Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters November 10, 2021 By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion...
China’s Regulator Probing Ping An Insurance’s Property Investments: Reuters August 30, 2021 By Engen Tham, Zhang Yan, Kane Wu and Cheng Leng SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in...
European Companies to Seek Chinese Assets in Sectors Such as Insurance, Healthcare January 8, 2021 By Kane Wu European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world’s...
China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth November 4, 2020 By Scott Murdoch and Kane Wu China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of...
Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO August 20, 2020 By Kane Wu and Scott Murdoch Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss...
Alibaba’s Ant Group Makes Preparatory Filing in China for Giant IPO August 14, 2020 By Kane Wu Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China’s securities...
Australia Firms Begin to Use Legal Clause to Terminate M&A Deals Amid Virus March 26, 2020 By Paulina Duran and Kane Wu Several Australian companies are reviewing or even terminating takeover deals by using a legal escape route because of the devastating...
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...
Singapore Ride-Hailing Firm Grab Eyes Spin-Off of Financial Services Unit: Sources May 8, 2019 By Anshuman Daga and Kane Wu Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial...
Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion December 3, 2018 By Kane Wu Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below...