Chinese private equity firms that count government-related entities among their shareholders face uncertainty over their financial obligations to the state
To most investors, the prospect of handing the government shares in a portfolio company for free as it prepares to go public and realize a cash windfall is inconceivable, let alone unappetizing. But this...
Meituan-Dianping, the China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has agreed to acquire Qiandaibao, a VC-backed point-of-sales (POS) mobile payment start-up.
Tokyo-listed kimono retailer Sagami, which is already subject to a tender offer launched by Aspirant Group, has received a competing bid from New Horizon Capital.
China has launched a RMB350 billion ($52.5 billion) private equity fund to restructure state-owned enterprises (SOEs) as part of efforts to improve operational efficiency and encourage industry consolidation.