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Julie Zhu

Exclusive: China's Ant aims for $200 billion price tag in private share sales - sources

17 Jan 2020

HONG KONG/BEIJING Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion (£153.4 billion), two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies.

Exclusive: Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation – sources

17 Jan 2020

BEIJING/HONG KONG Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters.

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push - sources

17 Jan 2020

HONG KONG/BEIJING Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd , two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market.

EXCLUSIVE-Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push -sources

17 Jan 2020

HONG KONG/BEIJING, Jan 17 Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market.

China's Ctrip in talks with banks to follow Alibaba with HK listing: sources

10 Jan 2020

HONG KONG/BEIJING U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.

China's Ctrip taps banks to follow Alibaba with HK listing - sources

10 Jan 2020

HONG KONG/BEIJING, Jan 10 U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.

Luckin Coffee seeks more of China market, launches equity deals worth $821 million

08 Jan 2020

BEIJING/HONG KONG Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country's biggest coffee chain by number of stores.

CITIC to sell 22% stake in McDonald's China business to PE arm: sources

08 Jan 2020

HONG KONG/BEIJING/SHANGHAI CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm.

Blacklisted Chinese firm Megvii cleared for $500 million Hong Kong IPO

06 Jan 2020

HONG KONG Chinese artificial intelligence (AI) company Megvii's plans for a $500 million Hong Kong initial public offering (IPO) are back on track after its application was cleared by the city's stock exchange, two sources with direct knowledge of the matter said.

World News

Trump adds legal heavyweights Starr, Dershowitz to impeachment team

President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial with the addition on Friday of former independent counsel Ken Starr, who paved the way for former President Bill Clinton's 1998 impeachment, and prominent lawyer Alan Dershowitz.