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1 week ago | 
financialpost.com | Julia Fioretti |Pei Li |Dong Cao
Article contentShein Group Ltd.’s initial public offering plan has slowed to a crawl as the retailer assesses the impact of United States tariffs on its business and awaits regulatory approvals, according to people familiar with the matter. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. We apologize, but this video has failed to load.
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1 week ago | 
bloomberg.com | Julia Fioretti |Pei Li |Dong Cao
A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023. Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering, a level that far exceeds how the fast-fashion giant is valued in private trades, according to people familiar with the matter.
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1 week ago | 
news.bloomberglaw.com | Julia Fioretti |Pei Li |Dong Cao
Shein Group Ltd.’s initial public offering plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business and awaits regulatory approvals, according to people familiar with the matter. Enthusiasm for what could be London’s biggest IPO in years has been dwindling, with Shein’s valuation target sinking and shareholders trying to sell stock at steep discounts in private market deals. In 2023, Shein was targeting an IPO with a valuation of up to $90 billion.
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2 weeks ago | 
news.bloomberglaw.com | Dong Cao
A fund backed by Shanghai Industrial Investment Holdings Co.is in talks to buy Otsuka Holdings Co.’s stake in Chinese medical device maker MicroPort Scientific Corp., according to people familiar with the situation. Otsuka has been considering options for its holding in Hong Kong-listed MicroPort, including selling it, Bloomberg News reported in October. The Japanese drugmaker’s stake was about 20.9% as of the end of June.
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2 weeks ago | 
bloomberg.com | Dong Cao
(Bloomberg) -- A fund backed by Shanghai Industrial Investment Holdings Co. is in talks to buy Otsuka Holdings Co.’s stake in Chinese medical device maker MicroPort Scientific Corp., according to people familiar with the situation. Otsuka has been considering options for its holding in Hong Kong-listed MicroPort, including selling it, Bloomberg News reported in October. The Japanese drugmaker’s stake was about 20.9% as of the end of June.
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2 weeks ago | 
news.bloombergtax.com | Dong Cao |Vinicy Chan |Angelina Rascouet
Decathlon SA has started a process to sell about 30% of its China business, according to people familiar with the situation. The French sporting goods retailer is working with an adviser and attracted initial interest from potential investors, the people said, asking not to be identified because the talks aren’t public. However, a sticking point is the size of the stake, as the parties may want more than a minority, the people said.
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2 weeks ago | 
bloomberg.com | Dong Cao |Vinicy Chan |Angelina Rascouet
A Decathlon SA store in Hong Kong. (Bloomberg) -- Decathlon SA has started a process to sell about 30% of its China business, according to people familiar with the situation. The French sporting goods retailer is working with an adviser and attracted initial interest from potential investors, the people said, asking not to be identified because the talks aren’t public. However, a sticking point is the size of the stake, as the parties may want more than a minority, the people said.
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2 weeks ago | 
news.bloomberglaw.com | Pei Li |Dong Cao
Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya Inc. in a $2.4 billion deal that would accelerate its push to become China’s answer to Spotify Technology SA, according to people with knowledge of the matter. Tencent Music, controlled by Chinese tech firm Tencent Holdings Ltd., plans to use a combination of cash and shares for the acquisition, said the people, asking not to be named because the information is private.
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2 weeks ago | 
bloomberg.com | Pei Li |Dong Cao
(Bloomberg) -- Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya Inc. in a $2.4 billion deal that would accelerate its push to become China’s answer to Spotify Technology SA, according to people with knowledge of the matter. Tencent Music, controlled by Chinese tech firm Tencent Holdings Ltd., plans to use a combination of cash and shares for the acquisition, said the people, asking not to be named because the information is private.
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2 weeks ago | 
news.bloomberglaw.com | Pei Li |Dong Cao
Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya Inc. in a $2.4 billion deal that would accelerate its push to become China’s answer to Spotify Technology SA, according to people with knowledge of the matter. Tencent Music, controlled by Chinese tech firm Tencent Holdings Ltd., plans to use a combination of cash and shares for the acquisition, said the people, asking not to be named because the information is private.
