The Carlyle Group has appointed former Kingsoft CEO Hongjiang Zhang as a senior advisor to its Asian private equity business. The move is intended to deepen the firm’s coverage of the internet and technology space.
Zhang retired from Kingsoft in December 2016, having spent five years with the software and internet services company. Before that, he was chief technology officer of Microsoft’s Asia Pacific research...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.
China Everbright has completed the first close of RMB800 million ($115.4 million) on its third healthcare fund. The overall target for the vehicle is around RMB1.5 billion.