Bloomberg
Stories by Bloomberg
JD.com plans to spin off shipping unit in Hong Kong listing
JD.com made the logistics business, which offers warehousing and distribution services, a separate entity in 2017.
D.E. Shaw claims $71m from Chinese school for failing to sell shares
D.E. Shaw spent $20 million in 2013 to acquire preferred shares in Ledudu Education.
Indonesia’s Traveloka CEO plans US listing via SPAC this year
Traveloka is said to hire JPMorgan Chase & Co. for public listing in the US.
HSBC to target wealth management in latest strategic shift
As part of the coming shakeup, HSBC is considering moving some of its top executives to Asia.
Ant Group reaches agreement with China’s regulators on restructuring plan
The plan calls for putting all of Ant’s businesses into a holding company, including its tech offerings.
Myanmar leader Suu Kyi detained, says party spokesperson
Top military leaders had hinted at seizing power, even while saying they pledged to work in accordance with the law.
China outbound M&A seen driving rebound in loans in 2021
About $26 billion of China outbound M&As have been announced or proposed since a year ago.
HSBC, Maybank’s insurance venture among bidders for AXA SA’s Singapore biz
Axa has been looking to divest peripheral operations as it seeks to raise funds.
China’s Xiaomi, Tencent-backed online brokerages tap lucrative US IPO market
Tiger took part in 26 Chinese firm IPOs in the US last year, while Futu was involved in half of such US ADR deals.
China’s $1t sovereign fund revamps overseas investment committees
The fund’s goal has been to expand non-public investments in PE, real estate, among others.
