Hopu founder backs China healthcare-focused SPAC
Fenglei Fang, founder and chairman of Chinese private equity firm Hopu Investments, is looking to raise $300 million for a special purpose acquisition company (SPAC) that will target healthcare companies with a China focus or expansion prospects in the country.
Fang is one of three owners of the sponsoring entity of HH&L Acquisition, alongside Kenneth Hitchner and Richard Li. Hitchner is a Goldman Sachs veteran who helped establish the firm’s healthcare banking...
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