Three of the senior management team at SMC Capital China - a GP launched by Hong Kong-based Simon Murray & Company (SMC) - have left to join CDIB Capital, the PE arm of Taiwan’s China Development Financial.
Hamilton Tang (pictured), who had been with SMC for more than 17 years, latterly as CEO and managing partner of SMC Capital, will work out of CDIB's Hong Kong office. Yinghai Xie and Sandy Ng, formerly...
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.