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Thailand top mall developer mulls retail arm IPO next year

Bloomberg Central Group, one of Thailand’s biggest conglomerates, is studying options including a potential initial public offering of retail assets, people with knowledge of the matter said. The group is working on a restructuring of its retail operations ahead of a possible IPO as soon as next year, the people said, asking not to be identified because the information is ...

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Alibaba’s Ele.me seeking $2 billion in new funding

Bloomberg Ele.me, the food delivery platform acquired by Alibaba Group Holding Ltd., is on the hunt for $2 billion of new financing to help in its fight against Meituan Dianping, people familiar with the matter said. The Chinese company is seeking funds from potential investors such as venture capital firms to expand a business that’s burning enormous amounts of cash, ...

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ZTE surges after US frees it to resume doing business

Bloomberg ZTE Corp. climbed as much as 15 percent after the US formally lifted a ban on its American technology purchases, allowing the Chinese telecoms gear-maker to resume business. The company’s shares marked a month’s high in Hong Kong and rose by their 10 percent daily limit in Shenzhen. Washington’s decision resolves a months-long moratorium that thrust ZTE into the ...

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