China late-stage tech: Chasing unicorns
Capital is flooding into China-based internet companies, with PE firms, family offices, hedge funds and strategic players all-too-willing to support large, late-stage rounds. Not everyone will emerge a winner
The worst case scenario for investors in Dianping, a Chinese entertainment listings and group-buying platform, is Tencent Holdings buying the business. Already a significant shareholder, Tencent is understood...
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