South Korean Asset Manager Reportedly to Invest in Didi
A South Korean asset management company is reportedly planning to inject $263 million into China’s ride-sharing leader Didi Chuxing, a deal which could mark the first major investment by a South Korean capital fund into a Chinese startup.
The investment by the Mirae Asset Financial Group, South Korea’s largest fixed income fund manager, will be handled by its two subsidiaries, Mirae Asset Capital Co. and Mirae Asset Daewoo Co., South Korean news portal Naver reported on Wednesday.
- 1Exclusive: Fallen Chief of Bad-Asset Manager Had Tons of Cash — Literally
- 2Update: China’s Economic Growth Hasn’t Been This Slow Since Financial Crisis
- 3Update: Stocks Surge After Xi’s Top Economic Adviser Calms Investors
- 4In Depth: China’s New Household-Debt Fears
- 5Real Estate Market Braces for Winter
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas