IPO

One of China's new REITs focuses on warehouse logistics at Shenzhen's Yantian Port. 
Markets

New Chinese REITs rise in market debut

Funds restricted to infrastructure investment to help strapped local governments

21 June 2021
Sea's share price ended at $282.49 on Friday in New York, another record high for the company on a weekly close basis..
Markets

Sea tops SoftBank in market cap amid Latin America expansion

Singapore tech group valued at $140bn launches e-commerce in Chile and Colombia

21 June 2021
SenseTime specializes in AI software for facial recognition, tracking, object detection, image and video processing and data analysis. (Photo by Cheng Ting-Fang)
China tech

Chinese AI startup SenseTime resumes push for $2bn Hong Kong IPO

Despite US blacklisting, company eyes market debut by fourth quarter

18 June 2021
A SPAC listing deal gives Anthony Tan 60.4% of Grab's voting rights despite his 2.2% ownership stake. (Photo by Kosaku Mimura) 
Business Spotlight

Grab's $40bn SPAC plan puts CEO Anthony Tan in driver's seat

Super app founder's huge voting power will bring fresh scrutiny of leadership

18 June 2021
Beijing-based Kuaishou leads among recent IPOs in market value despite withering competition from ByteDance's Douyin. (Source photos by AP) 
IPO

TikTok rival Kuaishou takes market cap crown among new IPOs

Chinese names take nine of top 10 spots in Asia, with Coupang sole exception

18 June 2021
FWD, a Hong Kong-based insurer backed by Richard Li, has filed confidentially for a U.S. initial public offering. (Source photos by Reuters)
IPO

Hong Kong billionaire Richard Li's insurance unit seeks US IPO

FWD targets fundraising of about $3 billion for further acquisition plans

17 June 2021
Chairul Tanjung is aiming to modernize CT Corp, the Indonesian conglomerate he founded more than three decades ago, by taking it public. (Photo by Dimas Ardian)
IPO

Indonesian conglomerate CT Corp embarks on journey toward IPO

Founder Tanjung wants group spanning banking and retail to be 'global champion'

17 June 2021
Angelalign last year saw its net profits climb 122% as revenues rose 26%. (Screenshot from Angelalign website) 
IPO

Shares of 'China's Invisalign' rise up to 183% in Hong Kong IPO

Retail investors placed orders for $78bn in Angelalign Technology stock

16 June 2021
Megaworld is the fifth Philippine company to announce it will tap the new instrument of real estate investment trusts. (Source photos by Hirofumi Yamamoto and screenshot from Megaworld's website)
IPO

Philippine call center landlord Megaworld eyes $567m REIT

Alliance Global unit joins other local developers in race to raise funds

16 June 2021
Didi Chuxing is China's biggest ride-hailing company, while Japan's SoftBank Group is its top shareholder. (Photo courtesy of Didi)
IPO

Chinese ride-hailing giant Didi files for mega IPO in US

SoftBank, Uber and Tencent listed as largest backers

11 June 2021
China Three Gorges Renewables (Group) solar power station in Huainan, China. The company is one of the country's largest producers of solar and wind power. 
IPO

Three Gorges Renewables soars in China's biggest IPO in 17 months

State-owned company raises $3.5bn to develop offshore wind power

10 June 2021
Eastern Air Logistics has posted strong growth, utilizing the network and resources of China Eastern Airlines. 
Transportation

China Eastern Airlines affiliate gains 44% in Shanghai IPO

Debut positive sign for logistics sector hungry for capital amid price war

9 June 2021
Monde Nissin, maker of the Lucky Me! instant noodle brand, has scored the Philippines' biggest ever IPO.
IPO

Philippines' Monde Nissin aims to cash in on plant-based meat boom

Shares open lower on first day of trading following last week's $1bn IPO

1 June 2021
JD Logistics priced its IPO close to the bottom of the marketed range before shares began trading on Friday.
Market Spotlight

IPO fatigue hits Hong Kong despite debut boost for JD spinoff

Most of 2021's torrent of listings are trading below their issue price

31 May 2021
Full Truck Alliance connects over 2.8 million truckers to 1.4 million shippers across 300 cities in China, generating by charging shippers membership and freight brokerage fees.
IPO

China's 'Uber for trucks' preps $1.5bn New York IPO

Tencent-backed Full Truck Alliance is investing in autonomous driving technology

28 May 2021
JD Logistics still gets most of its revenue from parent JD.com, but its share has fallen to just over half. 
IPO

JD Logistics cheers Hong Kong investors with strong debut

Boost after string of IPO flops as shares climb as much as 18%

28 May 2021
NetEase's Cloud Village is gearing up to take on bigger rival Tencent Music Entertainment Group in the fast-growing music streaming sector in China.
IPO

Top Tencent Music rival Cloud Village to list in Hong Kong

NetEase unit could raise about $1bn to fund expansion

26 May 2021
"There were many investment failures, such as WeWork, Greensill and Katerra," Masayoshi Son told Nikkei in May. "But what I regret more is the missed opportunities to invest."
The Big Story

How SoftBank taught the market to love lossmaking startups

A slew of IPOs may vindicate Masayoshi Son's growth-at-all-costs view

26 May 2021
Liu Yonghao, chairman of New Hope Group, was among the first private capitalists to be appointed to the Chinese People's Political Consultative Conference. (Source photos by AP and Reuters) 
IPO

Chinese farming billionaire seeks Hong Kong IPO for global deals

Despite tepid market response, New Hope's Liu Yonghao plans aggressive expansion with M&As

24 May 2021
After more than 100 days under house arrest, Aung San Suu Kyi will appear in court on May 24. 
Your Week in Asia

Aung San Suu Kyi in court, JD Logistics IPO, HSBC coal plan

Your weekly lineup of Asia's biggest business and political events

23 May 2021
The JD Logistics offering will be the second-largest IPO so far this year in Hong Kong. 
IPO

JD Logistics set to raise $3.2bn with lowered IPO price

Retail orders brisk in share sale but sector sentiment shaky

21 May 2021
Seven cornerstone investors have agreed to buy $1.5 billion of the shares on offer in JD Logistics' IPO. 
IPO

SoftBank and Temasek buy into JD Logistics IPO

E-commerce company trims valuation target amid market turmoil

14 May 2021
Adrian Cheng's SPAC was able to complete its share sale within two hours. (Photo by Paul Yeung)
Business deals

Hong Kong tycoon's SPAC raises $300m for China deals

Adrian Cheng-led vehicle first to list in US from Asia since SEC warning

14 May 2021
BYD's chip business generated $224 million in revenue last year. 
IPO

Chinese EV maker BYD to spin off chip unit amid global shortage

Analysts say company already self-sufficient in semiconductors

12 May 2021
China Three Gorges Renewables has a share of about 3% of domestic wind power production and more than 2% of solar capacity.
IPO

Three Gorges unit preps $3.5bn IPO to push Xi's clean energy agenda

Largest Chinese listing in a year to raise money for offshore wind power

7 May 2021