China-focused private equity firms Hony Capital and Poly Capital have partnered with Digital Domain Holdings, a Hong Kong-listed digital visual effects and virtual reality (VR) technology developer, to establish a joint venture that will open VR theaters in mainland China.
Financial terms were not disclosed. The JV, Digital Domain Space, will focus on VR technology R&D, content creation, and distribution, with a view to offering VR experiences to consumers under a new business...
China Renaissance Group has appointed Ke Wei, formerly a managing director at General Atlantic (GA), as a partner in its private equity investment platform, known as the New Economy Fund.
Bain Capital Private Equity and Goldman Sachs have agreed to sell their majority stake in Carver Korea, a specialist cosmetics supplier, to Unilever in a deal worth EUR2.27 billion ($2.7 billion).
Chinese ride-hailing app operator Didi Chuxing has invested $200 million in Renrenche, a local consumer-to-consumer used-car trading platform, which is backed by several VC investors.
Sea, the Singapore-headquartered mobile internet and gaming platform formerly known as Garena, has filed to list on the New York Stock Exchange.