China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 07, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

jd.com_financial_services_division
Source: China Business News

Deal News


Alibaba’s arch rival JD.com spins out its financial services business
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.

 

JD.com Inc. agreed to sell its finance arm while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for f...

Category: Daily Newsletter 

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By: ChinaDesk | February 17, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

Li_Ruigang_TVB_China_deal_newsletter_m&a

Deal News

TVB’s second-largest shareholder says it rejects buyback offer
The plan by Chinese media mogul Li Ruigang to tighten his grip on Hong Kong’s main free-to-air television broadcaster may be heading for a messy tussle, after TVB’s second-largest shareholder today declared its opposition to a HK$4.21 billion buyback proposal.

 

Silchester International Investors LLP, a London-based fund owning 14.1 per cent of Television Broadcasts Ltd, or TVB, said the January 24 buyback -- revised on February 13 -- was “essentially a disguised nil premium takeover attempt” by the controlling shareholder Young Lion Holdings, at a time when TVB and its share pr...

Category: Daily Newsletter 

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