SBI teams up with China’s Yidian to launch PE Fund
SBI Holdings has partnered with China’s Yidian Holdings to launch a private equity fund that will invest in the technology, media and telecom (TMT) sector. The initial fundraising target is RMB400 million ($62.9 million).
Each party has committed RMB100 million to the Yidian-SBI Information Industry Fund, China Daily reported, adding that SBI would participate through the Qualified Foreign Limited Partnerships (QFLP) program....
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