The Hong Kong-based firm provided crucial financing to ByteDance and the Ant Group and even acquired Princeton Review, the New York-based college test prep firm.
Fred Hu, founder of Primavera Capital. Credit: ChinaImages via Depositphotos
In 2021, as Chinese regulators aggressively reshaped the landscape for the country’s leading technology companies, a sense of apprehension gripped chief executives. Yet, amidst the uncertainty, one CEO stood out for his unwavering confidence in the country’s ability to adapt: the head of Primavera Capital, Fred Hu. Dismissing concerns, Hu confidently asserted that the government’s quest for “common prosperity” was laudable and need not signal a weakening commitment to a robust private
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Our series of interviews with top U.S. policy makers of the last 30 years has revealed how and why the American approach towards China has morphed from seeking closer ties to a desire for estrangement.
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