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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say