Fidelity Investments said on Tuesday it will offer investments in bitcoin through its 401(k) accounts beginning later this year, marking the first such move by a major retirement-plan provider. Fidelity, which is the biggest U.S. retirement plan provider, works with more than 20,000 companies. The investment giant said that MicroStrategy, the analytics software firm that has invested ...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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