InterContinental Hotels Group PLC has agreed to sell its full ownership of InterContinental Hotel Hong Kong to an investor consortium advised and managed by Hong Kong-based private real estate investment firm, Gaw Capital Partners, for US$938 million, according to a company announcement. No other details of the investor consortium were disclosed. IHG will retain a […]

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Sequoia Capital and the founder of its China operations, Neil Shen, have sold all of their remaining shareholding in Hong Kong-listed Chinese luxury goods retailer Sparkle Roll Group Limited, according to regulatory disclosures. Sequoia Capital and Shen acquired a combined 14.9% stake in Sparkle Roll for an undisclosed amount back in 2009. After the share […]

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NASDAQ-listed Chinese video-based social network firm YY Inc. has received a non-binding proposal letter from the company's chairman Lei Jun and CEO David Xueling Li to acquire all of the company's outstanding shares not already owned by them and to take the company private, according to a company announcement. The pair propose to acquire YY […]

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Baidu Waimai, the food delivery O2O (online-to-offline) platform launched by Chinese search engine Baidu Inc., is in the process to raise US$200 million in a new round of financing, according to reports from Tencent Technology. The round reportedly values the new platform at US$800 million, which is structured to make it a more independence entity […]

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