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United Kingdom

Julie Zhu

EV startup Byton aims to raise $500 million to fund growth - sources

08 Jan 2019

HONG KONG Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly three-year-old company at more than $4 billion, two people familiar with the matter told Reuters.

Start-ups hopeful as China readies Nasdaq-style tech board

07 Jan 2019

SHANGHAI/HONG KONG China's ambitions for a Nasdaq-style board for start-ups have galvanized the country's tech companies who are hopeful they can sidestep complex IPO hurdles and access easier funding.

Tencent-backed broker Futu confidentially files for up to $500 million U.S. IPO: sources

19 Dec 2018

HONG KONG Futu Securities International, a Hong Kong-based online brokerage firm backed by Tencent Holdings , has filed confidentially for a U.S. initial public offering (IPO) of up to $500 million, people with knowledge of the matter said.

UPDATE 1-China's Junshi Biosciences raises $394 mln after pricing IPO at bottom of range -sources

18 Dec 2018

HONG KONG, Dec 17 Chinese biotech startup Shanghai Junshi Biosciences Co Ltd has raised $394 million after pricing its Hong Kong initial public offering (IPO) at the bottom of a marketed range, two people familiar with the share sale said on Monday.

China's Junshi Biosciences raises $394 mln after pricing IPO at bottom of range -sources

17 Dec 2018

HONG KONG, Dec 17 Chinese biotech startup Shanghai Junshi Biosciences Co Ltd has raised $394 million after pricing its Hong Kong initial public offering (IPO) at the bottom of a marketed range, two people familiar with the share sale said on Monday.

Exclusive: China Development Bank supervising HNA asset sales - sources

14 Dec 2018

HONG KONG/BEIJING China Development Bank (CDB) is leading a team to supervise HNA Group's asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said.

China's AI start-up Megvii raising $500 million at $3.5 billion valuation: sources

10 Dec 2018

HONG KONG Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.

Tencent Music presses play on $1.2 billion U.S. IPO

03 Dec 2018

HONG KONG/NEW YORK Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict.

Tencent Music presses play on $1.2 billion U.S. IPO

03 Dec 2018

HONG KONG/NEW YORK, Dec 3 Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict.

World News

Maduro rival Guaido claims Venezuela presidency with U.S. backing

Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, winning the backing of Washington and many Latin American nations and prompting socialist Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the United States.