IPOs & Markets
The round valued Kunlunxin at around 21 billion yuan in its previous fundraising.
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Its performance is being closely watched amid worries over tech valuations.
Venture Capital
The HK state investment firm has deployed less than a fifth of its initial capital of $8b.
Private Equity
The acquisition was made through a pre-REITs fund in which Gaw is a co-GP.
Analysis
Moore Threads will start trading on Shanghai’s Star Market on Friday.
The round was led by state-owned energy group Beijing Energy Holding.
Deals
HeyMax issued new shares worth $6.7 million last week.
Mainland companies accounted for HK’s top 10 IPOs this year.
The company’s shares will debut on the bourse on Dec. 11.
The company is backed by SoftBank and Goldman Sachs, among others.
