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Search resuls for: "Primavera Capital Group"


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CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.
Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, , Biden, Dexter Roberts, Roberts, , ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore
The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said. Springdale, Arkansas-based Tyson Foods and Goldman Sachs declined to comment. Calls to Tyson Foods' China headquarters in Shanghai went unanswered. In the food industry, U.S. agricultural giant Cargill struck a deal in May to sell its China poultry business to private equity firm DCP Capital for an undisclosed price.
Persons: Arnd, Goldman Sachs, Tyson, Cargill, Hope Liuhe, Kane Wu, Abigail Summerville, Roxanne Liu, Tom Polansek, Jamie Freed Organizations: Tyson Foods, REUTERS, HONG KONG, Goldman, Capital, Reckitt, Primavera Capital Group, Industrial, Thomson Locations: Davos, Switzerland, HONG, China, Springdale , Arkansas, Shanghai, Russia, Ukraine, Mongolia, Nantong, Xiaogan, Hong Kong, New York, Beijing, Chicago
Princeton Review and Tutor.com were purchased by China-based private-equity firm Primavera Capital. Photo: Joe Raedle/Getty ImagesPrinceton Review and Tutor.com say a Chinese private-equity firm has received regulatory approval to buy the test-prep company and online tutoring platform, more than 15 months after the acquisition closed. Primavera Capital Group, based in Hong Kong, quietly purchased the well-known brands from Korean education company ST Unitas in January 2022, at a time of increased scrutiny of Chinese investment in the U.S.
Princeton Review and Tutor.com were purchased by China-based private-equity firm Primavera Capital. Photo: Joe Raedle/Getty ImagesPrinceton Review and Tutor.com say a Chinese private-equity firm has received regulatory approval to buy the test-prep company and online tutoring platform, more than 15 months after the acquisition closed. Primavera Capital Group, based in Hong Kong, quietly purchased the well-known brands from Korean education company ST Unitas in January 2022, at a time of increased scrutiny of Chinese investment in the U.S.
A view of the Love, Bonito flagship store at ION Ochard shopping mall, Singapore October 19, 2022. The Chinese private equity firm led a $50 million funding round in Lovebonito Holdings in October 2021. Among the other investors are Singapore-based Openspace Ventures, Japanese comparison-shopping site Kakaku.com (2371.T), Shanghai-headquartered venture capital firm Ondine Capital and Japanese fashion chain store Adastria (2685.T). Song, 33, said Lovebonito Holdings' plans for an IPO were "definitely in the mid-term horizon", but she declined to give specifics. This week, Lovebonito Holdings announced the acquisition of butter., a women-led activewear brand, and a small investment in Moom Health, a Singapore healthcare startup.
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