Tencent and equities investor Hillhouse Capital Management are set to form a joint investment venture, according to Chinese media reports.
China-based internet company Tencent is set to form a joint venture with equities investment firm Hillhouse Capital Management, China Money Network reported on Saturday citing local media reports.
The division of equity in the fund will be set 60-40, though it is currently unclear as to which investor will be providing the greater amount of money or how much will be committed.
Qiu Guolu, previously the investment director of fund manager China Southern Fund Management, will serve as chairman for…
