China’s Deal Factory Eyes U.S.

This article is part of a series about the new cross-border investors wielding influence in Silicon Valley and China.

JD Capital, the Chinese equivalent of Blackstone, is looking for acquisitions in the U.S. in what will be a big test for one of China’s most unusual private equity behemoths.

The firm is little known internationally but within China is famous for its benchmark-beating profits and its aggressive fundraising tactics that have drawn the attention of Chinese regulators. Now, Wang Qingfeng, head of research and strategy at JD Capital, told The Information in an interview, the firm plans to raise a new fund to look for acquisition targets that could fit with Chinese companies in which it has invested. The amount of the fund isn’t determined but it will be at least $200 million.

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“We believe the companies we invested would benefit from mergers and acquisitions. Through the consolidation, these local companies could build better brandings, acquire more advanced technology and improve the operational efficiency,” said Mr. Wang.

Kevin Benjamin and Arthur P. Johnson commented on this article.
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