Hints and tips:
...Former Barclays boss Bob Diamond is looking to take on TikTok as chair of a social media start-up that claims to be worth more than $3bn, despite revenue of only $36mn and less than $1mn in cash on hand...
...Weijian Shan, whose PAG group manages more than $50bn, said Beijing’s policies had caused “deep economic crisis” comparable to the global financial crash....
...Meanwhile read Tabby’s profile of PAG’s Shan here....
...A deal done four years ago by Shan Weijian’s Hong Kong-based investment firm PAG, illustrates one of the big roadblocks to distressed M&A in China: the lack of any clear restructuring process....
...“The fake data is almost systemic,” said Lu Shan, a professor at the University of Massachusetts. “There is so much focus on quick financial returns....
...Letter in response to this article: China threatens role of Hong Kong in the region / From Bob Walsh, Wilton, CT, US...
...KKR is making changes at the top in Asia, with co-head of private equity David Liu departing to set up his own firm and fellow co-head Ming Lu taking sole charge of the US buyout group’s regional private...
...I met the current maestro, Wu Tsong-shan, 56, who had followed his father and grandfather into the business....
...Flight , by Adam Thorpe, Jonathan Cape, RRP£16.99 Bob is a “freight dog”, a flying trucker pilot running whatever clients want, but he draws the line at switching medical supplies for AK-47s....
...In 2009, AIG agreed to sell Nan Shan to Primus Financial, then a new Hong Kong-based financial company, for $2.15bn....
...Certainly not on the basis of market reputation or appearances at Sotheby’s Hong Kong sales. Such names as Li Shan, Fang Lijun, Zhang Xiaogang or Wang Guangyi are absent....
...Born in Hong Kong and educated in England, he has fallen in love with his adopted city. “I’ve been Shanghaied, heart and soul,” he says....
...“A start-up like Primus could not have done this Nan Shan deal unless it had the credibility of someone like Bob,” says one senior banker in Hong Kong....
...“Accompanying the western products Coke, Pepsi and Schweppes there are Japanese soft drinks made by Suntory, Kirin and Sapporo, Taiwanese flavours under the Uni-President label, and Hong Kong brands such...
...‘The Legend Behind Lenovo: The Chinese IT Company That Dares To Succeed’, by Shan Feng and Janet Elfring, published in Hong Kong by Asia 2000...
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