Yvette Choo
The country's latest tax exemption for foreign investors applies to private equity profits, formerly taxed at rates of either 15% or 25%.
Touchmedia will use the RMB100m Series C funding to boost its existing operations as well as to expand across China. Qiming Venture, Mustang Ventures and TLC Capital were among the returning investors.
Suzhou's latest fund will invest at least half its capital in the Chinese city of Suzhou and will target pre-IPO technology companies.
The global buyout firm’s partnership with the Korean Development Bank comes on the heels of KKR’s $1.8bn acquisition of South Korean brewery Oriental Brewery.
The mega-buyout firm is poised to take a 14.5% stake in Daphne. The Hong Kong-listed business operates more 3,000 retail outlets selling its own-brand ladies footwear and major brands such as Nike and Adidas.
Several private equity firms are reportedly looking to take a minority stake in the Warburg Pincus-backed Chinese beverage company, which recently had a buyout by Coca-Cola scuppered by anti-monopoly issues.
The Southeast Asian nation’s poor infrastructure is also a factor affecting the country’s property market.
The India-focused private equity firm held an approximate 17.5 percent stake in Shriram Transport Finance Company before it sold a less than 5 percent stake this week.
New Silk Route has invested INR1.35bn in K S Oils, while existing investors Citigroup Venture Capital International and Baring Private Equity Asia will each invest INR490m.
The Seoul-based private equity and secondaries fund manager netted a 6.3x cash return from its investment in touch sensor company Melfas.