Neuberger Berman has established an onshore investment management business in China that is expected to enable the firm to distribute private fund products to local clients.
The wholly foreign-owned enterprise (WFOE) through which Neuberger will run this operation still needs to complete its registration with the Asset Management Association of China (AMAC). However, the firm...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.