Eric Xin, a managing director with CITIC Capital, discusses the causes of China’s recent economic woes, the potential for services sector reform, and why corporate carve-outs are still flavor of the month
Q: What has led to the weakening of China’s economy? A: Several factors have come together at the same time – it is almost like the perfect storm for China. Three years ago, it was all about deleveraging...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.