Dong Cao

Asian private equity firm Trustar Capital is nearing a deal to acquire Alibaba Group Holding Ltd.’s video game business, according to people with knowledge of the matter.

Asian private equity firm Boyu Capital and an asset management arm of UBS Group AG are among firms in talks to become cornerstone investors in Shein Global Holdings Ltd.’s Hong Kong initial public offering, people familiar with the matter said.

One of China’s largest privately held conglomerates is considering selling its Hexie Health Insurance Co. division, according to people familiar with the matter.

Yinson Holdings Bhd.’s founding Lim family, Malaysia’s Employees Provident Fund and MISC Bhd. are teaming up for a potential $1.7 billion buyout of the company, according to people familiar with the matter.

PTT Pcl is considering options for Taiwan-listed Lotus Pharmaceutical Co., including bringing in partners to grow its business in the Asia Pacific, according to people familiar with the situation.

Moonshot AI is considering raising up to $5 billion in its planned Hong Kong initial public offering as soon as this year, people familiar with the matter said, as the Chinese artificial intelligence champion taps into strong investor demand.

Private equity firm L Catterton is close to buying a controlling stake in Hyrox in a deal that may value the fitness competition brand at about €600 million ($697 million), according to people familiar with the situation.

A group led by investment firm L Catterton has acquired a majority stake in fitness competition brand Hyrox from Infront Sports & Media AG.

Asia-focused investment firm Boyu Capital has agreed to acquire Xiamen Aircraft Leasing Co., people familiar with the situation said.

Abu Dhabi wealth fund Mubadala Investment Co. has become a backer of Luckin Coffee Inc., China’s biggest coffee chain.