Edition:
India

Julie Zhu

Chinese companies take record 50% of global equity raising in first half of 2020

29 Jun 2020

HONG KONG Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy's earlier revival from the COVID-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward.

Chinese companies take record 50% of global equity raising in first half of 2020

29 Jun 2020

HONG KONG, June 29 Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy's earlier revival from the COVID-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward.

Exclusive: China's Fosun seeks sale of $1.3 billion stake in Alibaba's Cainiao - sources

23 Jun 2020

HONG KONG/BEIJING Fosun International is in talks with Alibaba and others to sell a stake worth $1.3 billion in the e-commerce giant's Cainiao, three people said, at a time when Alibaba has been increasing its holdings in the logistics affiliate.

China's Geely to take over debt-laden automaker Lifan as virus stokes shake-up: sources

19 Jun 2020

HONG KONG/BEIJING Volvo owner Geely is set to take over an automaker battered by a prolonged sales decline exacerbated by the impact of the novel coronavirus, said three people with knowledge of the matter, in an indication of how the pandemic is stoking consolidation.

TikTok owner ByteDance first-quarter revenue soared to around $5.6 billion - sources

17 Jun 2020

BEIJING/HONG KONG Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.

Exclusive: Tencent aims to become biggest shareholder of video streaming rival iQIYI - sources

16 Jun 2020

BEIJING/HONG KONG Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc , said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.

China Pacific Insurance launches up to $2.15 billion London listing

12 Jun 2020

LONDON/HONGKONG China Pacific Insurance launched a London listing on Friday to raise up to $2.15 billion, reviving a scheme to build investment links between the two countries after a series of delays.

RPT-DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets

09 Jun 2020

HONG KONG, June 9 Private equity investors are seeking Chinese companies to take private in the hope they can snap up bargains amid the coronavirus-related sell-off, but the banks that help find such deals are proving less keen to finance them.

Private equity scouts for China take-private deals amid tension, volatile markets

09 Jun 2020

HONG KONG Private equity investors are seeking Chinese companies to take private in the hope they can snap up bargains amid the coronavirus-related sell-off, but the banks that help find such deals are proving less keen to finance them.

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