China Everbright, IDG launch $3b M&A fund
China Everbright (CEL) and IDG Capital Partners have launched a joint M&A investment fund of at least RMB20 billion ($3 billion) in size that will support the growth of companies in China and overseas.
The IDG-Everbright M&A Fund has already completed its first round of fundraising, receiving RMB2 billion from a wholly-owned subsidiary of Hong Kong-listed CEL and RMB8 billion from other institutional...
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