Hillhouse Capital and VMG Partners announced a strategic partnership to invest together in innovative consumer brands with differentiated offerings looking to expand their global reach. The two companies have allocated up to $100 million toward investments in high-potential brands in the sector.
Food
Meituan Raises $4B in Hong Kong IPO
In one of the biggest IPOs of the year, Meituan, China’s largest online services e-commerce platform, listed in Hong Kong on September 20, 2018, raising more than $4 billion.