Yale-backed Hillhouse Capital Management and investment holding company Tencent are partnering up.
China-based Tencent, the fourth largest internet company in the world, and Yale University-backed Hillhouse Capital Management are set to form a joint venture.
The fund’s equity will be split 60 to 40. It has not been disclosed yet which party will get which share, or how much money the two partners will provide. Qiu Guolu, who previously served as investment director of fund manager China Southern Fund Management, is to be chairman for the fund. Zhang Lei, founder of Hillhouse,…
