Cathy Chan

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.

Bank of America Corp. appointed Dominic Tan as head of Southeast Asia investment banking to replace Antonio Puno who is relocating to London, according to an internal memo.

UBS Group AG made two senior investment banking appointments in Asia, filling vacancies left after recent departures, according internal memos seen by Bloomberg.

It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues.

Mirae Asset Securities Co. said it carried out all its work related to SpaceX’s initial public offering in coordination with the lead underwriters on the deal, disputing a Bloomberg News report published June 30.

The private equity boss pleaded guilty this week to two charges involving drink-driving relating to an incident in Sydney in early June, when he crashed his BMW into five cars and then twice refused to take an alcohol breath test.

July 3, 2026 — 7:47am TPG Capital decided to retain Joel Thickins as partner and co-head of Asia following his guilty plea stemming from an

KKR & Co. Managing Director Bing Gu, who headed the Greater China credit business, has left the firm, the latest in a string of personnel changes across Asia’s credit investment industry.

PAG is seeking as much as $5 billion for a new fund after diversifying its investments outside of China and accelerating cash returns to investors, people familiar with the matter said.

Fidelity International plans to pull out of its wholly owned China fund unit three years after its launch, as fierce local competition and difficulty gaining scale weigh on the business, Reuters reported, citing people familiar with the matter.