TCL Corp Commits $229M To Hubei Industry M&A Fund

chongqingChinese electronics company TCL Corporation plans to commit RMB1.5 billion (US$229 million) to an industry M&A fund with two state-backed entities to seek opportunities in TMT, Industrial 4.0 and Internet+ sectors, according to a disclosure filing (in Chinese). The Hubei Province Yangtze Hezhi Industry Investment Fund L.P. seeks to raise RMB3 billion (US$458 million) in […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network