Reuters
Stories by Reuters
China Merchants’ unit makes $3.4b offer for Chindata Group
The preliminary offer from China Merchants Capital Holdings outbids Bain Capital.
China IPO applications slump by a third in first half of 2023
Shanghai's STAR Market was the top venue, where companies raised $10.6b via IPOs in H1.
India’s Go First airline seeks investor interest as part of insolvency process
Go Airlines filed for bankruptcy protection in May.
China’s state planner holds meeting with private firms such as Baidu
This is the second round of dialogue between the NDRC and private firms.
NZ’s Infratil to buy 80% stake in Console Connect from HKT Trust for $160m
Infratil will own between 60-80% of Console Connect, with HKT holding the remainder.
Saudi National Bank wanted to increase stake in Credit Suisse to 40%
The move would have involved Saudi National Bank pumping $5b into Credit Suisse.
TPG to buy Forcepoint unit from Francisco Partners for $2.45b: report
The report cited people familiar with the matter.
India’s Vedanta to take over Foxconn semiconductor JV from holding co
Vedanta will also take over a display glass manufacturing venture from its holding co.
China sets wide-ranging rules for $2.9-trillion private investment funds
The new rules create a chapter specifically for venture capital funds.
Tesla offers new incentives in China as price cuts rock EV market
Taken together, the developments point to the pressure Tesla and rivals face in China's EV market.
