China´s rich used to invest mostly alone abroad, but according to China rich-list founder Rupert Hoogewerf, a new trend is developing: co-investing. “I think gone are the days when it was all about ´me´, he told the China Daily.
The China Daily:
Top Chinese investors are increasingly engaging in co-investing, a shift away from their more traditional solo approach, said Rupert Hoogewerf, founder of the Hurun Report, which publishes a list of China’s richest people.
“There’s a huge trend of co-investing,” he said. “I think gone are the days when it was all about ‘me.’ Or, ‘I invest it,’ ‘I own my company 100 percent.’
“Like Mr. Wang Jianlin; he’s that sort of character, ‘My company, I own 100 percent of it all,’ or the best part of 100 percent, ‘and I’m going to do this all on my own,’ ” he said, referring to the chairman of Dalian Wanda Group, which acquired AMC Theaters in 2012.
Hoogewerf, who spoke at the China Institute on Tuesday, said that many of China’s top investors and CEOs are going to graduate business schools, meeting like-minded people, and then co-investing with those they meet.
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