Inside a Hong Kong luxury resort that's gone wrong — and today offers potential home buyers rare bargains in a city known for sky-high property prices bloomberg.com/news/features/… via Bloomberg

Bloomberg exclusive: Unilever is seeking to reduce its exposure to China through the sale of its majority stake in a water purification business. It is considering the sale of Qinyuan Group as global companies reassess their exposure to China. bloomberg.com/news/articles/…

Today in Bloomberg Deals: M&A is in the foothills of recovery, Alibaba calls off Cainiao’s IPO and Adam Neumann bids to buy back WeWork Michelle F. Davis Manuel Baigorri trib.al/a0CjvFW

UBS is in talks to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, sources say bloomberg.com/news/articles/… via Bloomberg Markets #Switzerland

Chabaidao, a Chinese middle-priced bubble tea company is raising more than $330 million, biggest IPO in Hong Kong since November. At least half a dozen Chinese freshly-made tea brands are queuing for IPO under intensifying price-cut game bloomberg.com/news/articles/… via Businessweek

NEW: UK investment bank Peel Hunt is cutting some roles across its workforce as the drought in IPOs enters its third year bloomberg.com/news/articles/… via Bloomberg Markets Edits by Jenny Surane

CVC Capital Partners and its investors raised €2 billion in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution bloomberg.com/news/articles/… via Bloomberg Markets Swetha

Another Anglo American story w/ Dinesh Nair Swetha

Our latest: Activist fund Elliott is said to have built a stake worth “several tens of billions of yen” in Sumitomo Corp., one of Warren Buffett’s favorite Japanese trading houses. bloomberg.com/news/articles/… via Bloomberg

The billionaire Peugeot family is under unprecedented shareholder pressure over the performance of its listed investment vehicle bloomberg.com/news/articles/… via Bloomberg Markets Djuloz Tara Patel Michael Msika

Ares is exploring a combination with real estate investment firm GLP Capital Partners’ operations outside of China, a deal that could add $66 billion in AUM. Scoop w/ Manuel Baigorri, Dinesh Nair, Jan-Henrik Foerster et al. ⬇️ $ARES bloomberg.com/news/articles/…

NEW: In the July issue of Bloomberg Businessweek, Bernard Arnault, one of the wealthiest people alive, explains how he built LVMH into the largest luxury conglomerate in the world. (thread: 1/4) bloomberg.com/features/2024-…

Things are heating up in converts (arb): US convertible bonds could hit “full throttle” in the second half and reach $94 billion for the year— a level the market has not seen since the depths of Covid era, according to Barclays strategists. bloomberg.com/news/articles/… via Bloomberg Markets

JUST IN: HSBC is revamping parts of its investment bank in a move that will make it look more like rivals such as Citigroup bloomberg.com/news/articles/… with Harry Wilson Manuel Baigorri

PDD founder Colin Huang is now China's richest person -- the first time in 3 years that a tech mogul takes the place. Read our profile story marking the occasion: bloomberg.com/news/articles/… w/ Venus FENG Diana Li

Top female bankers in Malaysia reveal their path to the C-suite bloomberg.com/news/articles/… via @bbgequality Bloomberg Deals

Europe's biggest buyout and the big brawl that followed. Aaron Kirchfeld Pamela Barbaglia Ania Nussbaum Dinesh Nair Swetha bloomberg.com/news/articles/… via Bloomberg

The crisis puts both the toxicity of Spanish politics and its fragile system of decentralized power in the spotlight and exposes the consequences of the dysfunction at the heart of government. Muy buena explicación de mis compañeros Rodrigo Orihuela Clara Hernanz Lizarraga bloomberg.com/news/articles/…

Deals for Singapore's highly exclusive mansions are on the rise, but the country's uber-rich are increasingly seeking to keep their multimillion-dollar purchases hush hush 👇🏼bloomberg.com/news/articles/… via Dexter Low

bloomberg.com/news/articles/… A consortium led by Blackstone Inc. has emerged as the preferred bidder for a minority stake in Haldiram Snacks Pvt. which could value India's biggest snacks maker at about $8 billion ✍️Baiju Kalesh, P. R. Sanjai, Manuel Baigorri