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FountainVest Partners
FountainVest Partners (FountainVest; ) is an Asian investment firm based in Hong Kong that invests in the private markets. The firm focuses on China's media and entertainment, sports and consumer-related sectors although it has expanded into other areas in recent years. Headquartered in Hong Kong, the firm has additional offices in Beijing, Frankfurt, Shanghai and Singapore. Background In December 2007, Frank Tang and several other senior executives at Temasek Holdings founded FountainVest. Major investors of the firm at the time were Temasek Holdings, the CPP Investment Board and Ontario Teachers’ Pension Plan. The firm raised almost $1 billion for its first China-focused private equity fund despite the 2008 financial crisis. For many investors, FountainVest was the first China private equity fund they committed money to. By 2022, the company closed its fourth fund, that one being of $2.9 Billion. Investment strategy FountainVest's investment strategy is based aroun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shengqu Games
Shengqu Games is a publisher and operator of online games based in Shanghai, China. Founded in 1999 as Shanda Interactive Entertainment Limited, it spun off from Shanda Interactive in 2009 and is currently owned by Zhejiang Century Huatong. Shanda's published and operated games include '' AION'', ''MapleStory'', '' The World of Legend'', ''The Age'', '' Magical Land'', ''Ragnarok Online'', '' Dungeons & Dragons Online'', '' Crazy Arcade'', ''GetAmped and Final Fantasy XIV'' (in mainland China) among others. History Shanda Interactive Entertainment Limited was founded in December 1999 by Chen Tianqiao, Chrissy Luo, and Chen Danian. In September 2001, Shanda published its first game, '' The Legend of Mir 2'' (), which was licensed from a Korean company, WeMade Soft. In 2003, a dispute over profit sharing caused the relationship to fracture between Shanda and WeMade. No longer able to operate ''The Legend of Mir 2'', Shanda developed the game '' The World of Legend'' (), which b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasdaq
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc. (which the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alibaba Group
Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's American initial public offering (IPO) on the New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the Forbes Global 2000, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Merger
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of a private company purchase control of a public shell company/ SPAC, and then merge it with the private company. The publicly traded corporation is called a "shell," since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen. The SZSE is the List of stock exchanges, world's 6th largest stock exchange with a market capitalization exceeding US$4.4 trillion in July 2024. History On 1 December 1990, Shenzhen Stock Exchange was founded. As an idea adapted from the capitalist countries, it was politically controversial in China. In support of the stock exchange, Deng Xiaoping rhetorically asked, "Are securities and the stock markets good or bad? Do they entail dangers? Are they peculiar to capitalism? Can socialism make use of them?" Deng contended that China must try them out and reserve judgment, because if securities and the stock market went well, they could be expanded, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Focus Media
Focus Media Information Technology, formerly Focus Media Holding, is a Chinese company which operates out-of-home advertising in China which consist predominantly of digital signage screens and claims to own the country's largest Internet advertising agency. Relisting In November 2011, Muddy Waters Research reported massive fraud and corruption within the company. Focus denied the allegations. Until 2020, Muddy Waters had shorted 18 Chinese companies, including New Oriental(EDU), Anta Sports(02020.hk), Luckin Coffee(LK), and so on, most of which have been developing well. In May 2013, Focus Media was subsequently taken private and delisted from the Nasdaq by a private equity consortium that included FountainVest Partners, The Carlyle Group, China Everbright and CITIC Capital. In June 2015, Focus Media reached a $7.4 Billion deal to list on Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Carlyle Group
The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in private equity, real assets, and private credit. One of the world's largest investment firms, it ranked first among private equity firms by capital raised from 2010-2015, according to the PEI 300 index. In June 2024, it ranked sixth in Private Equity International's PEI 300 ranking among the world's largest private equity firms. Founded in 1987 in Washington, D.C., the company has nearly 2,200 employees in 28 offices on four continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as a boutique investment bank by five partners with backgrounds in finance and government: William E. Conway Jr., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sina Weibo
Weibo (), or Sina Weibo (), is a Chinese microblogging ( weibo) website. Launched by Sina Corporation on 14 August 2009, it is one of the biggest social media platforms in China, with over 582 million monthly active users (252 million daily active users) as of Q1 2022. The platform has been highly successful but has faced criticism for heavy censorship. Sina had gone public on the Nasdaq in 2000. In March 2014, Sina announced a spinoff of Weibo and filed an IPO under the symbol WB. Sina carved out 11% of Weibo in the IPO, with Alibaba owning 32% post-IPO. The company began trading publicly on 17 April 2014. In March 2017, Sina launched Sina Weibo International Version. In November 2018, Sina Weibo suspended its registration function for minors under the age of 14. In July 2019, Sina Weibo announced that it would launch a two-month campaign to clean up pornographic and vulgar information, named "Project Deep Blue" (蔚蓝计划). On 29 September 2020, the company announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sina Corporation
Sina Corporation () is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by ''Southern Weekend'' as the "China's Media of the Year" in 2003. Sina owns Sina Weibo, a Twitter-like microblog social network, which has 56.5 percent of the Chinese microblogging market based on active users and 86.6 percent based on browsing time over Chinese competitors such as Tencent and Baidu. The social networking service has more than 500 million users and millions of posts per day, making it the largest Chinese-language mobile portal. The company was founded in Beijing in 1998, and its global financial headquarters have been based in Shanghai since October 1, 2001. Sina App Engine (SAE) is the earliest and largest PaaS platform for cloud computing in China. It is run by SAE Department, which was founded in 2009. SAE is dedicated in providing stable, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
