As Asian economic development becomes increasingly interlocked, regionally and globally, contractual arrangements are getting more complex. This is pointedly clear when problems, such as non-payment of large sums owed, occur. One prominent Asian distress player, who asked to remain unnamed, tells AVCJ: “It’s common knowledge that trying to enforce creditor rights is very difficult. That’s why deals get cut.”
Where it is too late to reach a compromise and the asset plunges into bankruptcy, private equity firms may turn to recovery specialists. These players tend to pursue one of three avenues: purchase the...
Zhuanzhuan, a used goods trading platform and subsidiary of 58.com, China’s largest online classifieds marketplace, has raised a $100 million round led by electronics giant Xiaomi.
KPCB growth-stage spinout Bond has led a $200 million Series B round for BrowserStack, a software testing platform established by two Indian entrepreneurs.
Chinese healthcare big data company LinkDoc Technology, which counts New Enterprise Associates (NEA), China Broadband Capital, and Temasek Holdings among its investors, has filed for an IPO in the US.
Yonghe Medical Group, a Chinese hair healthcare specialist best known for hair transplants, is targeting a Hong Kong IPO. Its largest external shareholder is CPE, formerly CITIC Private Equity.