Shanghai-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has filed for a U.S. initial public offering, seeking to raise between US$1.5 billion. The company plans to list on the New York Stock Exchange under the symbol ZTO, in what would be the first Chinese courier service provider to list in the […]
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Lu Qi, an executive vice president at Microsoft's Applications and Services Group, is to join China's Tencent Holdings Ltd. as Chinese technology companies continue to attract top-tier senior talent globally, Sina Technology reported citing insiders. Lu reportedly entered into a temporary leave last week because of health issues. He is still listed on Microsoft's official […]
MBK Partners and TPG have agreed to jointly acquire Hong Kong commercial telecom service provider Wharf T&T Ltd. from its parent the Wharf (Holdings) Ltd. for HK$9.5 billion (US$1.2 billion), the firms announced. As the owner of the Star Ferry, Harbour City and Times Square shopping centers in Hong Kong, the Wharf (Holdings) Ltd. started […]