KKR & Co. is emerging as the global private-equity winner in Asia, beating rivals Carlyle Group LP and TPG Capital in the performance of funds started since 2006 and their latest money-raising efforts.
Li Ning Co., the largest China- based sportswear company by revenue, posted its first annual deficit since listing in 2004, as slowing economic growth caused sales to fall a second year. The shares fell.
Wu Liangui left Shanghai’s Xiao Shaoxing restaurant with a delicacy his daughter wants him to avoid. Inside a plastic box were slices of white-cut chicken, traditionally served rare so that blood seeps from the bones.
Li Ning Co. fell the most in 18 months after the Chinese sportswear company said it plans to raise as much as HK$1.87 billion ($241 million) offering convertible securities to fund efforts to revive its brand.
Li Ning Co. dropped the most in almost two months in Hong Kong trading after its founder sold a 25 percent direct stake in the sportswear retailer to Viva China Holdings Ltd., a company he partially controls.