Latest Magsun Capital News
Mar 6, 2017
Posted by Earl Rizvi from scmp.com ·7h Hong Kong-listed Oriental Patron Financial Group has teamed up with mainland China’s private equity group Magsun Capital to launch a 3 billion yuan (US$435 million) fund with ambitions to create internet-based corporate behemoths in the Chinese market. The fund is aiming to invest in industries such as nursing services for the ageing population, home improvements, education, medical services, e-commerce and finance. “Some traditional industries might not be viewed as lucrative businesses, but they can be a gold mine in the eyes of internet experts,” said Oriental Patron’s chief executive Gary Zhang Gaobo told the South China Morning Post in an interview . “Excellent companies in the traditional industries can fly high after they are equipped with two wings – finance and internet technologies.” The fund’s launch bucked the trend of the dismal declines that have beset China’s private equity and venture capitalists last year, when fundraising and investments plunged from a 2015 record. Concerns about the bursting of the Internet bubble in China have been mounting since last year as a rising number of startups either went bust or faced liquidations owing to unsuccessful operations. The text above is a summary, you can read full article here . 2
Magsun Capital Team
3 Team Members
Magsun Capital has 3 team members, including current President, Yi Liu.