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United Kingdom

Kane Wu

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.

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.

PTT retail unit set to join Thai corporate giants vying for Tesco's Asia business - sources

08 Jan 2020

HONG KONG/SINGAPORE The retail unit of Thailand's biggest energy company PTT plans to bid for Tesco Plc's Asia businesses, competing with other Thai corporate heavyweights for the operations worth up to $9 billion, people familiar with the situation said.

Tencent gets into global groove with stake in Vivendi's Universal

31 Dec 2019

PARIS/HONG KONG A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros (25.75 billion pounds) and giving the Chinese firm a global backstage pass. | Video

China outbound M&A plummets to 10-year low on trade tensions, economic slowdown

31 Dec 2019

HONG KONG China's outbound mergers and acquisitions (M&As) clocked their weakest year in a decade in 2019, as an escalated U.S.-China trade war and tightened regulatory scrutiny of Chinese companies impacted appetite for overseas dealmaking.

JD.Com's logistics unit taps banks for potential $8-$10 billion IPO - sources

23 Dec 2019

HONG KONG The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion (6 billion pounds) to $10 billion, two people with direct knowledge of the matter told Reuters.

Exclusive: ChemChina seeks funding from Chinese state-backed firms ahead of Syngenta IPO - sources

20 Dec 2019

HONG KONG China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation. The reorganisation includes Swiss giant Syngenta.

World News

China says virus cases rise to 440, with nine deaths

China's National Health Commission said on Wednesday 440 people in 13 Chinese provinces were confirmed to be infected with a new coronavirus as of Tuesday, with nine deaths, and that there was evidence of respiratory transmission from patient to patient.