China's Primavera Capital looks closer to home for investment opportunities

Beijing

PRIMAVERA Capital Group, one of China's largest private equity firms, is paying closer attention to domestic opportunities in sectors such as health and technology in the face of stricter capital controls at home and rising protectionism overseas.

This year alone, Primavera joined a US$1.1 billion fundraising round for Koubei, the Alibaba Group Holding Ltd online-to-offline commercial services platform. It has also taken a stake in Zhejiang Dasouche Finance Leasing Company, the largest service provider for second-hand car merchants in China.