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GPs challenged by Luckin fallout, US-China tensions

Jaycee Man
Some private equity firms could struggle to get money for China-focused funds amid rising Sino-US tensions and after a private equity-backed mainland company admitted to fraud.
GPs challenged by Luckin fallout, US-China tensions

Already hit hard by Covid-19, China-focused private equity strategies are facing rapidly worsening conditions to raise funds as Sino-US tensions ratchet up to new levels and a case of fraud at private equity-backed Chinese company Luckin Coffee undermines investor confidence.

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