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United Kingdom

Kane Wu

China's Ruyi, pretender to LVMH's throne, plots more 'affordable luxury' deals

9:41am GMT

HONG KONG/BEIJING China's acquisitive apparel firm Shandong Ruyi is targeting more global deals involving "affordable luxury" brands, under a push to establish the first high-end Chinese fashion empire to eventually challenge behemoth LVMH .

SoftBank to invest in Chinese bike-sharing firm Hellobike: sources

08 Nov 2018

HONG KONG SoftBank Group Corp is looking to invest in Chinese bike-sharing start-up Hellobike, people with knowledge of the matter said, as the Japanese conglomerate bets on a market that has struggled with oversupply and tightening regulations.

Alibaba's on-demand online services unit valued at $30 billion - sources

08 Nov 2018

HONG KONG Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion (3.05 billion pounds) in fresh funds, people with knowledge of the situation told Reuters.

Exclusive: China's Wanda Group explores Legendary Entertainment stake sale - sources

26 Oct 2018

HONG KONG/NEW YORK China's Dalian Wanda Group is exploring a partial sale of its Hollywood film studio and the full sale of its sports assets in its latest push to reduce offshore holdings under pressure from Beijing, sources familiar with the matter said. | Video

EXCLUSIVE-China's Wanda Group explores Legendary Entertainment stake sale - sources

26 Oct 2018

HONG KONG, Oct 26 China's Dalian Wanda Group is exploring a partial sale of its Hollywood film studio and the full sale of its sports assets in its latest push to reduce offshore holdings under pressure from Beijing, sources familiar with the matter said.

Chinese EV startup WM Motor raising at least $288 million from Baidu, others: sources

25 Oct 2018

HONG KONG Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its latest funding round to finance growth, valuing the nearly four-year-old firm at over 20 billion yuan, two people told Reuters.

RPT-With record dry powder, private equity poised for Asia M&A boom

24 Oct 2018

* Private equity deal value $79 bln in Asia ex-Japan so far in 2018

With record dry powder, private equity poised for Asia M&A boom

23 Oct 2018

HONG KONG Dealmaking by private equity firms in Asia has surged this year, data showed, underscoring their rising presence in the region's otherwise stolid, tycoon-dominated M&A scene, backed by an unmatched warchest.

Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera - sources

15 Oct 2018

HONG KONG China's HNA Group is exploring an outright sale and other options for its IT outsourcing unit Pactera and has held talks with investors including Ant Financial [ANTFIN.UL], people with knowledge of the situation said.

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