Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Tencent was allocated 1.91 million shares at INR13,521 apiece. This equates to a 9.75% stake in Ola, local media reported, citing filings with the Registrar of Companies. The company raised INR6.7 billion...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.