IPOs & Markets
JD.com said it would continue to hold a stake of more than 50% in JD Industrials and JD Property.
China's JD.com to spin off industrial, property units in Hong Kong listing
Asiantrust Capital halves target for hybrid fund, set to close it this year
SG-based True Global Ventures invests over $24m in French crypto firm Ledger
How China's PE funds will help revive its distressed property market
Alibaba's logistics unit gears up for Hong Kong IPO this year
More Stories
Temasek-backed Indian jobs platform GoodWorker lays off nearly 90% staff
PH salary-on-demand startup Advance raises $16m, acquires Vietnam’s BravoHR
Canadian pension fund OMERS names Ashish Goyal as new APAC head
Vietnam’s Vingroup in talks with investors to sell stake in shopping mall arm
Bukalapak posts $130m profit in 2022, thanks to a strong first quarter
Analysis
Pilot PE real estate funds will be allowed to invest in residential property, including unfinished projects.
The logistics unit is currently valued at more than $20b.
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The size and structure of the initial public offering have not yet been finalised.
Deals
The Volvo owner is the first established carmaker to enter the premium smartphone sector.
The intra-group transaction will have no impact on the Japanese tech investor’s group earnings.
Policy & Regulations
Conditions include sharing excess profit with the US government.
Alta aims to bring greater accessibility and liquidity to alternative investments.
Keep Inc, the largest online fitness platform in China, is making a third attempt to list in Hong Kong.
Private Equity
The fund has been set up in partnership with several institutional investors in China.