Hong Kong Chief Executive Carrie Lam has reaffirmed the territory’s commitment to providing certainty on the tax treatment of carried interest as part of efforts to consolidate its position as a private equity hub.
Lam said in her annual policy address that tax concessions would be available to private equity funds operating in Hong Kong “subject to the fulfillment of certain conditions.” She added: “[We] are...
China’s MSA Capital has joined a $30.5 million round for Saudi Arabian B2B services marketplace Sary as part of a deepening Asia-Middle East agenda.
Huoban.com, a Chinese zero-code application building platform has raised $17 million in Series B funding led by 5Y Capital and Sequoia Capital China. Challenjers Capital also took part in the round.
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
David Swensen, head of the Yale University endowment who pioneered a new approach to institutional investment management, has died aged 67 following a long battle with cancer.