Companies

The Shenzhen-headquartered lithium-ion battery maker has named seven banks involved in the listing process.

Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.

The deal includes an agreement to buy Banner Life, enter a partnership in the US pension risk transfer business, and an intention to take a 5% shareholding in Legal & General Group.

The release of a competitive low cost large language models not only shifts the AI narrative away from expensive hardware, but also prompts debate about a potential inflection point for fund managers, with some models potentially not surviving.

Effie Vasilopoulos, formerly at Sidley Austin, will lead Broadfield's Apac operations as the newly created firm looks to build out the team quickly to cover the region across funds, private equity and corporate advisory.

With China's DeepSeek already shaking up 2025's AI market, around $70bn was raised last year by Asia's tech firms.

The Hong Kong property developer secured the deal with a consortium of international, Chinese and local banks; the company cited "challenging" market conditions in mainland China and Hong Kong as 2024 profits fell 25%.

Peter Wu joins the firm as head of product management, private wealth, at the secondaries' manager fifth location in Apac.

The undisclosed deal for DiabTec, struck with Jalphur, gives the firm a MENA manufacturing base, as Kelix Bio continues its acquisition spree.