25.08.2010 - Temasek Holdings to milk Chinese spending power
From Zdnetasia.com: State-owned investment company, Temasek Holdings, opened its purse strings to fund Chinese online video company, Tudou, because it wanted to capitalize on China's consumer market and its rising spending power, according to an industry analyst. Jessica Lo, managing director and head of private equity and mergers and acquisitions practices at China Market Research Group (CMR), told ZDNet Asia that the 2010 investment sweetspot is the Chinese consumer. This explains why billion-dollar private equity funds such as Fountainvest Partners and Temasek are focusing on this demographic which has "a potential high upside", she said...........................................Full Article: Source
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