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...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit November 28, 2018 By Sumeet Chatterjee and Kane Wu Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as...
China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources September 26, 2018 By Junko Fujita and Kane Wu Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group...