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
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Venture Capital
The company is also raising a new property fund of around $20m, with a hard cap of $30m.
The French startup raised a total of $108m in the Series C extension round.
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.
Greater China
The size and structure of the initial public offering have not yet been finalised.
The Volvo owner is the first established carmaker to enter the premium smartphone sector.
Rest of Asia
GIC will buy about half of Works Human’s shares.
The intra-group transaction will have no impact on the Japanese tech investor’s group earnings.
Conditions include sharing excess profit with the US government.
