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India

Julie Zhu

Exclusive: Sempra nears $3 billion Chile sale to China's State Grid - sources

12 Oct 2019

U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion (2.4 billion pounds), the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.

Metro to sell majority stake in Chinese business to Wumart

11 Oct 2019

HONG KONG/DUESSELDORF, Germany German wholesaler Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers in the hospitality industry.

Metro trennt sich von der Mehrheit an seinem China-Geschäft

11 Oct 2019

Hongkong/Düsseldorf Der Handelsriese Metro verkauft die Mehrheit an seinem China-Geschäft und will mit dem Erlös sein Großmarktgeschäft ankurbeln.

Exclusive: China Everbright Group to restructure, pursue billion-dollar HK IPO - sources

10 Oct 2019

SHANGHAI/HONG KONG State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.

Goldman evaluating role in China's Megvii IPO after U.S. blacklist

09 Oct 2019

NEW YORK/HONG KONG Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd's planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.

Investors keep their faith in Hong Kong markets despite protests

03 Oct 2019

HONG KONG As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in another part of the city were busy taking in billions for the public float of the Asia unit of the world's largest brewer.

AB InBev Asia unit's strong Hong Kong debut to boost IPO outlook amid political unrest

30 Sep 2019

HONG KONG AB InBev's Asia-Pacific unit, which raised about $5 billion after relaunching its IPO this month, rose more than 6% on its market debut in Hong Kong, easing concerns of the impact of ongoing anti-government protests on new share offerings.

Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

30 Sep 2019

BEIJING/HONG KONG China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

AB InBev Asia unit raises $5 billion in revived Hong Kong IPO under shadow of protests

24 Sep 2019

HONG KONG Brewer AB InBev priced the Hong Kong IPO of its Asia-Pacific unit at the bottom of a marketed range to raise about $5 billion, indicating deals in the pipeline may need subdued valuations to succeed as protests in the city unnerve investors. | Video

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