Private Equity Fund Directory
Subscribe to the free Private Equity and Venture Capital NewsletterJoin AltAssets group on LinkedIn

Current AltAssets Contributors

Join our list of prestigious institutions who have contributed their expertise to the AltAssets Knowledge Bank. It’s a great way to share your views and gain recognition for your insights and thought leadership.

prevnextplay/stopplay/stop

You'll be in excellent company.

CONTRIBUTE CONTENT

Home > Knowledge Bank > Country Focus

Legend Capital, Sequoia Capital China, CCBI invest RMB400m in sports apparel maker Legend Capital, Sequoia Capital China, CCBI invest RMB400m in sports apparel maker

24 Apr 2009.
China-focused venture firms Legend Capital, Sequoia Capital China and the investment arm of China Construction Bank, CCB International, have invested RMB400m ($59m) in Chinese sports products manufacturer Fujian Peak.

The funding will be used for R&D, brand promotion and talent introduction, according to the sportswear maker.

Fujian Peak, which was founded in 1989, currently runs more than 5,100 outlets across China and expects to raise sales revenue to RMB10bn in five years.

Managing up to $700m across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in China or in markets related to China.

Neil Shen co-founded Sequoia Capital China, the Chinese arm of the US venture firm, in 2005 with Zhang Fan.

Copyright © 2009 AltAssets

Add your comment

There are currently no comments.
Leave Comment


or close