BEIJING/HONG KONG The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.
HONG KONG, March 13 China's oldest peer-to-peer (P2P) lending company FinVolution Group has asked HSBC to seek out potential investors interested in taking the U.S.-listed firm private, two people with direct knowledge of the discussions said.
HONG KONG Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high.
HONG KONG, March 10 Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high.
HONG KONG U.S. private equity firm Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion (£3.06 billion) deal, said two sources, in one of its biggest bets yet on the Chinese market.
HONG KONG Television producer China Bright Culture Group has raised $116 million in a Hong Kong share offering without any of the usual face-to-face meetings, a strategy others are likely to follow to deal with coronavirus fears, sources said on Friday.
HONG KONG WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, two sources with direct knowledge of the matter said.
NEW YOKR/HONG KONG China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.
NEW YOKR/HONG KONG, March 6 China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.
HONG KONG/BEIJING Autonomous driving firm Pony.ai said on Wednesday it has raised $462 million in its latest funding round, led by an investment by Japan's largest automaker Toyota Motor Corp.
Spain said it would declare a 15-day state of emergency from Saturday, signalling a sharp escalation in its fight against the coronavirus, as some regions shut shops and church authorities cancelled at least two Easter parades.