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China’s biggest insurer buys stake in Finleap

Bloomberg Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese behemoth’s $1 billion-Global Voyager Fund led the investment round, the companies said in a statement on Monday, which didn’t disclose additional terms. The deal values the Berlin-based ...

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Hong Kong fintech firm TNG to plan US IPO

Bloomberg TNG FinTech Group Inc., a Hong Kong-based digital wallet operator, plans to seek as much as $300 million in a US initial public offering, according to people familiar with the matter. The company, whose investors include billionaire Henry Cheng’s NWS Holdings Ltd., is working with advisers on preparations for the proposed share sale, according to the people. It aims ...

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China probes Australian barley as trade tensions simmer

Bloomberg China is starting an anti-dumping investigation on imports of Australian barley, sending a signal the world’s top commodity buyer may be increasing scrutiny of one of its most important suppliers. The one-year probe will start on Monday, and could be extended to May 19, 2020, according to a statement on the Ministry of Commerce’s website. Australian barley is being ...

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