Lulu Yilun Chen
Stories by Lulu Yilun Chen
Alibaba, DST lead $750m investment in Chinese grocery app Nice Tuan
D.E. Shaw & Co., Anatole Investment, and Jeneration Capital also invested.
China mulls creating state-backed entity to oversee tech data
The plan would mark a major escalation in regulators’ attempts to tighten their grip over the internet sector.
Didi Chuxing advances IPO plans to next quarter, targets $62b valuation
The debut would hand another triumph to investor SoftBank and Masayoshi Son.
China wants Alibaba to shed media properties including South China Morning Post
The company has stakes in the Twitter-like Weibo and several news outlets.
Gaw Capital said to weigh $200m SPAC for Asia tech deals
Gaw would KKR and Warburg in tapping the red-hot SPAC market to fund their acquisitions.
Sequoia-backed Chinese grocery app Dingdong Maicai mulls US IPO
Its backers include General Atlantic, Bertelsmann Asia, Qiming and Gaorong Capital.
After $30b return on its Kuaishou investment, 5Y Capital plans new $1b fund
5Y Capital has also invested in Agora, the company behind Clubhouse.
Chinese e-commerce platform Dmall said to plan $500m US IPO this year
Beijing-based Dmall is working with advisers and is aiming to list as soon as the second half of this year.
Tencent-backed WeDoctor close to raising $350m ahead of IPO
The firm plans to list its healthcare services, which include online and on-the-ground consulting.
China display maker Royole ditches US to seek $1.8b local IPO
The company plans to file the application to China’s Nasdaq-style trading venue as soon as December.
