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United Kingdom

Julie Zhu

China's NetEase targets global expansion with $2.6 billion HK listing

01 Jun 2020

HONG KONG Chinese online gaming firm NetEase plans to raise about $2.6 billion to fund expansion through its secondary listing which began on Monday, a term sheet seen by Reuters showed, marking Hong Kong's largest equity deal so far this year.

GLOBAL MARKETS-Asia stocks scale 3-month peak, resilient to U.S. rioting

01 Jun 2020

SYDNEY/HONG KONG, June 1 Asian shares advanced to three-month highs on Monday as progress on re-opening economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing.

Netease aims to raise $2-$3 billion in Hong Kong listing

01 Jun 2020

HONG KONG, June 1 Chinese tech group Netease Inc aims to raise between $2 and $3 billion in one of the largest equity deals so far this year when it launches a secondary listing in Hong Kong on Monday, said three people familiar with the transaction.

Volkswagen pumps 2 billion euros into China electric vehicle bet

29 May 2020

BEIJING/HONG KONG Volkswagen AG plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

27 May 2020

HONG KONG/FRANKFURT Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.

China's Dada Nexus to kick off $500 million U.S. IPO this week -sources

26 May 2020

NEW YORK/HONG KONG Chinese delivery firm Dada Nexus Ltd will launch the investor roadshow for its U.S. initial public offering as early as Wednesday, according to people familiar with the matter, braving U.S.-China tensions over Chinese companies pursuing their stock market debut in New York.

China's Dada Nexus to kick off $500 million U.S. IPO this week: sources

26 May 2020

NEW YORK/HONG KONG Chinese delivery firm Dada Nexus Ltd will launch the investor roadshow for its U.S. initial public offering as early as Wednesday, according to people familiar with the matter, braving tensions between Washington and Beijing over Chinese companies pursuing their stock market debut in New York.

Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO, sources say

26 May 2020

BEIJING/HONG KONG Daimler AG plans to invest in Farasis Energy's planned $480 million (393.06 million pounds) IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.

NetEase and JD.com set dates for $5 billion Hong Kong listings

22 May 2020

HONG KONG Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com, four sources with direct knowledge of the matter said.

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