
Proceeds will refinance $5-billion bridge loans backing ThaiBev’s $4.84-billion acquisition of a 53.59% stake in Vietnam’s Sabeco.
More than 10 biotech companies have applied to begin trading on the Hong Kong stock exchange since the bourse changed its rules in April to allow unprofitable drug developers to join.
111 Inc’s filing in the US comes at a time when China’s pharmaceutical players are quickly moving online to further corner a larger share of the market.