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Yao Capital seeks US$250m for first US dollar fund

Tue, May 30, 2017 - 5:50 AM

Hong Kong

YAO Capital, the Chinese private equity firm co-founded by former NBA superstar Yao Ming, said it aims to raise US$250 million for its first US dollar fund that will invest in overseas sports assets with relevance to the Chinese market.

The firm is in talks with...

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