Project |
Year |
Money |
Section |
Category |
NIO sells USD1 billion convertible senior notes |
2023 |
USD1 billion |
Debt Capital Markets |
Convertible bonds; electric vehicles |
Lotus Technology’s series pre-A and series A financing |
2023 |
USD370 million |
PE/VC |
Financing; electric vehicles |
Subway’s biggest master franchise agreement |
2023 |
N/A |
M&A |
Franchising; food & beverage |
CSC SPIC New Energy REIT raises USD1.1bn |
2023 |
RMB7.84 billion |
2 |
Fund establishment; infrastructure REIT; new energy |
Kingsoft Cloud’s Hong Kong dual-primary listing |
2023 |
N/A |
Equity Capital Markets |
HKEX cloud computing |
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 |
XPeng purchases Didi’s EV unit |
2023 |
HKD5.84 billion |
M&A |
Secondary public offering; electric vehicles |
Sinopec joins Kazakhstan’s biggest polythene project |
2023 |
USD7 billion |
M&A |
Share acquisition; petrochemicals |
Abogen Biosciences series C, C+ financing |
2022 |
USD1.02 billion |
Cross-border |
Financing; pharmaceuticals |
ByteDance’s USD1.5bn acquisition of Amcare Healthcare |
2022 |
USD1.5 billion |
Domestic |
M&A; healthcare |
ECARX SPAC listing on Nasdaq |
2022 |
USD3.82 billion |
Capital Markets |
De-SPAC; US listing; automobile |
GAC Aion’s series A financing |
2022 |
RMB18.3 billion |
Domestic |
Financing; automotive |
Huaxia CCCC REIT’s USD1.3bn listing |
2022 |
USD1.3 billion |
Capital Markets |
Fund establishment; infrastructure REIT |
JD Property’s mandatory acquisition of China Logistics |
2022 |
HKD16.4 billion |
Domestic |
M&A; logistics |
JD Property’s USD800m series B financing |
2022 |
USD800 million |
Cross-border |
Financing; PE/VC |
JheT Express USD1bn acquisition of Best |
2022 |
USD1 billion |
Cross-border |
M&A; logistics |
KE Holdings’ Hong Kong dual-primary listing |
2022 |
N/A |
Capital Markets |
Dual-primary listing; listing by way of introduction; internet |
Leapmotor’s USD800m HK listing |
2022 |
USD800 million |
Capital Markets |
Hong Kong listing; electric vehicles |
Li Auto’s USD2bn follow-on offering |
2022 |
USD2 billion |
Capital Markets |
Follow-on public offering; automobile |
NIO’s listing by introduction in HK, Singapore |
2022 |
N/A |
Capital Markets |
Hong Kong listing; Singapore listing; listing by way of introduction |
Penghua Shenzhen Energy REIT’s SZSE listing |
2022 |
RMB3.54 billion |
Capital Markets |
Fund establishment; REIT; energy |
Tims China lists via SPAC on Nasdaq |
2022 |
USD1.4 billion |
Capital Markets |
de-SPAC; US listing; catering |
Wallaby Medical’s acquisition of Phenox, Femtos |
2022 |
EUR500 million |
Cross-border |
M&A; medical devices |
Wanda’s transfer Legendary stake to Apollo |
2022 |
USD770 million |
Cross-border |
M&A; entertainment |
Didi Global’s USD4.4bn NYSE IPO |
2021 |
USD4.4 billion |
Capital Markets |
US listing; IPO; internet |
Goldman buys remaining Gao Hua Securities stake |
2021 |
N/A |
Cross-border |
Joint venture; M&A |
HNA Group restructuring |
2021 |
RMB41 billion |
Domestic |
Bankruptcy restructuring; aviation |
JAC-VW’s strategic co-operation |
2021 |
EUR1 billion |
Cross-border |
Restructuring; automotive |
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 senior notes under global MTN programme |
2021 |
USD4.1 billion |
Capital Markets |
Senior notes; technology |
Tencent’s Sogou privatised from NYSE |
2021 |
USD3.5 billion |
Capital Markets |
Privatisation; technology |
Xinjiang Daqo’s Star board listing |
2021 |
N/A |
Capital Markets |
Star board; energy |
58.com’s privatisation |
2020 |
USD8.7 billion |
Overseas Deals |
