Hillhouse to help SaaS player Magento with Asia expansion
China-based Hillhouse Capital will invest $250 million in Magento Commerce, which provides transaction-processing software to e-commerce players, and help the company expand in Asia.
Permira remains the majority shareholder, having supported Magento's spin-out from eBay in 2015. The US-based company was founded in 2008 as an open source e-commerce platform intended to help companies...
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