GPs warn of 'China risk' in cross-border deals - AVCJ Forum
China cross-border deals are increasingly attractive to private equity investors but the risks involved, particularly given many domestic companies don't fully grasp international business culture, are considerable.
"Chinese strategic players generally lack international experience, and the cultural gap is so big," said Yichen Zhang, chairman and CEO of CITIC Capital, at the AVCJ Forum in Hong Kong. "You could probably...
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