IPOs & Markets
Alibaba plans to restructure the unit as a business partly owned by employees.
1
Tokio Marine in talks to invest in Igloo as Japanese insurers continue to bet on Indonesia
2
India's Avataar Venture eyes third fund to back growth-stage startups
3
Nium trims losses a tad in 2024 despite higher processing costs
4
Alibaba to plan IPO for AI chipmaking unit T-Head
5
EQT expands into secondaries with Coller Capital acquisition
More Stories
Advantage Partners-backed Pharmaforte ropes in banker for potential sale
Singapore startup Level3AI bags $13m in seed round led by Lightspeed
IFC investing $34m in Malaysia’s Asia Pacific University
Grab faces profitability hit as Indonesia moves to lower commission cap
SC Capital secures $330m from CPP Investments consortium for Japan strategy
Policy & Regulations
The company filed for bankruptcy in December.
Analysis
The scramble comes as properties have been sharply revalued downward.
The company is selling 31 million new shares at HK$64.50 ($8.27) each.
Private Equity
The company hired China’s Guotai Haitong Securities for its pre-listing tutorial.
Regulators have dispatched investigators to PDD’s Shanghai headquarters.
KKR remains the majority investor in Sylvan.
Companies hit by oversupply, trade tensions and rising material prices.
The assets could be valued at around $20b.
Uni-Ubi will step up its global expansion and focus on emerging markets like SE Asia.
