SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
Kuaishou Surges 161% In Biggest Technology IPO Since Uber
Bloomberg 2/5/2021 Chloe Lo, Julia Fioretti and Ishika Mookerjee
(Bloomberg) Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 161% in its Hong Kong debut after a $5.4 billion initial public offering that attracted hundreds of billions of dollars of orders.
The shares closed at HK$300 after rising to as high as HK$345, compared with the IPO price of HK$115, valuing the Tencent Holdings Ltd.-backed firm at $159 billion. The company sold shares at the top of its price range in a deal that ranks as the world’s biggest internet IPO since Uber Technologies Inc.’s $8.1 billion U.S. share sale in May 2019.
Alibaba Group Holding Ltd s $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors faith in founder Jack Ma s e-commerce behemoth despite a regulatory crackdown on his empire.
Pricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to buy the rare debt float. The latest international bond offering is Alibaba s third, according to data from Refinitiv.
Several sovereign wealth funds were among the buyers, along with high profile U.S. long-only funds, a person with direct knowledge of the deal told Reuters, adding demand was extremely strong across the various maturity-tranches.
Alibaba Group Holding Ltd. pulled off Asia’s largest dollar bond sale in eight months, with investors giving a loud vote of confidence in the e-commerce giant’s long-term prospects amid easing tensions with Chinese regulators.
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SHANGHAI (Reuters) - Cisco Systems Inc’s purchase of Acacia Communications Inc has been approved by China’s antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.
FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante
The State Administration for Market Regulation’s (SAMR) green light brings the $4.5 billion dollar deal to a close after approval from other countries including the United States.
Network gear maker Cisco first announced its intention to acquire optical components manufacturer Acacia in 2019, looking to capture more business from telecoms companies.