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Fred Hu, chairman of Primavera Capital Group, poses for a photograph following a Bloomberg Television interview in Hong Kong, China on Monday, Sept 16, 2019. (Bloomberg filepix) - A + A (June 28): The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly US$2 trillion in market value at its peak. Fred Hu, the former Goldman Sachs Group Inc rainmaker who started the US$17 billion Chinese private equity firm Primavera Capital, said reassuring messages concerning regulation, resilient earnings and beaten-down valuations now make the sector interesting for investors. “This could be the beginning of a new era for China tech,” Hu, the firm’s chairman, said in a recent interview. “There’s a lot of value to be discovered,” he said, adding that investors still need to be selective given the high risk profile of such companies. The private equity mogul’s views are one of the … [Read more...] about One of China’s top tech investors sees crackdown turning point

Share to Twitter Share to Linkedin Topline The death toll reached 50 among people believed to be migrants who were found Monday in and around a sweltering abandoned tractor-trailer near San Antonio, Texas–a tragedy that appears to be linked to efforts to smuggle people across the border from Mexico. Key Facts There were 46 dead reported Monday, with 16 other people—including four children—found alive at the scene, but three later died at Baptist Medical Center, while a fourth death was also reported, though the circumstances were not clear, according to the New York Times . The trailer was first discovered by a person working in a nearby building on Monday evening after they responded to a cry for help and found the trailer’s doors partially open and the deceased people inside it, San Antonio police chief William McManus told the press . Although the vehicle in question was a refrigerated tractor-trailer, San Antonio Fire Chief … [Read more...] about Death Toll Reaches 50 From Abandoned Truck Near San Antonio

Share to Twitter Share to Linkedin Topline Woody Allen—who has been accused by his adopted daughter Dylan of sexually assaulting her when she was a child, which he denies—said Tuesday he plans to make at least one more film, though several A-list actors have said they regret working with him, in an interview on Instagram with Alec Baldwin. Key Facts Allen, 86, said will make at least one more film that will begin production in the fall in Paris. As a result of the allegations against Allen, several major celebrities expressed regret about having worked with the Annie Hall director, including Kate Winslet, Rachel Brosnahan, Elliot Page, Chloe Sevigny, Greta Gerwig and Colin Firth, with some saying they won’t work with him again. In 2019, A Rainy Day In New York stars Timothée Chalamet, Rebecca Hall and Griffin Newman donated their salaries from the film to anti-sexual abuse charities. Allen said he may turn to Broadway and begin … [Read more...] about Woody Allen Making More Movies, He Tells Alec Baldwin In Interview