Mekong Capital has invested in Nhat Tin Investment Trading Development, a Vietnam-based express delivery company founded by a team that previously exited a similar business to Kerry Logistics.
The deal size was not disclosed, but Mekong typically commits $6-15 million per transaction. It is the fifth disclosed investment out of the firm’s fourth fund – which closed last May at $112 million...
Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zhongheng.
Rahul Chandra, co-founder and managing director at India-based Helion Venture Partners, is looking to raise $100 million for an early-stage fund. He will retain his existing portfolio management responsibilities at Helion.
The disruption caused by technology in China's consumer and business services sectors - and the change this brings to traditional business models - is generating increased deal flow for private equity and venture capital investors.
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.