HONG KONG Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building in a $422 million deal, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch.
HONG KONG, Jan 9 Chinese conglomerate HNA Group
on Wednesday said it had sold a majority stake in a
Manhattan building, the latest in a slew of asset disposals
undertaken by the group to ease an intensifying cash crunch.
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.
HONG KONG Asia Pacific M&A volumes clocked their second-highest level on record this year and dealmakers are optimistic the momentum will persist into 2019, with inbound deals into China emerging as a strong theme amid political and macroeconomic headwinds.
HONG KONG Global private equity firm Bain Capital LLC has closed its new Asia-focused fund at $4.65 billion, a person with direct knowledge said on Tuesday, exceeding its target and adding to the region's already record-high dry powder.
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.
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.
HONG KONG Finland's Amer Sports is close to signing a $4.6 billion euro ($5.2 billion) deal to be taken over by a consortium led by China's Anta Sports , said a person with direct knowledge of the transaction.
HONG KONG The SoftBank-led Vision Fund is hiring an investment team to be based in China as the $100 billion (£78.6 billion) investment giant expands in one of the world's most vibrant tech markets, two people with direct knowledge of the move told Reuters.