New Carzone News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, and an associated special purpose vehicle (SPV) into Buhuo Venture USD Fund I, the firm announced i...

China's 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 Information Technology Holding Ltd., or Tuhu, and it’s got some notable backers in Goldman Sachs Group ...