Alibaba’s Ant Group Files for Dual Listing; Could Be World’s Largest IPO Ever August 25, 2020 By Julie Zhu Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and...
China Urges Local Firms to List in London with China Pacific Insurance Leading the Pack May 18, 2020 By Abhinav Ramnarayan, Julie Zhu and Michelle Price China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to...
Ping An’s Technology Unit OneConnect Reduces Offering in U.S. IPO December 5, 2019 By Julie Zhu Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday,...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources May 28, 2019 By Kane Wu, Sumeet Chatterjee and Julie Zhu Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter...
China’s Anbang to Sell Overseas Properties Worth $10B in Ongoing Rescue: Sources July 19, 2018 By Sumeet Chatterjee and Julie Zhu China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its...
China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance April 30, 2018 By Julie Zhu and Sijia Jiang China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to...
Explaining Ant Financial’s $150B Valuation – and Investor Enthusiasm for China Tech April 18, 2018 By Kane Wu and Julie Zhu Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources April 11, 2018 By Julie Zhu and Anshuman Daga China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion,...
China’s 2nd Largest E-Commerce Firm, JD.com, Seeks to Expand in Insurance, Banking March 16, 2018 By Julie Zhu JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see...
China’s Fosun to Continue ‘Genuine’ Overseas M&A August 31, 2017 By Julie Zhu Fosun International, one of China’s most acquisitive conglomerates, brushed off the impact of a crackdown on overseas dealmaking and said...