May 09, 2024 01:41 PM

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China Sovereign Wealth Fund Targets Japan’s Lesser-Known Brands

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CIC’s Japanese acquisitions are mainly of small and midsize unlisted companies that could increase their value by doing business in China.

CIC’s Japanese acquisitions are mainly of small and midsize unlisted companies that could increase their value by doing business in China.

(Nikkei Asia) — State-run China Investment Corp. is setting its sights on undervalued small and midsize Japanese businesses with the potential to blossom in China’s massive market.

The $1.24 trillion sovereign wealth fund’s portfolio includes Factory Japan Group Co. Ltd., which runs Japanese body therapy salons. The company touts its quality, requiring around 100 hours of training for staff.

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