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.
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.
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.
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.
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
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.
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.
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.