The publicly-listed fast food retailer has committed almost $80m to a consumer and retail-focused fund that will be managed by Tiantu Capital.
China-based fast food chain Zhou Heiya International has formed a RMB3bn ($475m) retail-focused investment fund in partnership with venture capital firm Tiantu Capital.
The fund, tentatively named Shenzhen Tiantu Xingnan Innovative Consumption Industry M&A Investment Partnership, was disclosed through a Hong Kong Stock Exchange filing on Monday and will target investments in the “consumption upgrade” and new retail space.
The filing revealed that the partners have supplied the first RMB1bn for the fund. Chusi Fangda, a limited liability vehicle established…
