Hong Kong (China)
Alibaba injects online pharmacy business into HK-listed unit
Alibaba Group plans to inject the operations of its online pharmacy business into Alibaba Health Information Technology (Alibaba Health), a Hong Kong-listed healthcare company that it bought alongside Yungfeng Capital last year, in a deal worth HK$19.4...
HK's Nest appoints ex-Intel executive to set up accelerator franchise
Hong Kong-based seed investor Nest has appointed Peter Dingle, formerly of Intel Corporation, to lead its newly-established Branded Accelerators program.
Hahn & Co-owned Cowell e Holdings files for Hong Kong IPO
Cowell e Holdings, a portfolio company of South Korea-based Hahn & Co. portfolio and a major supplier of camera modules used in Apple devices, has filed for an IPO in Hong Kong.
CVC-backed HKBN IPO prices at top of range, raises $750m
Hong Kong Broadband Network (HKBN), an internet service provider controlled by CVC Capital Partners, has raised HK$5.8 billion ($750 million) in its Hong Kong IPO.
Hong Kong's Future Fund advised to target alternatives
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an ageing population and slower economic growth, has been advised to target long-term, less liquid assets such as private equity.
CVC, others to raise up to $750m in HKBN IPO
CVC Capital Partners-controlled Hong Kong Broadband Network (HKBN) - the special administrative region's second largest internet service provider (ISP) - has launched its initial public offering this week with a view to raising as much as HK$5.8 billion...
Rocket Internet buys up Asia food delivery platforms
Online food delivery provider Foodpanda has acquired peers in seven Asian markets and become part of a global platform created by its parent, Rocket Internet.
Alibaba sets up non-profit VC unit to boost HK entrepreneurs
China’s Alibaba Group has created a HK$1 billion ($129 million) non-for-profit foundation to support Hong Kong start-ups.
Infrastructure funds exit UK's Eversholt Rail to Cheung Kong
3i Infrastructure, Morgan Stanley Infrastructure Partners and Star Capital Partners have agreed to sell Eversholt Rail Group, one of the UK’s three major rolling stock operators, to a consortium led by Hong Kong-based Cheung Kong Infrastructure (CKI)...
Investors back WeLab's financial innovation
For Hong Kong-based financial technology start-up WeLab, setting up a peer-to-peer lending (P2P) platform was never the priority. Rather, the company wanted to develop and leverage its capabilities in the design of internet finance products and big data...
DST, Iconiq join Series A round for Hong Kong P2P lender WeLab
DST Global founder Yuri Milner, Iconiq Capital and a joint venture between China Post and TOM Group have been added to Hong Kong-based internet finance start-up WeLab’s Series A round, taking the total raised to $20 million.
Crystal Stream leads $10m round for delivery start-up Lalamove
Crystal Stream Capital has led a $10 million for Lalamove, a Hong Kong-based mobile app for on-demand delivery services.
L Capital Asia leads cornerstones for Asiaray Media's HK IPO
L Capital Asia, is participating as a cornerstone investor in Greater China out-of-home advertising company Asiaray Media Group’s Hong Kong IPO, which is targeting up to HK$772.2 million ($99.5 million).
Carlyle to pay $483m for GE's AsiaSat stake, launch take-private
The Carlyle Group has agreed to acquire General Electric’s (GE) interest in Asia Satellite Telecommunications (AsiaSat) for up to HK$3.75 billion ($483 million) and then make a buyout offer for the Hong Kong-listed company.
Wiser Capital launches in Hong Kong
Wiser Capital Management, a recently formed alternative investment firm, has officially launched operations by opening an office in Hong Kong.
AIA, Nest set up accelerator for Hong Kong start-ups
AIA Group has teamed up with early-stage investor Nest to form a Hong Kong-based accelerator that will support start-ups with technologies relevant to the insurance and healthcare industries.
Asian start-up hubs: Global mandates
Innovation hubs have traditionally been defined by the size of their immediately addressable market. But with better access to capital, information and technology, some Asian jurisdictions are going global
Orchid Asia invests in Chinese apparel maker La Chapelle
Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
PE-backed Luye Pharma to take full ownership of Beijing Jialin
Luye Pharma Group, a PE-backed Chinese drug maker, has taken full ownership of its industry peer Beijing Jialin Pharmaceutical, acquiring a 42.02% interest from existing PE shareholders.
Morgan Stanley PE Asia backs Hong Kong financial advisor AMTD
Morgan Stanley Private Equity Asia (MSPEA) has invested an undisclosed sum in AMTD, Hong Kong’s leading independent financial planner (IFA) and insurance broker.
MVision hires two managing directors in Hong Kong
Placement agent MVision has hired Michelle Paisley and Dennis Kwan as managing directors in its Hong Kong office. They will join founder and CEO, Mounir Guen, who recently moved to Hong Kong to lead the firm's Asia expansion.
CDH to realize $1.6b from WH Group through share pledge
CDH Investments, the largest PE shareholder in WH Group, will return capital to LPs by pledging shares in the Chinese pork processor worth an estimated HK$12.6 billion ($1.6 billion).
QIA pays $616m for stake in Hong Kong department store operator
Qatar Investment Authority (QIA) has bought a 19.9% stake in Lifestyle International Holdings – a Hong Kong-listed retailer whose properties include SOGO department stores – for HK$4.78 billion ($616.2 million).
CVC to raise $80m via Jintian Pharma share sale
CVC Capital Partners will raise HK$620 million ($80 million) through a block trade of shares in Jintian Pharmaceutical Group, a Chinese pharmaceutical retailer and distributor.