| Project |
Year |
Money |
Section |
Category |
| L’Occitane delists from HKEX |
2024 |
USD6.42 billion |
Equity capital markets |
Privatisation; HKEX; Beauty products |
| Midea’s USD4.6bn Hong Kong IPO |
2024 |
HKD31 billion |
Equity capital markets |
HKEX; home appliances |
| WeRide’s USD440m debut on Nasdaq |
2024 |
USD440 million |
Equity capital markets |
Nasdaq; automotive technology |
| JD.com’s USD2bn senior notes offering |
2024 |
USD2 billion |
Debt capital markets |
Convertible bonds; e-commerce |
| Miniso acquires stake in Yonghui Superstores |
2024 |
USD900 million |
M&A |
Consumer and retail |
| TikTok’s e-commerce partnership with GoTo |
2024 |
USD1.5 billion |
M&A |
Share acquisition; e-commerce |
| NIO secures CYVN investment |
2024 |
USD2.9 billion |
PE/VC |
Investment; new energy cars |
| I-Mab divests China operation |
2024 |
N/A |
General corporate matter |
Divestment; biotechnology |
| BYD pays USD2.2 billion for Jabil's mobility business |
2023 |
USD2.2 billion |
M&A |
Asset acquisition; new energy; consumer electronics |
| NIO sells USD1 billion convertible senior notes |
2023 |
USD1 billion |
Debt Capital Markets |
Convertible bonds; electric vehicles |
| J&T Global Express's USD501m Hong Kong IPO |
2023 |
USD501 million |
Equity Capital Markets |
HKEX; logistics |
| Lotus Technology's SPAC listing on Nasdaq |
2023 |
USD880 million |
Equity Capital Markets |
Nasdaq; SPAC listing; electric vehicles |
| SharkNinja's spin-off listing on NYSE |
2023 |
N/A |
Equity Capital Markets |
NYSE; home appliances |
| XPeng purchases Didi's EV unit |
2023 |
HKD5.84 billion |
M&A |
Secondary public offering; electric vehicles |
| NetDragon's overseas carve-out mergers with GEHI |
2023 |
USD800 million |
M&A |
Spinoff listing; reverse takeover; education |
| AMD’s USD35bn acquisition of Xilinx |
2022 |
USD35 billion |
Cross-border |
M&A; semiconductor |
| Dismissal of class action against RLX |
2022 |
N/A |
Disputes & Investigations |
Class action; securities |
| ECARX SPAC listing on Nasdaq |
2022 |
USD3.82 billion |
Capital Markets |
De-SPAC; US listing; automobile |
| KE Holdings’ Hong Kong dual-primary listing |
2022 |
N/A |
Capital Markets |
Dual-primary listing; listing by way of introduction; internet |
| Li Auto’s USD2bn follow-on offering |
2022 |
USD2 billion |
Capital Markets |
Follow-on public offering; automobile |
| NaaS merges with RISE, lists on Nasdaq |
2022 |
N/A |
Capital Markets |
US listing; reverse takeover |
| NIO’s listing by introduction in HK, Singapore |
2022 |
N/A |
Capital Markets |
Hong Kong listing; Singapore listing; listing by way of introduction |
| Prenetics merges with SPAC, lists in US |
2022 |
USD1.25 billion |
Capital Markets |
US listing; de-SPAC; biotechnology |
| Sina privatisation-related Cayman proceedings |
2022 |
N/A |
Disputes & Investigations |
Privatisation; Cayman proceedings |
| Wallaby Medical’s acquisition of Phenox, Femtos |
2022 |
EUR500 million |
Cross-border |
M&A; medical devices |
| Baidu’s secondary listing on SEHK |
2021 |
USD3.1 billion |
Capital Markets |
Hong Kong listing; internet |
| Bilibili’s secondary Hong Kong listing |
2021 |
USD2.5 billion |
Capital Markets |
Hong Kong listing; internet |
| Didi Global’s USD4.4bn NYSE IPO |
2021 |
USD4.4 billion |
Capital Markets |
US listing; IPO; internet |
| JD Health’s USD3.4bn Hong Kong IPO |
2021 |
USD3.4 billion |
Capital Markets |
Hong Kong listing; pharmaceuticals |
| JD Logistics’ USD3.5bn Hong Kong listing |
2021 |
USD3.5 billion |
Capital Markets |
Hong Kong listing; logistics |
