$17 Billion Hong Kong Primavera Capital Group Ruled by China Shenzhen Court to Handover All Profits from Sale of Company That Became Ant Group Before the Planned IPO in 2020, Acted Against Best Interests of Investors When it Sold the Shares for Investors

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$17 Billion Hong Kong Primavera Capital Group Ruled by China Shenzhen Court to Handover All Profits from Sale of Company That Became Ant Group Before the Planned IPO in 2020, Acted Against Best Interests of Investors When it Sold the Shares for Investors

7th July 2023 | Hong Kong

Primavera Capital Group with $17 billion AUM (Assets under Management) had received a court ruling by China Shenzhen Court to handover all profits from sale of a company that became Ant Group before the planned IPO in 2020 (Initial Public Offering), with the court ruling that Primavera Capital Group had acted against the best interests of investors when it sold the shares for the investors.  Primavera Capital Group is an investment group based in Hong Kong founded in 2010 by Fred Hu, Kenneth Wong, William Wong and Haitao Zhai.  The firm is led by former Goldman Sachs Greater China Chairman Fred Hu with over 60 portfolio companies including Alibaba, ByteDance, Kuaishuo, Ant Group, Sensetime, Lufax, Goto, Didi, Nio, Palantir, Postal Savings Bank of China, Focus Media and Mead Johnson.  Primavera invests across the full life cycle of a business, from early-stage venture funding to late-stage growth capital, private credit, restructuring financing, carve-out/ spin-off, and full buyout.

” $17 Billion Hong Kong Primavera Capital Group Ruled by China Shenzhen Court to Handover All Profits from Sale of Company That Became Ant Group Before the Planned IPO in 2020, Acted Against Best Interests of Investors When it Sold the Shares for Investors “

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