Han Wei
Stories by Han Wei
Global PE dealmaking witnessed steep decline in 2023: Bain report
Buyout value dropped 37%, while the value of investment exits fell 44%.
Hong Kong set to become first Asian market to launch crypto ETFs
Ten fund management companies are preparing to launch spot crypto ETFs.
Alibaba to trim investment in XPeng with $391m sell-off
XPeng said Alibaba’s decision reflects its strategy to monetize investment.
EV startup Nio joins Chinese auto industry’s rush into insurance business
Li Auto, BYD, and XPeng have also tapped the insurance sector.
Geely-backed flying car maker Aerofugia raises $13.8m
The Series A financing round was led by Tsinghua Holdings Capital.
Fosun Pharma secures $54m loans from IFC for West Africa plant
The facility will produce anti-malaria and anti-bacterial drugs.
China’s EV startup Aiways seeks to revive business by tapping overseas markets
The challenging domestic market has left the firm with a deepening liquidity crunch.
Taiping Life pays $431m for Anbang’s stake in Zheshang Bank
Taiping Life purchased 1.35 billion of Zheshang’s shares from Traveler Automobile Group.
Size of Syngenta’s $9.4b IPO may have led to cancellation of hearing by Shanghai bourse
The company filed its prospectus to sell shares in Shanghai in July 2021, but the process has been slow.
Ten stocks cleared to list on Shanghai, Shenzhen main boards after China’s IPO overhaul
Analysts expect new registration-based system to trigger a wave of IPOs.