| KE Holdings’ USD2bn follow-on offering |
2021 |
USD2 billion |
Capital Markets |
follow-on public offering; housing |
| Tencent’s Sogou privatised from NYSE |
2021 |
USD3.5 billion |
Capital Markets |
Privatisation; technology |
| Trip.com lists in Hong Kong |
2021 |
USD1 billion |
Capital Markets |
Hong Kong listing; travel |
| Weibo’s Hong Kong secondary listing |
2021 |
USD385 million |
Capital Markets |
Hong Kong listing; technology |
| Xiaomi’s Hong Kong top-up placement |
2021 |
USD3 billion |
Capital Markets |
Technology |
| 58.com’s privatisation |
2020 |
USD8.7 billion |
Overseas Deals |
Privatisation; internet |
| Amgen acquires BeiGene stake |
2020 |
USD2.7 billion |
Deals in China |
Acquisition |
| Baidu acquires YY Live |
2020 |
N/A |
Deals in China |
Acquisition |
| Blue City’s Nasdaq listing |
2020 |
USD85 million |
Overseas Deals |
US listing |
| Fintech giant Lufax’s US listing |
2020 |
USD2.36 billion |
Overseas Deals |
US listing; fintech |
| Huya’s USD10bn merger with Douyu |
2020 |
USD10 billion |
Deals in China |
M&A; games |
| JD Health’s Hong Kong IPO |
2020 |
HKD26.4 billion |
Overseas Deals |
Hong Kong IPO; pharmaceutical |
| JD.com’s secondary HK listing |
2020 |
N/A |
Overseas Deals |
Hong Kong IPO; e-commerce |
| KE Holdings’ US IPO |
2020 |
USD2.12 billion |
Overseas Deals |
US IPO |
| MINISO’s US IPO |
2020 |
USD608 million |
Overseas Deals |
US; IPO |
| NetEase’s secondary listing in HK |
2020 |
HKD21 billion |
Overseas Deals |
US listing; internet |
| New Oriental’s HK secondary listing |
2020 |
USD1.31 billion |
Overseas Deals |
Hong Kong listing |
| SINA merges with new Wave, goes private |
2020 |
USD2.59 billion |
Overseas Deals |
Merger; privatisation |
| Trip.com Group issues exchangeable bonds |
2020 |
USD500 million |
Overseas Deals |
Exchangeable bonds issue |
| Xpeng’s US IPO and USD1.3 billion pre-IPO financing |
2020 |
USD1.3 billion |
Overseas Deals |
IPO; financing; automobile |
| GIC acquires JD logistics warehouses |
2019 |
RMB10.9 billion |
Deals in China |
Acquisition |
| Koolearn’s Hong Kong listing |
2019 |
HKD1.56 billion |
Overseas Deals |
Hong Kong IPO; online education |
| Tencent Music’s US listing |
2019 |
USD1.1 billion |
Overseas Deals |
US listing; entertainment industry |
| Alibaba privatizes and takes over Youku Tudou |
2016 |
N/A |
Deals in China |
M&A in China; privatization; TMT |
| Apex Technology acquires Lexmark International |
2016 |
N/A |
Overseas Deals |
Overseas M&A; TMT |
| Aurora Mobile’s Nasdaq IPO |
2018 |
USD77 million |
Overseas Deals |
US listing; data technology |
| BTG Hotels'srestructuring and acquisition of Home Inns Group |
2016 |
N/A |
Deals in China |
Asset restructuring; hotel industry; privatization |
| China Literature’s Hong Kong IPO |
2018 |
HKD8.3 billion |
Overseas Deals |
Hong Kong listing; eBooks |
| Didi Chuxing M@A with Uber China |
2016 |
USD35 billion |
Deals in China |
M&A in China; TMT |
| GLP’s privatization |
2018 |
USD11.64 billion |
Overseas Deals |
Privatization; Logistics |
| Innovent Biologics’ Hong Kong IPO |
2018 |
HKD3.156 billion |
Overseas Deals |
Hong Kong listing; Biopharmaceuticals |
| iQiyi’s Nasdaq IPO |
2018 |
USD2.25 billion |
Overseas Deals |
US IPO; Internet video and entertainment |
| Key Safety Systems acquires Takata Corporation |
2018 |
USD1.6 billion |
Overseas Deals |
M&A; Autoparts |
| Meituan Dianping’s Hong Kong IPO |
2018 |
USD4.2 billion |
Overseas Deals |
Hong Kong IPO; E-commerce |
| Meituan-Dianping'sUSD3.3 billion fundraising |
2016 |
USD3.3 billion |
Overseas Deals |
Private equity; TMT |