Privatisation; internet |
Baidu acquires YY Live |
2020 |
N/A |
Deals in China |
Acquisition |
Guazi.com series D financing |
2020 |
USD1.7 billion |
Deals in China |
Financing |
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 |
Kingsoft Cloud’s US IPO |
2020 |
USD551.3 million |
Overseas Deals |
Nasdaq IPO; cloud provider |
Yuanfudao G-round financing |
2020 |
USD1 billion |
Overseas Deals |
Financing; internet |
Aihuishou acquires JD Paipai |
2019 |
USD500 million |
Deals in China |
Acquisition; circular economy |
Douyu’s Nasdaq IPO |
2019 |
USD775 million |
Overseas Deals |
US listing; internet |
GIC acquires JD logistics warehouses |
2019 |
RMB10.9 billion |
Deals in China |
Acquisition |
IDreamSky Technology’s HK listing |
2019 |
HKD838 million |
Overseas Deals |
Hong Kong IPO; internet |
Tencent Music’s US listing |
2019 |
USD1.1 billion |
Overseas Deals |
US listing; entertainment industry |
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 |
Meituan Dianping’s Hong Kong IPO |
2018 |
USD4.2 billion |
Overseas Deals |
Hong Kong IPO; E-commerce |
NIO’s NYSE IPO |
2018 |
USD1 billion |
Overseas Deals |
US IPO; Electric vehicles |
Aurora Mobile’s Nasdaq IPO |
2018 |
USD77 million |
Overseas Deals |
US listing; data technology |
China Literature’s Hong Kong IPO |
2018 |
HKD8.3 billion |
Overseas Deals |
Hong Kong listing; eBooks |
China Unicom's mixed-ownership reform |
2017 |
N/A |
Deals in China |
SOE reform; Telecom |
JD Finance's new round financing |
2017 |
N/A |
Deals in China |
Private equity; TMT |
Maoyan Media and Weiying Technology strategic partnership transactions |
2017 |
RMB13.6 billion |
Deals in China |
M&A; Internet |
ZhongAn's Hong Kong IPO |
2017 |
USD1.525 billion |
Overseas Deals |
Overseas listing; Insurance; Fintech |
Alibaba invests in Ucar |
2016 |
RMB2.8 billion |
Deals in China |
Private equity; TMT |
Didi Chuxing M@A with Uber China |
2016 |
USD35 billion |
Deals in China |
M&A in China; TMT |
JD.com and Walmart form partnership |
2016 |
USD1.5 billion |
Deals in China |
E-commerce |
Didi Dache’s merger with Kuaidi Dache |
2015 |
USD6 billion |
Deals in China |
M&A |
GSK’s three-part transaction with Novartis |
2015 |
USD21.25 billion |
Antitrust |
Antitrust |
Tencent and JD.com’s investment in Bitauto Holdings |
2015 |
USD1.55 billion |
Debt capital marke |
Debt capital marke |
Baidu's notes offering on NASDAQ |
2014 |
USD1 billion |
Debt capital market |
Debt capital market |
JD.com’s partnership with Tencent |
2014 |
USD3-4 billion |
Deals in China |
M&A |
TutorGroup’s subscription of Series B preferred equity |
2014 |
USD80 million |
Private equity & venture capital |
Private equity & venture capital |
Baidu’s acquisition of 91 Wireless |
2013 |
USD1.9 billion |
Deals in China |
M&A |
Baidu’s notes offerings |
2013 |
USD2.5 billion |
Debt capital market |
Debt capital market |
ICBC and ABC Leasing’s joint lease of Boeing aircraft |
2013 |
USD 50 million |
Banking & Finance |
Banking & Finance |
Nord Anglia Education offers senior secured notes |
2012 |
USD325 million |
Deals in China |
Capital market;equity |
China Auto Rental receives investment from Warburg Pincus |
2012 |
USD200 million |
Private placement |
Private placement |
Take-private of Funtalk |
2011 |
USD428 million |
Take private |
Take private |
Morgan Stanley PIPE investment in China XD Plastics and Yongye |
2011 |
USD150 million |
Private Equity & Venture Capital |
Private Equity & Venture Capital |
Bain buys China Fire & Security |
2011 |
USD265 million |
Private Equity & Venture Capital |
Private Equity & Venture Capital |