Private Equity
The company is reportedly in discussions with US private equity firm Blackstone.
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Insurance companies contributed to over 70% of the fund’s dry powder.
IPOs & Markets
SG Enviro’s latest funding was anchored by Emerald Technology Ventures.
Venture Capital
JD.com backed five robotics companies in July.
Analysis
Shein entered the market in 2020, followed by Temu in 2024.
Yum China owns and franchises more than 17,000 stores in the country, including over 12,000 locations for KFC.
JD first entered the market last year with the opening of two smaller discount stores in Beijing.
The pre-IPO round comes two days after the firm refiled for public listing in HK under Chapter 18A.
Waiting to list on the Nasdaq are more than 40 Chinese companies.
Taiwan holds outsized influence over the global semiconductor supply chain.
