News Snapshot:
(Bloomberg) -- Chinese convenience store chain startup Bianlifeng has filed confidentially for a U.S. initial public offering that could raise about $500 million, according to people familiar with the matter. The Beijing-based company is working with advisers on the share sale, which could take place as soon as this year, said the people, who asked not to be identified as the information is private. Bianlifeng has named former Goldman Sachs Group Inc. investment banker Deborah Wei as its chief financial officer, said one of the people. Wei left the bank earlier this year where she focused on China’s natural resources...
