The Carlyle Group Invests in (Asia)

Source: The Carlyle Group, The Wall Street Journal  |  Author(s): Sonja Cheung

Global alternative asset manager The Carlyle Group has acquired a minority stake in China-based operator of online and mobile-based classifieds in a Series E financing round. The transaction was structured through Carlyle Asia Partners IV. Hedge fund Tiger Global also participated in the round, which was reported to be worth more than US$200 million. intends to use the investment to expand its merchant base and customer reach.