Private equity investors continue to look overseas for control deals that have a China angle, but they expect to see greater domestic activity too as multinationals divest China operations in the face of a challenging operating environment.
While public-to-private transactions attract the most attention due to their size, the frequency of these deals has abated since the flurry of activity around US-listed Chinese companies in 2015. The...
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.