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Tencent, Hillhouse to manage China’s offshore trillions

Bloomberg Tencent Holdings Ltd. and Hillhouse Capital Management Ltd. are joining the throng of financial firms seeking to service the huge number of Chinese investors looking to diversify outside of the mainland. GaoTeng Global Asset Management Ltd., the duo’s one-year-old venture in Hong Kong, plans to start accepting money shortly from retail Chinese investors who have existing assets internationally, according ...

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Chin’s Link Motion CEO resigns in Zhongzhi deal

Bloomberg Link Motion Inc., a Beijing-based connected-car firm, said CEO Zemin Xu and two other top executives are resigning. Jia Lian has been appointed acting CEO to restructure management as part of new agreements with Zhongzhi Hi-Tech Overseas Investment Ltd., Link Motion said in a statement late Friday. Chief Financial Officer Roland Wu and General Counsel Justin Chen, who also ...

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Hong Kong tycoon Li weighs UK infrastructure IPO

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Bloomberg Hong Kong tycoon Victor Li’s CK Infrastructure Holdings Ltd., which owns energy and water utilities globally, is considering listing some UK assets through a London initial public offering, according to people with knowledge of the matter. CK Infrastructure (CKI) is speaking with investment banks about the listing of certain UK holdings through a potential multibillion-dollar fund, said the people, ...

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