Bottom line: P2P lenders like Lufax and Jimu Box have become the latest hot ticket for Chinese Internet investors, and one or more could make an IPO later this year to seize on the positive sentiment.
Lufax raises $500 mln
I remember a time not long ago when China tech deals worth just $10-$20 million were considered big and worthy of news, as such sums looked big when the sector was just starting to develop. Nowadays the threshold has risen sharply as both domestic and international investors flood into the space. That’s definitely the case with the latest mega-deal, which has seen peer-to-peer (P2P) lending platform operator Lufax raise a cool $485 million in new funding round, a record for the fast-emerging space.
The following press releases and media reports about Chinese companies were carried on December 5. To view a full article or story, click on the link next to the headline.
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Best Buy (NYSE: BBY) To Sell Its Five Star Business In China (Businesswire)
Haitong Securities (Shanghai: 600837) In Talks For Portuguese Investment Bank (English article)
Intel (Nasdaq: INTC) To Invest $1.6 Bln In China Factory (English article)
E-House (NYSE: EJ) Gives Details of Partial Spin-off Of Leju (NYSE LEJU) Shares (PRNewswire)
P&G (NYSE: PG) Sells China’s Biggest Battery Maker To CDH For $600 Mln (English article)
