Meili Inc., a Tencent-backed online fashion retailer, is planning to raise a total of US$500 million in an initial public offering in the U.S., according to media reports citing insiders.
Bao Yi, the chief executive of Morgan Stanley’s joint venture in China is leaving to start his own investment firm, according to the Wall Street Journal citing people familiar with the matter.
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Chinese natural gas distributor Sino Gas International Holdings, Inc. to Zhongyu Gas Holdings Ltd. for US$78.7 million, according to an announcement.
Morgan Stanley Private Equity Asia (MSPEA) is to sale 120 million shares of Hong Kong-listed Sihuan Pharmaceutical Holdings Group Ltd., according to media reports.
Jiangsu province-based Chinese automobile dealership company Rundong Automobile Group is planning an IPO in Hong Kong to raise as much as US$300 million during the first half of 2014, according to media reports.
China’s mergers & acquisitions (M&A) activity sets a new record this year with deal value hitting US$261.9 billion, surpassing last year’s record of US$210.6 billion by a whopping 24.4%, according to data released by Thomson Reuters.
Chinese city commercial lender Bank Of Chongqing is launching a US$593 million IPO at the Hong Kong Stock Exchange. The offering plans to issue 707 million shares in a price range of HK$5.60 to HK$6.50 per share.
In this episode of China Money Podcast, our guest is Stephen Roach, current senior fellow at Yale University’s Jackson Institute of Global Affairs and former chairman of Morgan Stanley Asia and the firm’s chief economist. He spoke with our host, Nina Xiang, on the Fed’s tapering of its quantitative easing programs and its impact on China; a potential U.S. default and what that means for China’s over US$3 trillion foreign reserves; and why he believes the fears of a China …
Beijing-based Chinese online classified ads website 58.com has filed for a US$150 million IPO on the New York Stock Exchange.
Chinese companies’ cross border deal value reached US$50.2 billion during the first half of the year, an 85% increase from the US$27.1 billion recorded in the same period last year, according to data released by Thomson Reuters. Chinese companies’ outbound deal activity saw greater increase, with deal value at US$36.3 billion, an 111% increase from US$17.2 billion in the first half of 2012.