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Hong Kong-based private equity firm PAG has invested $200 million in US-headquartered pharmaceutical company RK Pharma, reported AVCJ.

Beijing-based VC Buhuo Ventures raises first USD fund via yuan-to-dollar restructuring Source: Eric Prouzet/Unsplash. May 4, 2021 Beijing-based investment firm Buhuo Ventures has completed a yuan-to-dollar fund restructuring to raise its maiden US dollar venture capital (VC) fund at over $100 million. As part of the process to create the US dollar fund, Buhuo transferred partial stakes in four assets from its initial yuan fund Buhuo Ventures RMB Fund I, a 500-million-yuan, 2017-vintage vehicle,...

Chinas Messy Car Repair Market Gets a Goldman-Backed Makeover Bloomberg 2/4/2021 Bloomberg News (Bloomberg) -- Car repair can be challenging in China, rife with the potential for disputes over the quality of service and parts and dominated by mom-and-pop stores. But the auto after-market industry is changing as vehicles age and owners become more exacting, creating a giant opportunity for companies trying to raise the bar using technology. One of those is Shanghai Lantu Inform...