Oriental Patron’s US$435m fund with Magsun aims to nurture Internet giants in China

Hong Kong-listed Oriental Patron Financial Group has teamed up with mainland China’s private equity group Magsun Capital to launch a 3 billion yuan fund with ambitions to create internet-based corporate behemoths in the Chinese market. The fund is aiming to invest in industries such as nursing services for the ageing population, home improvements, education, medical services, e-commerce and finance.