Equity

JD.com looks to rival Alibaba’s physical presence

Leading online retailer pays $190 million for a 46% stake in China’s third-largest electronics retailer as it aims to strengthen its physical network in its battle with its bigger rival.
April 18, 2019

Luckin Coffee bags another $150m ahead of US IPO

China's fast-growing coffee chain is clearly on the double espressos. Despite widespread concerns about its cash-burning business model, it has just completed its third funding round in 10 months.
April 17, 2019

Hyundai Oilbank IPO still on course after stake sale

The owner of South Korea’s fourth-largest oil refinery will still pursue the highly anticipated initial public offering of its business after selling a 17% stake to Saudi Arabia’s state oil company.
April 15, 2019

Shenwan Hongyuan aiming for magnificent 7th with IPO

Belatedly following six bigger rivals, the Shanghai-based brokerage is to tap the Hong Kong market for funding with the city’s biggest IPO so far this year. The timing could be propitious.
April 11, 2019

Hong Kong travel unicorn targets Japanese market

Ahead of the 2020 Tokyo Olympics, Asia’s largest in-destination travel services booking platform has raised a record follow on Series D funding led by SoftBank Vision Fund.
April 10, 2019