| NIO’s NYSE IPO |
2018 |
USD1 billion |
Overseas Deals |
US IPO; Electric vehicles |
| Qihoo 360 Technology goes private |
2016 |
USD9.3 billion |
Overseas Deals |
Private equity; privatization; TMT |
| Xiaomi’s Hong Kong IPO |
2018 |
HKD36 billion |
Overseas Deals |
Hong Kong IPO |
| Yunfeng Financial acquires MassMutual Asia |
2017 |
HKD13.1 billion |
Overseas Deals |
Overseas M&A; Insurance; Fintech |
| ZhongAn's Hong Kong IPO |
2017 |
USD1.525 billion |
Overseas Deals |
Overseas listing; Insurance; Fintech |
| 21Vianet Group’s bond offering |
2013 |
USD163.5 million |
Debt capital market |
Debt capital market |
| All-Stars’ investment in Xiaomi Corporation |
2015 |
USD1.1 billion |
Private equity & venture capital |
Private equity & venture capital |
| Alibaba Group’s investment in Youku Tudou |
2014 |
USD1.22 billion |
Deals in China |
M&A |
| Alibaba Group’s NYSE IPO |
2014 |
USD25 billion |
Overseas Deals |
Equity capital market |
| Baidu's notes offering on NASDAQ |
2014 |
USD1 billion |
Debt capital market |
Debt capital market |
| Baidu’s notes offerings |
2013 |
USD2.5 billion |
Debt capital market |
Debt capital market |
| BoCom acquires 80% of shares in BBM Bank |
2015 |
N/A |
Overseas Deals |
M&A |
| Didi Dache’s merger with Kuaidi Dache |
2015 |
USD6 billion |
Deals in China |
M&A |
| Focus Media’s backdoor listing on A-share market |
2015 |
N/A |
Take private |
Take private |
| Focus Media’s delisting from Nasdaq |
2013 |
USD3.7 billion |
Take private |
Take private |
| Giant Interactive’s take private transaction |
2014 |
USD3 billion |
Take private |
Take private |
| JD.com Inc’s IPO on NASDAQ |
2014 |
USD2.05 billion |
Overseas Deals |
Equity capital market |
| JD.com’s partnership with Tencent |
2014 |
USD3-4 billion |
Deals in China |
M&A |
| Shuanghui’s acquisition of Smithfield |
2013 |
USD7.1 billion |
Overseas Deals |
M&A |
| Sinopec’s notes offering |
2013 |
USD3.5 billion |
Debt capital market |
Debt capital market |
| Tencent and JD.com’s investment in Bitauto Holdings |
2015 |
USD1.55 billion |
Debt capital marke |
Debt capital marke |
| Youku and Tudou merger |
2012 |
USD 1.1 billion |
Deals in China |
M&A |
| China Three Gorges acquires a 21.35% stake in EDP |
2012 |
USD3.5 billion |
Overseas Deals |
M&A |
| Alibaba's privatisation and repurchase of half of Yahoo's stake |
2012 |
USD9.6 billion |
Take private |
Take private |
| Shanda goes private |
2012 |
USD2.3 billion |
Take private |
Take private |
| China Auto Rental receives investment from Warburg Pincus |
2012 |
USD200 million |
Private placement |
Private placement |
| Sale of Motorola’s networks business to Nokia Siemens Networks |
2011 |
USD975 million |
Deals in China |
M&A |
| Bluestar buys Elkem |
2011 |
USD2 billion |
Overseas Deals |
M&A |
| Take-private of China Security & Surveillance Technology |
2011 |
USD710 million |
Take private |
Take private |
| Take-private of Funtalk |
2011 |
USD428 million |
Take private |
Take private |
| Take-private of Harbin Electric |
2011 |
USD750 million |
Take private |
Take private |
| Take-private of Chemspec |
2011 |
USD125 million |
Take private |
Take private |
| Softbank settlemen |
2011 |
USD2 billion -6 billion |
Disputes |
Disputes |
| Sinopec's acquisition of 55% of Sonangol |
2010 |
USD2.5 billion |
Overseas Deals |
M&A |
| China Media Capital acquires News Corporation units |
2010 |
USD22.34 million |
Overseas Deals |
M&A |
| Daqo New Energy issued American depositary shares |
2010 |
USD87.4 million |
Environment & natural resources |
Environment & natural resources |
